FRPT vs SGI: Correlation
How closely do Freshpet, Inc. (FRPT) and Somnigroup International Inc. (SGI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRPT and SGI?
On 3 years of weekly data the FRPT/SGI correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 710.3 %².
By 3-year correlation, SGI places #5 of the 13 assets tracked against FRPT. The last year tells two different stories: FRPT led by 52.1 percentage points, +26.7% for FRPT against -25.4% for SGI.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FRPT vs SGI: side by side
| FRPT (Freshpet, Inc.) | SGI (Somnigroup International Inc.) | |
|---|---|---|
| 1-year return | +26.7% | -25.4% |
| 5-year return | -42.7% | +44.9% |
| Volatility (ann.) | 45.9% | 33.8% |
| Beta vs S&P 500 | 1.15 | 1.02 |
| Max drawdown (3Y) | -70.9% | -37.1% |
| Market cap | $3.5B | $13.1B |
| P/E (trailing) | 19.4 | 24.8 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRPT | SGI |
|---|---|---|
| 2022 | -44.6% | -26.0% |
| 2023 | +64.4% | +50.1% |
| 2024 | +70.7% | +12.3% |
| 2025 | -58.9% | +58.8% |
| 2026 | +19.4% | -29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRPT and SGI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FRPT and SGI?
As of 2026-08-27, the correlation of weekly returns between FRPT and SGI is 0.46 over 3 years, 0.53 over 1 year and 0.40 over 5 years.
Is SGI a good diversifier for FRPT?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FRPT correlations · SGI correlations
