GIS vs SJM: Correlation
How closely do General Mills (GIS) and J.M. Smucker Company (The) (SJM) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIS and SJM?
On 3 years of weekly data the GIS/SJM correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 275.4 %².
By 3-year correlation, SJM places #8 of the 38 assets tracked against GIS. Correlation aside, the last 12 months split them widely, with SJM ahead by 42.7 points (-12.8% versus +29.9%). The rolling one-year correlation moved between 0.35 and 0.68 over the past three years, a moderate range.
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.
GIS vs SJM: side by side
| GIS (General Mills) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -12.8% | +29.9% |
| 5-year return | -14.6% | +28.2% |
| Volatility (ann.) | 20.6% | 26.0% |
| Beta vs S&P 500 | -0.05 | 0.21 |
| Max drawdown (3Y) | -53.4% | -32.5% |
| Market cap | $21.6B | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 6.09% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | GIS | SJM |
|---|---|---|
| 2022 | +28.1% | +20.1% |
| 2023 | -20.0% | -17.8% |
| 2024 | +1.4% | -9.6% |
| 2025 | -23.7% | -7.6% |
| 2026 | -8.8% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIS and SJM good diversifiers for each other?
Only partially. A correlation of 0.51 means GIS and SJM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GIS and SJM?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.47 over the last year and 0.56 over 5 years.
Is SJM a good diversifier for GIS?
Only partially. A correlation of 0.51 means GIS and SJM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gis-vs-sjm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gis-vs-sjm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIS correlations · SJM correlations
