MXC vs SJM: Correlation
How closely do Mexco Energy Corporation (MXC) and J.M. Smucker Company (The) (SJM) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and SJM?
Over the past 3 years, MXC and SJM moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.03 versus -0.30 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -488.4 %².
Among the 56 assets we track against MXC, SJM sits near the bottom by co-movement, at rank #55. Over the last 12 months SJM came out ahead by 8.3 percentage points (+21.6% against +29.9%). Risk is not evenly split, since MXC carries 2.4 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.
MXC vs SJM: side by side
| MXC (Mexco Energy Corporation) | SJM (J.M. Smucker Company (The)) | |
|---|---|---|
| 1-year return | +21.6% | +29.9% |
| 5-year return | +7.2% | +28.2% |
| Volatility (ann.) | 62.1% | 26.0% |
| Beta vs S&P 500 | -0.31 | 0.21 |
| Max drawdown (3Y) | -60.6% | -32.5% |
| Market cap | – | $14.1B |
| P/E (trailing) | 13.0 | 61.3 |
| Dividend yield | 1.02% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | MXC | SJM |
|---|---|---|
| 2022 | +33.0% | +20.1% |
| 2023 | -26.2% | -17.8% |
| 2024 | +24.6% | -9.6% |
| 2025 | -10.8% | -7.6% |
| 2026 | -0.6% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and SJM good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between MXC and SJM?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with 0.03 over the last year and -0.21 over 5 years.
Is SJM a good diversifier for MXC?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MXC correlations · SJM correlations
