JBSS vs MZTI: Correlation
Measured on weekly returns over the past three years, John B. Sanfilippo & Son, Inc. (JBSS) and The Marzetti Company (MZTI) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBSS and MZTI?
Across a 3-year window, the weekly returns of JBSS and MZTI correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.54) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.40, with an annualized covariance of 325.1 %².
MZTI is one of the assets that tracks JBSS most closely: it ranks #1 out of the 12 assets we track against JBSS. Correlation aside, the last 12 months split them widely, with JBSS ahead by 55.6 points (+19.2% versus -36.4%).
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.
JBSS vs MZTI: side by side
| JBSS (John B. Sanfilippo & Son, Inc.) | MZTI (The Marzetti Company) | |
|---|---|---|
| 1-year return | +19.2% | -36.4% |
| 5-year return | +6.4% | -29.4% |
| Volatility (ann.) | 28.6% | 29.3% |
| Beta vs S&P 500 | 0.21 | 0.29 |
| Max drawdown (3Y) | -43.7% | -46.8% |
| Market cap | $0.9B | $3.1B |
| P/E (trailing) | 14.1 | 16.1 |
| Dividend yield | 1.25% | 3.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBSS | MZTI |
|---|---|---|
| 2022 | -5.9% | +21.6% |
| 2023 | +30.9% | -14.0% |
| 2024 | -12.8% | +6.1% |
| 2025 | -15.8% | -2.9% |
| 2026 | +9.3% | -30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBSS and MZTI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JBSS and MZTI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.54 over the last year and 0.40 over 5 years.
Is MZTI a good diversifier for JBSS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jbss-vs-mzti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jbss-vs-mzti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBSS correlations · MZTI correlations
