JJSF vs MZTI: Correlation
J & J Snack Foods Corp. (JJSF) and The Marzetti Company (MZTI) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JJSF and MZTI?
Over the past 3 years, JJSF and MZTI moved with a correlation of 0.32, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.32 over 3 years. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 284.1 %².
Within JJSF's tracked universe of 11 assets, MZTI comes in at #6 by 3-year correlation. The last year tells two different stories: JJSF led by 16.4 percentage points, -20.0% for JJSF against -36.4% for MZTI.
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.
JJSF vs MZTI: side by side
| JJSF (J & J Snack Foods Corp.) | MZTI (The Marzetti Company) | |
|---|---|---|
| 1-year return | -20.0% | -36.4% |
| 5-year return | -39.4% | -29.4% |
| Volatility (ann.) | 30.3% | 29.3% |
| Beta vs S&P 500 | 0.31 | 0.29 |
| Max drawdown (3Y) | -59.2% | -46.8% |
| Market cap | $1.6B | $3.1B |
| P/E (trailing) | 34.4 | 16.1 |
| Dividend yield | 3.61% | 3.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JJSF | MZTI |
|---|---|---|
| 2022 | -3.4% | +21.6% |
| 2023 | +13.7% | -14.0% |
| 2024 | -5.4% | +6.1% |
| 2025 | -40.0% | -2.9% |
| 2026 | -0.9% | -30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JJSF and MZTI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JJSF and MZTI?
As of 2026-08-27, the correlation of weekly returns between JJSF and MZTI is 0.32 over 3 years, 0.45 over 1 year and 0.40 over 5 years.
Is MZTI a good diversifier for JJSF?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/jjsf-vs-mzti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jjsf-vs-mzti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JJSF correlations · MZTI correlations
