INGR vs SLVM: Correlation
How closely do Ingredion Incorporated (INGR) and Sylvamo Corporation (SLVM) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INGR and SLVM?
Across a 3-year window, the weekly returns of INGR and SLVM correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 337.0 %².
Within INGR's tracked universe of 12 assets, SLVM comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at -17.5% for INGR and -15.5% for SLVM. One caveat on sizing: SLVM is 2.1 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.
INGR vs SLVM: side by side
| INGR (Ingredion Incorporated) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | -17.5% | -15.5% |
| 5-year return | +35.7% | +65.7% |
| Volatility (ann.) | 18.5% | 38.0% |
| Beta vs S&P 500 | 0.34 | 0.92 |
| Max drawdown (3Y) | -36.4% | -60.6% |
| Market cap | $6.5B | $1.5B |
| P/E (trailing) | 11.4 | 19.6 |
| Dividend yield | 3.13% | 4.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INGR | SLVM |
|---|---|---|
| 2022 | +4.5% | +75.3% |
| 2023 | +14.1% | +4.2% |
| 2024 | +29.2% | +64.7% |
| 2025 | -17.9% | -37.1% |
| 2026 | -3.9% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INGR and SLVM good diversifiers for each other?
Reasonably. At 0.48, INGR and SLVM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INGR and SLVM?
As of 2026-08-27, the correlation of weekly returns between INGR and SLVM is 0.48 over 3 years, 0.44 over 1 year and 0.35 over 5 years.
Is SLVM a good diversifier for INGR?
Reasonably. At 0.48, INGR and SLVM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/ingr-vs-slvm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ingr-vs-slvm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INGR correlations · SLVM correlations
