BALL vs BGS: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and B&G Foods, Inc. (BGS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and BGS?
Across a 3-year window, the weekly returns of BALL and BGS correlate at 0.41, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.41 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 602.9 %².
Within BALL's tracked universe of 41 assets, BGS comes in at #27 by 3-year correlation. The last year tells two different stories: BALL led by 34.1 percentage points, +22.9% for BALL against -11.2% for BGS. One caveat on sizing: BGS is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BALL vs BGS: side by side
| BALL (Ball Corporation) | BGS (B&G Foods, Inc.) | |
|---|---|---|
| 1-year return | +22.9% | -11.2% |
| 5-year return | -29.3% | -80.9% |
| Volatility (ann.) | 26.9% | 54.4% |
| Beta vs S&P 500 | 0.43 | 0.09 |
| Max drawdown (3Y) | -35.6% | -63.6% |
| Market cap | $16.8B | $0.3B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 18.84% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | BGS |
|---|---|---|
| 2022 | -46.2% | -60.7% |
| 2023 | +14.1% | +0.3% |
| 2024 | -3.0% | -28.3% |
| 2025 | -2.4% | -26.8% |
| 2026 | +20.4% | -14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and BGS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BALL and BGS?
The BALL/BGS correlation stands at 0.41 on a 3-year window (1 year: 0.56, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is BGS a good diversifier for BALL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/ball-vs-bgs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-bgs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · BGS correlations
