ADM vs BG: Correlation
How closely do Archer Daniels Midland (ADM) and Bunge Global (BG) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADM and BG?
Across a 3-year window, the weekly returns of ADM and BG correlate at 0.67, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 617.1 %².
BG is one of the assets that tracks ADM most closely: it ranks #1 out of the 33 assets we track against ADM. On 12-month performance BG holds a 5.4-point edge, +29.8% against +35.2%. Stability stands out here, with the rolling one-year correlation confined to 0.56 through 0.78.
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.
ADM vs BG: side by side
| ADM (Archer Daniels Midland) | BG (Bunge Global) | |
|---|---|---|
| 1-year return | +29.8% | +35.2% |
| 5-year return | +51.7% | +68.5% |
| Volatility (ann.) | 29.9% | 30.7% |
| Beta vs S&P 500 | 0.24 | 0.09 |
| Max drawdown (3Y) | -46.0% | -38.8% |
| Market cap | $38.1B | $21.4B |
| P/E (trailing) | 21.9 | 24.4 |
| Dividend yield | 2.57% | 2.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | ADM | BG |
|---|---|---|
| 2022 | +40.0% | +9.3% |
| 2023 | -20.4% | +3.8% |
| 2024 | -27.5% | -20.7% |
| 2025 | +18.2% | +18.6% |
| 2026 | +40.4% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADM and BG good diversifiers for each other?
Only partially. A correlation of 0.67 means ADM and BG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADM and BG?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.70 over the last year and 0.70 over 5 years.
Is BG a good diversifier for ADM?
Only partially. A correlation of 0.67 means ADM and BG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/adm-vs-bg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adm-vs-bg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADM correlations · BG correlations
