PEP vs. SJM
PEP (PepsiCo, Inc.) and SJM (The J. M. Smucker Company) are both stocks. Both are in the Consumer Defensive sector — PEP in Beverages - Non-Alcoholic, SJM in Packaged Foods. Over the past 10 years, PEP returned 6.62%/yr vs 1.01%/yr for SJM. At a 0.32 correlation, their price movements are largely independent.
Performance
PEP vs. SJM - Performance Comparison
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Returns By Period
In the year-to-date period, PEP achieves a 2.49% return, which is significantly lower than SJM's 21.63% return. Over the past 10 years, PEP has outperformed SJM with an annualized return of 6.62%, while SJM has yielded a comparatively lower 1.01% annualized return.
PEP
- 1D
- 0.38%
- 1M
- -2.23%
- YTD
- 2.49%
- 6M
- -2.36%
- 1Y
- 14.62%
- 3Y*
- -4.09%
- 5Y*
- 2.73%
- 10Y*
- 6.62%
SJM
- 1D
- -0.29%
- 1M
- 15.86%
- YTD
- 21.63%
- 6M
- 17.12%
- 1Y
- 26.78%
- 3Y*
- -4.77%
- 5Y*
- 0.30%
- 10Y*
- 1.01%
PEP vs. SJM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 2.49% | -1.85% | -7.60% | -3.29% | 6.78% | 20.56% | 11.67% | 27.38% | -4.81% | 17.82% |
SJM The J. M. Smucker Company | 21.63% | -7.56% | -9.61% | -17.79% | 20.06% | 21.05% | 14.50% | 14.90% | -22.58% | -0.49% |
Correlation
The correlation between PEP and SJM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1994 | 0.32 |
The correlation between PEP and SJM shifts across timeframes, from 0.32 (all time) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PEP:
$197.79B
SJM:
$12.43B
PEP:
$6.37
SJM:
-$1.30
PEP:
2.07
SJM:
1.37
PEP:
9.25
SJM:
2.24
PEP:
$95.45B
SJM:
$9.05B
PEP:
$51.60B
SJM:
$3.03B
PEP:
$15.08B
SJM:
$360.20M
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Return for Risk
PEP vs. SJM — Risk / Return Rank
PEP
SJM
PEP vs. SJM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) and The J. M. Smucker Company (SJM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PEP | SJM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.08 | -0.26 |
| Martin ratioReturn relative to average drawdown | 2.11 | 2.64 | -0.53 |
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Drawdowns
PEP vs. SJM - Drawdown Comparison
The maximum PEP drawdown since its inception was -73.92%, which is greater than SJM's maximum drawdown of -45.67%. Use the drawdown chart below to compare losses from any high point for PEP and SJM.
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Drawdown Indicators
| PEP | SJM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.92% | -45.67% | -28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -22.82% | +6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -29.17% | -35.16% | +5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.32% | -38.11% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -30.32% | -38.11% | +7.79% |
Current DrawdownCurrent decline from peak | -17.75% | -18.58% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -13.65% | -13.48% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 9.36% | -2.99% |
Volatility
PEP vs. SJM - Volatility Comparison
The current volatility for PepsiCo, Inc. (PEP) is 5.39%, while The J. M. Smucker Company (SJM) has a volatility of 12.38%. This indicates that PEP experiences smaller price fluctuations and is considered to be less risky than SJM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEP | SJM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 12.38% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 20.78% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 27.74% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.39% | 24.31% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 24.46% | -4.79% |
Dividends
PEP vs. SJM - Dividend Comparison
PEP's dividend yield for the trailing twelve months is around 3.98%, more than SJM's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEP PepsiCo, Inc. | 3.98% | 3.92% | 3.51% | 2.91% | 2.50% | 2.45% | 2.71% | 2.77% | 3.25% | 2.64% | 2.83% | 2.76% |
SJM The J. M. Smucker Company | 3.78% | 4.46% | 3.89% | 3.29% | 2.54% | 2.78% | 3.08% | 3.32% | 3.49% | 2.46% | 2.22% | 2.12% |
Financials
PEP vs. SJM - Financials Comparison
This section allows you to compare key financial metrics between PepsiCo, Inc. and The J. M. Smucker Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PEP vs. SJM - Profitability Comparison
PEP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a gross profit of 10.73B and revenue of 19.44B. Therefore, the gross margin over that period was 55.2%.
SJM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The J. M. Smucker Company reported a gross profit of 941.10M and revenue of 2.27B. Therefore, the gross margin over that period was 41.5%.
PEP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported an operating income of 3.21B and revenue of 19.44B, resulting in an operating margin of 16.5%.
SJM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The J. M. Smucker Company reported an operating income of -542.70M and revenue of 2.27B, resulting in an operating margin of -23.9%.
PEP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PepsiCo, Inc. reported a net income of 2.34B and revenue of 19.44B, resulting in a net margin of 12.0%.
SJM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The J. M. Smucker Company reported a net income of 388.10M and revenue of 2.27B, resulting in a net margin of 17.1%.
Frequently Asked Questions
PEP and SJM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJM has higher volatility (12.38%) compared to PEP (5.39%). In terms of maximum drawdown, PEP dropped -73.92% vs SJM's -45.67%.
SJM currently has the higher Sharpe Ratio (0.89 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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