SFM vs UPS: Correlation
How closely do Sprouts Farmers Market, Inc. (SFM) and United Parcel Service (UPS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFM and UPS?
Over the past 3 years, SFM and UPS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.48) than the 3-year average (-0.24). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -274.2 %².
Out of 14 assets tracked against SFM, UPS lands near the bottom at #11. The last year tells two different stories: UPS led by 72.2 percentage points, -44.0% for SFM against +28.2% for UPS.
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 UPS: side by side
| SFM (Sprouts Farmers Market, Inc.) | UPS (United Parcel Service) | |
|---|---|---|
| 1-year return | -44.0% | +28.2% |
| 5-year return | +228.8% | -31.0% |
| Volatility (ann.) | 39.2% | 29.4% |
| Beta vs S&P 500 | 0.38 | 0.81 |
| Max drawdown (3Y) | -63.5% | -46.5% |
| Market cap | $7.6B | $89.9B |
| P/E (trailing) | 15.5 | 19.6 |
| Dividend yield | 0.00% | 6.21% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | SFM | UPS |
|---|---|---|
| 2022 | +9.1% | -16.2% |
| 2023 | +48.6% | -6.0% |
| 2024 | +164.1% | -15.9% |
| 2025 | -37.3% | -15.9% |
| 2026 | +1.7% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFM and UPS good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between SFM and UPS?
As of 2026-08-27, the correlation of weekly returns between SFM and UPS is -0.24 over 3 years, -0.48 over 1 year and -0.02 over 5 years.
Is UPS a good diversifier for SFM?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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: SFM correlations · UPS correlations
