JBSS vs NWL: Correlation
John B. Sanfilippo & Son, Inc. (JBSS) and Newell Brands Inc. (NWL) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBSS and NWL?
On 3 years of weekly data the JBSS/NWL correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 644.5 %².
Within JBSS's tracked universe of 12 assets, NWL comes in at #5 by 3-year correlation. On 12-month performance JBSS holds a 13.6-point edge, +19.2% against +5.6%. Risk is not evenly split, since NWL carries 2.2 times the volatility of the other side.
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 NWL: side by side
| JBSS (John B. Sanfilippo & Son, Inc.) | NWL (Newell Brands Inc.) | |
|---|---|---|
| 1-year return | +19.2% | +5.6% |
| 5-year return | +6.4% | -70.7% |
| Volatility (ann.) | 28.6% | 62.8% |
| Beta vs S&P 500 | 0.21 | 1.15 |
| Max drawdown (3Y) | -43.7% | -72.3% |
| Market cap | $0.9B | $2.5B |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.25% | 4.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JBSS | NWL |
|---|---|---|
| 2022 | -5.9% | -37.0% |
| 2023 | +30.9% | -30.9% |
| 2024 | -12.8% | +19.0% |
| 2025 | -15.8% | -60.5% |
| 2026 | +9.3% | +63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBSS and NWL 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 JBSS and NWL?
As of 2026-08-27, the correlation of weekly returns between JBSS and NWL is 0.36 over 3 years, 0.27 over 1 year and 0.27 over 5 years.
Is NWL a good diversifier for JBSS?
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?
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-nwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jbss-vs-nwl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JBSS correlations · NWL correlations
