ITRI vs SFM: Correlation
Measured on weekly returns over the past three years, Itron, Inc. (ITRI) and Sprouts Farmers Market, Inc. (SFM) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITRI and SFM?
Across a 3-year window, the weekly returns of ITRI and SFM correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 541.5 %².
By 3-year correlation, SFM places #16 of the 21 assets tracked against ITRI. The last year tells two different stories: ITRI led by 24.1 percentage points, -19.9% for ITRI against -44.0% for SFM.
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.
ITRI vs SFM: side by side
| ITRI (Itron, Inc.) | SFM (Sprouts Farmers Market, Inc.) | |
|---|---|---|
| 1-year return | -19.9% | -44.0% |
| 5-year return | +17.0% | +228.8% |
| Volatility (ann.) | 38.9% | 39.2% |
| Beta vs S&P 500 | 1.14 | 0.38 |
| Max drawdown (3Y) | -43.6% | -63.5% |
| Market cap | $4.3B | $7.6B |
| P/E (trailing) | 16.5 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITRI | SFM |
|---|---|---|
| 2022 | -26.1% | +9.1% |
| 2023 | +49.1% | +48.6% |
| 2024 | +43.8% | +164.1% |
| 2025 | -14.5% | -37.3% |
| 2026 | +6.9% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITRI and SFM good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ITRI and SFM?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.39 over the last year and 0.27 over 5 years.
Is SFM a good diversifier for ITRI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/itri-vs-sfm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itri-vs-sfm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ITRI correlations · SFM correlations
