KHC vs SJM: Correlation
Measured on weekly returns over the past three years, Kraft Heinz (KHC) and J.M. Smucker Company (The) (SJM) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KHC and SJM?
Over the past 3 years, KHC and SJM moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 298.1 %².
Among the 36 assets we track against KHC, SJM ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SJM outperformed by 33.8 percentage points (-3.9% for KHC against +29.9% for SJM). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.73.
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.
KHC vs SJM: side by side
| KHC (Kraft Heinz) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | -3.9% | +29.9% |
| 5-year return | -10.9% | +28.2% |
| Volatility (ann.) | 21.7% | 26.0% |
| Beta vs S&P 500 | 0.12 | 0.21 |
| Max drawdown (3Y) | -38.7% | -32.5% |
| Market cap | $29.8B | $14.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 6.45% | 3.38% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | KHC | SJM |
|---|---|---|
| 2022 | +18.2% | +20.1% |
| 2023 | -5.0% | -17.8% |
| 2024 | -13.0% | -9.6% |
| 2025 | -16.3% | -7.6% |
| 2026 | +7.3% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KHC and SJM good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KHC and SJM?
The KHC/SJM correlation stands at 0.53 on a 3-year window (1 year: 0.41, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is SJM a good diversifier for KHC?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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
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Related comparisons
Hubs: KHC correlations · SJM correlations
