BBGI vs LYB: Correlation
How closely do Beasley Broadcast Group, Inc. (BBGI) and LyondellBasell (LYB) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and LYB?
Across a 3-year window, the weekly returns of BBGI and LYB correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.31) runs below the 3-year figure (-0.19). Stretching to 5 years gives -0.13, with an annualized covariance of -1132.2 %².
Among the 22 assets we track against BBGI, LYB ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBGI ahead by 309.7 points (+328.8% versus +19.1%). One caveat on sizing: BBGI is 5.3 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.
BBGI vs LYB: side by side
| BBGI (Beasley Broadcast Group, Inc.) | LYB (LyondellBasell) | |
|---|---|---|
| 1-year return | +328.8% | +19.1% |
| 5-year return | -61.6% | -12.8% |
| Volatility (ann.) | 178.9% | 33.7% |
| Beta vs S&P 500 | 1.94 | 0.42 |
| Max drawdown (3Y) | -85.2% | -55.4% |
| Market cap | – | $20.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 6.58% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | BBGI | LYB |
|---|---|---|
| 2022 | -51.6% | -1.0% |
| 2023 | -4.3% | +20.7% |
| 2024 | -46.5% | -17.4% |
| 2025 | -46.8% | -36.0% |
| 2026 | +293.8% | +50.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and LYB good diversifiers for each other?
Yes. With a correlation of -0.19, BBGI and LYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBGI and LYB?
The BBGI/LYB correlation stands at -0.19 on a 3-year window (1 year: -0.31, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is LYB a good diversifier for BBGI?
Yes. With a correlation of -0.19, BBGI and LYB 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/bbgi-vs-lyb.json
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Related comparisons
Hubs: BBGI correlations · LYB correlations
