SJM vs SYY: Correlation
J.M. Smucker Company (The) (SJM) and Sysco (SYY) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SJM and SYY?
Over the past 3 years, SJM and SYY moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 233.0 %².
By 3-year correlation, SYY places #7 of the 33 assets tracked against SJM. The last year tells two different stories: SJM led by 24.3 percentage points, +29.9% for SJM against +5.6% for SYY. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.59.
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 SYY: side by side
| SJM (J.M. Smucker Company (The)) | SYY (Sysco) | |
|---|---|---|
| 1-year return | +29.9% | +5.6% |
| 5-year return | +28.2% | +19.2% |
| Volatility (ann.) | 26.0% | 20.3% |
| Beta vs S&P 500 | 0.21 | 0.14 |
| Max drawdown (3Y) | -32.5% | -24.0% |
| Market cap | $14.1B | $39.5B |
| P/E (trailing) | 61.3 | 22.5 |
| Dividend yield | 3.38% | 2.61% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | SJM | SYY |
|---|---|---|
| 2022 | +20.1% | -0.3% |
| 2023 | -17.8% | -1.7% |
| 2024 | -9.6% | +7.4% |
| 2025 | -7.6% | -1.0% |
| 2026 | +38.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SJM and SYY good diversifiers for each other?
Reasonably. At 0.44, SJM and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SJM and SYY?
The SJM/SYY correlation stands at 0.44 on a 3-year window (1 year: 0.41, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SYY a good diversifier for SJM?
Reasonably. At 0.44, SJM and SYY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sjm-vs-syy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sjm-vs-syy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SJM correlations · SYY correlations
