INGR vs JJSF: Correlation
How closely do Ingredion Incorporated (INGR) and J & J Snack Foods Corp. (JJSF) 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 INGR and JJSF?
On 3 years of weekly data the INGR/JJSF correlation comes out at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 285.8 %².
JJSF is one of the assets that tracks INGR most closely: it ranks #3 out of the 12 assets we track against INGR. Neither side won the trailing year by much: -17.5% against -20.0%. Note the risk asymmetry: JJSF runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INGR vs JJSF: side by side
| INGR (Ingredion Incorporated) | JJSF (J & J Snack Foods Corp.) | |
|---|---|---|
| 1-year return | -17.5% | -20.0% |
| 5-year return | +35.7% | -39.4% |
| Volatility (ann.) | 18.5% | 30.3% |
| Beta vs S&P 500 | 0.34 | 0.31 |
| Max drawdown (3Y) | -36.4% | -59.2% |
| Market cap | $6.5B | $1.6B |
| P/E (trailing) | 11.4 | 34.4 |
| Dividend yield | 3.13% | 3.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGR | JJSF |
|---|---|---|
| 2022 | +4.5% | -3.4% |
| 2023 | +14.1% | +13.7% |
| 2024 | +29.2% | -5.4% |
| 2025 | -17.9% | -40.0% |
| 2026 | -3.9% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGR and JJSF good diversifiers for each other?
Only partially. A correlation of 0.51 means INGR and JJSF 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 INGR and JJSF?
The INGR/JJSF correlation stands at 0.51 on a 3-year window (1 year: 0.49, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is JJSF a good diversifier for INGR?
Only partially. A correlation of 0.51 means INGR and JJSF 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?
A reading of 0.51 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
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Related comparisons
Hubs: INGR correlations · JJSF correlations
