SFM vs TER: Correlation
Measured on weekly returns over the past three years, Sprouts Farmers Market, Inc. (SFM) and Teradyne (TER) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFM and TER?
Across a 3-year window, the weekly returns of SFM and TER correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.24). Stretching to 5 years gives -0.06, with an annualized covariance of -491.8 %².
TER is close to the least connected end of SFM's tracked universe, ranking #10 of 14. The last year tells two different stories: TER led by 262.8 percentage points, -44.0% for SFM against +218.8% for TER.
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.
SFM vs TER: side by side
| SFM (Sprouts Farmers Market, Inc.) | TER (Teradyne) | |
|---|---|---|
| 1-year return | -44.0% | +218.8% |
| 5-year return | +228.8% | +207.9% |
| Volatility (ann.) | 39.2% | 52.5% |
| Beta vs S&P 500 | 0.38 | 1.70 |
| Max drawdown (3Y) | -63.5% | -58.2% |
| Market cap | $7.6B | $58.2B |
| P/E (trailing) | 15.5 | 50.0 |
| Dividend yield | 0.00% | 0.14% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | SFM | TER |
|---|---|---|
| 2022 | +9.1% | -46.3% |
| 2023 | +48.6% | +24.8% |
| 2024 | +164.1% | +16.5% |
| 2025 | -37.3% | +54.4% |
| 2026 | +1.7% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFM and TER good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SFM and TER?
The SFM/TER correlation stands at -0.24 on a 3-year window (1 year: -0.41, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is TER a good diversifier for SFM?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/sfm-vs-ter.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sfm-vs-ter/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SFM correlations · TER correlations
