SENEA vs SENEB: Correlation
Measured on weekly returns over the past three years, Seneca Foods Corp. (SENEA) and Seneca Foods Corp. (SENEB) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SENEA and SENEB?
Across a 3-year window, the weekly returns of SENEA and SENEB correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.54, with an annualized covariance of 507.0 %².
SENEB is one of the assets that tracks SENEA most closely: it ranks #1 out of the 11 assets we track against SENEA. Twelve-month performance is nearly a tie, at +73.3% for SENEA and +72.9% for SENEB.
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.
SENEA vs SENEB: side by side
| SENEA (Seneca Foods Corp.) | SENEB (Seneca Foods Corp.) | |
|---|---|---|
| 1-year return | +73.3% | +72.9% |
| 5-year return | +294.2% | +292.8% |
| Volatility (ann.) | 33.3% | 33.7% |
| Beta vs S&P 500 | 0.07 | 0.14 |
| Max drawdown (3Y) | -22.8% | -22.4% |
| Market cap | $1.3B | $1.3B |
| P/E (trailing) | 11.1 | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SENEA | SENEB |
|---|---|---|
| 2022 | +27.1% | +28.5% |
| 2023 | -14.0% | -14.7% |
| 2024 | +51.1% | +53.7% |
| 2025 | +39.6% | +38.0% |
| 2026 | +73.8% | +76.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SENEA and SENEB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SENEA and SENEB?
The SENEA/SENEB correlation stands at 0.45 on a 3-year window (1 year: 0.56, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is SENEB a good diversifier for SENEA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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: SENEA correlations · SENEB correlations
