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SBFM vs WFCF: Correlation

How closely do Sunshine Biopharma Inc. (SBFM) and Where Food Comes From, Inc. (WFCF) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.33
moderate
Correlation (1Y)
0.64
last 12 months
Correlation (5Y)
0.23
long-run
Ann. covariance
2339.1
%² · weekly, annualized

How correlated are SBFM and WFCF?

Across a 3-year window, the weekly returns of SBFM and WFCF correlate at 0.33, moderate. The past 12 months show a tighter link (0.64) than the 3-year average (0.33). Stretching to 5 years gives 0.23, with an annualized covariance of 2339.1 %².

By 3-year correlation, WFCF places #5 of the 11 assets tracked against SBFM. The last year tells two different stories: WFCF led by 101.8 percentage points, -91.4% for SBFM against +10.4% for WFCF. Note the risk asymmetry: SBFM runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.

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.

SBFM vs WFCF: side by side

SBFM (Sunshine Biopharma Inc.)WFCF (Where Food Comes From, Inc.)
1-year return-91.4%+10.4%
5-year return-100.0%+0.4%
Volatility (ann.)123.8%57.1%
Beta vs S&P 5001.400.27
Max drawdown (3Y)-100.0%-49.1%
Market cap$0.1B
P/E (trailing)45.7
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: WFCF -49.1% vs -100.0%Higher 5y return: WFCF +0.4% vs -100.0%
-92%0%+54%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). SBFM · WFCF

Year-by-year returns

YearSBFMWFCF
2022-3.7%
2023-57.5%-3.0%
2024-99.4%-2.3%
2025-59.0%-13.2%
2026-89.7%+15.3%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are SBFM and WFCF good diversifiers for each other?

A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between SBFM and WFCF?

As of 2026-08-27, the correlation of weekly returns between SBFM and WFCF is 0.33 over 3 years, 0.64 over 1 year and 0.23 over 5 years.

Is WFCF a good diversifier for SBFM?

A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.33 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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SBFM vs WFCF: 3-year weekly correlation 0.33SBFM vs WFCF0.33

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Hubs: SBFM correlations · WFCF correlations