AGNC vs BWMX: Correlation
How closely do AGNC Investment Corp. (AGNC) and Betterware de Mexico, S.A.P.I. de C.V. (BWMX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNC and BWMX?
Across a 3-year window, the weekly returns of AGNC and BWMX correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.26, with an annualized covariance of 525.5 %².
Among the 14 assets we track against AGNC, BWMX ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +28.0% for AGNC and +25.6% for BWMX. Risk is not evenly split, since BWMX carries 1.8 times the volatility of the other side.
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.
AGNC vs BWMX: side by side
| AGNC (AGNC Investment Corp.) | BWMX (Betterware de Mexico, S.A.P.I. de C.V.) | |
|---|---|---|
| 1-year return | +28.0% | +25.6% |
| 5-year return | +33.5% | -40.9% |
| Volatility (ann.) | 25.1% | 45.7% |
| Beta vs S&P 500 | 0.87 | 0.88 |
| Max drawdown (3Y) | -30.5% | -57.5% |
| Market cap | $13.0B | $0.6B |
| P/E (trailing) | 5.4 | 6.1 |
| Dividend yield | 13.32% | 66.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGNC | BWMX |
|---|---|---|
| 2022 | -21.7% | -66.1% |
| 2023 | +10.1% | +133.9% |
| 2024 | +8.9% | -12.0% |
| 2025 | +34.9% | +37.3% |
| 2026 | +10.3% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNC and BWMX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGNC and BWMX?
As of 2026-08-27, the correlation of weekly returns between AGNC and BWMX is 0.46 over 3 years, 0.24 over 1 year and 0.26 over 5 years.
Is BWMX a good diversifier for AGNC?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
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Related comparisons
Hubs: AGNC correlations · BWMX correlations
