SYY vs TH: Correlation
How closely do Sysco (SYY) and Target Hospitality Corp. (TH) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYY and TH?
Across a 3-year window, the weekly returns of SYY and TH correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.23). Stretching to 5 years gives -0.17, with an annualized covariance of -300.0 %².
By 3-year correlation, TH places #25 of the 33 assets tracked against SYY. The last year tells two different stories: TH led by 107.9 percentage points, +5.6% for SYY against +113.5% for TH. One caveat on sizing: TH is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SYY vs TH: side by side
| SYY (Sysco) | TH (Target Hospitality Corp.) | |
|---|---|---|
| 1-year return | +5.6% | +113.5% |
| 5-year return | +19.2% | +383.7% |
| Volatility (ann.) | 20.3% | 63.3% |
| Beta vs S&P 500 | 0.14 | 0.47 |
| Max drawdown (3Y) | -24.0% | -69.1% |
| Market cap | $39.5B | $1.9B |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 2.61% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | SYY | TH |
|---|---|---|
| 2022 | -0.3% | +325.3% |
| 2023 | -1.7% | -35.7% |
| 2024 | +7.4% | -0.7% |
| 2025 | -1.0% | -17.1% |
| 2026 | +14.3% | +136.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYY and TH good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between SYY and TH?
The SYY/TH correlation stands at -0.23 on a 3-year window (1 year: -0.38, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is TH a good diversifier for SYY?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/syy-vs-th.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/syy-vs-th/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SYY correlations · TH correlations
