GEV vs SJM: Correlation
GE Vernova (GEV) and J.M. Smucker Company (The) (SJM) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEV and SJM?
On 3 years of weekly data the GEV/SJM correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -298.1 %².
Among the 33 assets we track against GEV, SJM ranks #24 by 3-year correlation. The last year tells two different stories: GEV led by 23.7 percentage points, +53.6% for GEV against +29.9% for SJM. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.44 to 0.08. One caveat on sizing: GEV is 1.8 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.
GEV vs SJM: side by side
| GEV (GE Vernova) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +53.6% | +29.9% |
| 5-year return | n/a | +28.2% |
| Volatility (ann.) | 45.8% | 26.0% |
| Beta vs S&P 500 | 1.42 | 0.21 |
| Max drawdown (3Y) | -38.3% | -32.5% |
| Market cap | $254.0B | $14.1B |
| P/E (trailing) | 27.3 | 61.3 |
| Dividend yield | 0.18% | 3.38% |
| Sector / category | Industrials | Consumer Staples |
Year-by-year returns
| Year | GEV | SJM |
|---|---|---|
| 2022 | – | +20.1% |
| 2023 | – | -17.8% |
| 2024 | – | -9.6% |
| 2025 | +99.0% | -7.6% |
| 2026 | +46.2% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEV and SJM good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GEV and SJM?
As of 2026-08-27, the correlation of weekly returns between GEV and SJM is -0.24 over 3 years, -0.18 over 1 year and n/a over 5 years.
Is SJM a good diversifier for GEV?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GEV correlations · SJM correlations
