SJM vs. FLOT
SJM (The J. M. Smucker Company) is a stock, while FLOT (iShares Floating Rate Bond ETF) is Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Over the past 10 years, SJM returned 0.73%/yr vs 3.03%/yr for FLOT. At a 0.04 correlation, their price movements are largely independent.
Performance
SJM vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, SJM achieves a 20.74% return, which is significantly higher than FLOT's 2.11% return. Over the past 10 years, SJM has underperformed FLOT with an annualized return of 0.73%, while FLOT has yielded a comparatively higher 3.03% annualized return.
SJM
- 1D
- 2.79%
- 1M
- 12.29%
- YTD
- 20.74%
- 6M
- 18.48%
- 1Y
- 25.31%
- 3Y*
- -4.90%
- 5Y*
- 1.19%
- 10Y*
- 0.73%
FLOT
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 2.11%
- 6M
- 2.17%
- 1Y
- 4.76%
- 3Y*
- 5.59%
- 5Y*
- 4.24%
- 10Y*
- 3.03%
SJM vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJM The J. M. Smucker Company | 20.74% | -7.56% | -9.61% | -17.79% | 20.06% | 21.05% | 14.50% | 14.90% | -22.58% | -0.49% |
FLOT iShares Floating Rate Bond ETF | 2.11% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between SJM and FLOT is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.04 |
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Return for Risk
SJM vs. FLOT — Risk / Return Rank
SJM
FLOT
SJM vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The J. M. Smucker Company (SJM) and iShares Floating Rate Bond ETF (FLOT). 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.
| SJM | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.48 | ||
| Sortino ratioReturn per unit of downside risk | -9.97 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 3.12 | -1.94 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 11.08 | -9.97 |
| Martin ratioReturn relative to average drawdown | 2.70 | 102.54 | -99.84 |
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Drawdowns
SJM vs. FLOT - Drawdown Comparison
The maximum SJM drawdown since its inception was -45.67%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for SJM and FLOT.
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Drawdown Indicators
| SJM | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.67% | -13.54% | -32.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -0.43% | -22.39% |
Max Drawdown (3Y)Largest decline over 3 years | -35.16% | -1.57% | -33.59% |
Max Drawdown (5Y)Largest decline over 5 years | -38.11% | -2.36% | -35.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -13.54% | -24.57% |
Current DrawdownCurrent decline from peak | -19.18% | 0.00% | -19.18% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -0.21% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.39% | 0.05% | +9.34% |
Volatility
SJM vs. FLOT - Volatility Comparison
The J. M. Smucker Company (SJM) has a higher volatility of 13.26% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. This indicates that SJM's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJM | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 0.21% | +13.05% |
Volatility (6M)Calculated over the trailing 6-month period | 21.48% | 0.63% | +20.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.24% | 0.75% | +27.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.44% | 1.77% | +22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.53% | 4.15% | +20.38% |
Dividends
SJM vs. FLOT - Dividend Comparison
SJM's dividend yield for the trailing twelve months is around 3.80%, less than FLOT's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.52% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
SJM The J. M. Smucker Company | 3.80% | 4.46% | 3.89% | 3.29% | 2.54% | 2.78% | 3.08% | 3.32% | 3.49% | 2.46% | 2.22% | 2.12% |
Frequently Asked Questions
SJM and FLOT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJM has higher volatility (13.26%) compared to FLOT (0.21%). In terms of maximum drawdown, SJM dropped -45.67% vs FLOT's -13.54%.
FLOT currently has the higher Sharpe Ratio (6.38 vs 0.90), 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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