SJM vs SVRN: Correlation
How closely do J.M. Smucker Company (The) (SJM) and OceanPal Inc. (SVRN) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SJM and SVRN?
On 3 years of weekly data the SJM/SVRN correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.21 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -852.7 %².
Among the 33 assets we track against SJM, SVRN ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SJM ahead by 102.1 points (+29.9% versus -72.2%). Note the risk asymmetry: SVRN runs 5.9 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.
SJM vs SVRN: side by side
| SJM (J.M. Smucker Company (The)) | SVRN (OceanPal Inc.) | |
|---|---|---|
| 1-year return | +29.9% | -72.2% |
| 5-year return | +28.2% | -100.0% |
| Volatility (ann.) | 26.0% | 153.9% |
| Beta vs S&P 500 | 0.21 | 0.71 |
| Max drawdown (3Y) | -32.5% | -99.7% |
| Market cap | $14.1B | – |
| P/E (trailing) | 61.3 | – |
| Dividend yield | 3.38% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | SJM | SVRN |
|---|---|---|
| 2022 | +20.1% | -99.4% |
| 2023 | -17.8% | -90.0% |
| 2024 | -9.6% | -48.0% |
| 2025 | -7.6% | -96.3% |
| 2026 | +38.9% | -59.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SJM and SVRN good diversifiers for each other?
Yes. With a correlation of -0.21, SJM and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SJM and SVRN?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.06 over the last year and -0.17 over 5 years.
Is SVRN a good diversifier for SJM?
Yes. With a correlation of -0.21, SJM and SVRN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: SJM correlations · SVRN correlations
