APP vs BGS: Correlation
AppLovin (APP) and B&G Foods, Inc. (BGS) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APP and BGS?
Over the past 3 years, APP and BGS moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.23). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -1068.7 %².
Among the 44 assets we track against APP, BGS sits near the bottom by co-movement, at rank #40. The last year tells two different stories: BGS led by 21.3 percentage points, -32.5% for APP against -11.2% for BGS. Risk is not evenly split, since APP carries 1.5 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.
APP vs BGS: side by side
| APP (AppLovin) | BGS (B&G Foods, Inc.) | |
|---|---|---|
| 1-year return | -32.5% | -11.2% |
| 5-year return | +326.5% | -80.9% |
| Volatility (ann.) | 84.3% | 54.4% |
| Beta vs S&P 500 | 3.10 | 0.09 |
| Max drawdown (3Y) | -59.3% | -63.6% |
| Market cap | $105.0B | $0.3B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 0.00% | 18.84% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | APP | BGS |
|---|---|---|
| 2022 | -88.8% | -60.7% |
| 2023 | +278.4% | +0.3% |
| 2024 | +712.6% | -28.3% |
| 2025 | +108.1% | -26.8% |
| 2026 | -53.6% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APP and BGS good diversifiers for each other?
Yes. With a correlation of -0.23, APP and BGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APP and BGS?
The APP/BGS correlation stands at -0.23 on a 3-year window (1 year: -0.04, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is BGS a good diversifier for APP?
Yes. With a correlation of -0.23, APP and BGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/app-vs-bgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/app-vs-bgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APP correlations · BGS correlations
