AXON vs BGS: Correlation
Axon Enterprise (AXON) and B&G Foods, Inc. (BGS) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and BGS?
Across a 3-year window, the weekly returns of AXON and BGS correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -592.3 %².
Among the 35 assets we track against AXON, BGS ranks #29 by 3-year correlation. Over the last 12 months BGS came out ahead by 9.4 percentage points (-20.6% against -11.2%).
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.
AXON vs BGS: side by side
| AXON (Axon Enterprise) | BGS (B&G Foods, Inc.) | |
|---|---|---|
| 1-year return | -20.6% | -11.2% |
| 5-year return | +216.9% | -80.9% |
| Volatility (ann.) | 57.4% | 54.4% |
| Beta vs S&P 500 | 1.51 | 0.09 |
| Max drawdown (3Y) | -60.3% | -63.6% |
| Market cap | $49.7B | $0.3B |
| P/E (trailing) | 250.5 | – |
| Dividend yield | 0.00% | 18.84% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | BGS |
|---|---|---|
| 2022 | +5.7% | -60.7% |
| 2023 | +55.7% | +0.3% |
| 2024 | +130.1% | -28.3% |
| 2025 | -4.4% | -26.8% |
| 2026 | +7.6% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and BGS good diversifiers for each other?
Yes. With a correlation of -0.19, AXON and BGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AXON and BGS?
As of 2026-08-27, the correlation of weekly returns between AXON and BGS is -0.19 over 3 years, -0.16 over 1 year and -0.07 over 5 years.
Is BGS a good diversifier for AXON?
Yes. With a correlation of -0.19, AXON and BGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axon-vs-bgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axon-vs-bgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AXON correlations · BGS correlations
