ANDE vs BG: Correlation
How closely do The Andersons, Inc. (ANDE) and Bunge Global (BG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and BG?
On 3 years of weekly data the ANDE/BG correlation comes out at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 599.2 %².
Few assets follow ANDE as closely as BG, which ranks #1 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months ANDE outperformed by 23.7 percentage points (+58.9% for ANDE against +35.2% for BG).
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.
ANDE vs BG: side by side
| ANDE (The Andersons, Inc.) | BG (Bunge Global) | |
|---|---|---|
| 1-year return | +58.9% | +35.2% |
| 5-year return | +128.7% | +68.5% |
| Volatility (ann.) | 33.1% | 30.7% |
| Beta vs S&P 500 | 0.26 | 0.09 |
| Max drawdown (3Y) | -46.9% | -38.8% |
| Market cap | $2.2B | $21.4B |
| P/E (trailing) | 12.6 | 24.4 |
| Dividend yield | 1.21% | 2.51% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ANDE | BG |
|---|---|---|
| 2022 | -7.8% | +9.3% |
| 2023 | +67.0% | +3.8% |
| 2024 | -28.8% | -20.7% |
| 2025 | +33.8% | +18.6% |
| 2026 | +21.0% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and BG good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ANDE and BG?
The ANDE/BG correlation stands at 0.59 on a 3-year window (1 year: 0.69, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is BG a good diversifier for ANDE?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ande-vs-bg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ande-vs-bg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANDE correlations · BG correlations
