SJM vs VZ: Correlation
How closely do J.M. Smucker Company (The) (SJM) and Verizon (VZ) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SJM and VZ?
Over the past 3 years, SJM and VZ moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 254.0 %².
Among the 33 assets we track against SJM, VZ ranks #10 by 3-year correlation. On 12-month performance SJM holds a 10.6-point edge, +29.9% against +19.3%. The rolling one-year correlation moved between 0.22 and 0.57 over the past three years, a moderate range.
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 VZ: side by side
| SJM (J.M. Smucker Company (The)) | VZ (Verizon) | |
|---|---|---|
| 1-year return | +29.9% | +19.3% |
| 5-year return | +28.2% | +23.8% |
| Volatility (ann.) | 26.0% | 22.9% |
| Beta vs S&P 500 | 0.21 | 0.15 |
| Max drawdown (3Y) | -32.5% | -17.0% |
| Market cap | $14.1B | $205.4B |
| P/E (trailing) | 61.3 | 12.9 |
| Dividend yield | 3.38% | 5.57% |
| Sector / category | Consumer Staples | Communication Services |
Year-by-year returns
| Year | SJM | VZ |
|---|---|---|
| 2022 | +20.1% | -20.0% |
| 2023 | -17.8% | +2.7% |
| 2024 | -9.6% | +13.1% |
| 2025 | -7.6% | +8.9% |
| 2026 | +38.9% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SJM and VZ good diversifiers for each other?
Reasonably. At 0.43, SJM and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between SJM and VZ?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and 0.38 over 5 years.
Is VZ a good diversifier for SJM?
Reasonably. At 0.43, SJM and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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 · VZ correlations
