GDEV vs SFM: Correlation
How closely do GDEV Inc. (GDEV) and Sprouts Farmers Market, Inc. (SFM) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDEV and SFM?
Across a 3-year window, the weekly returns of GDEV and SFM correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.11, with an annualized covariance of -802.8 %².
Among the 11 assets we track against GDEV, SFM sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months GDEV outperformed by 19.8 percentage points (-24.2% for GDEV against -44.0% for SFM). One caveat on sizing: GDEV is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GDEV vs SFM: side by side
| GDEV (GDEV Inc.) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | -24.2% | -44.0% |
| 5-year return | -84.9% | +228.8% |
| Volatility (ann.) | 87.8% | 39.2% |
| Beta vs S&P 500 | 1.24 | 0.38 |
| Max drawdown (3Y) | -77.9% | -63.5% |
| Market cap | $0.2B | $7.6B |
| P/E (trailing) | 2.7 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDEV | SFM |
|---|---|---|
| 2022 | -20.8% | +9.1% |
| 2023 | -65.4% | +48.6% |
| 2024 | -12.5% | +164.1% |
| 2025 | -6.3% | -37.3% |
| 2026 | -28.0% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDEV and SFM good diversifiers for each other?
Yes. With a correlation of -0.23, GDEV and SFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDEV and SFM?
As of 2026-08-27, the correlation of weekly returns between GDEV and SFM is -0.23 over 3 years, -0.30 over 1 year and -0.11 over 5 years.
Is SFM a good diversifier for GDEV?
Yes. With a correlation of -0.23, GDEV and SFM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdev-vs-sfm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdev-vs-sfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDEV correlations · SFM correlations
