BF.B vs BG: Correlation
How closely do Brown–Forman (BF.B) and Bunge Global (BG) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and BG?
Across a 3-year window, the weekly returns of BF.B and BG correlate at 0.25, weak. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 257.3 %².
Within BF.B's tracked universe of 36 assets, BG comes in at #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BG outperformed by 42.6 percentage points (-7.4% for BF.B against +35.2% for BG). On a rolling one-year basis the correlation drifted between 0.08 and 0.44, a moderate band.
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.
BF.B vs BG: side by side
| BF.B (Brown–Forman) | BG (Bunge Global) | |
|---|---|---|
| 1-year return | -7.4% | +35.2% |
| 5-year return | -56.8% | +68.5% |
| Volatility (ann.) | 34.0% | 30.7% |
| Beta vs S&P 500 | 0.51 | 0.09 |
| Max drawdown (3Y) | -64.8% | -38.8% |
| Market cap | $12.5B | $21.4B |
| P/E (trailing) | 18.3 | 24.4 |
| Dividend yield | 3.26% | 2.51% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BF.B | BG |
|---|---|---|
| 2022 | -8.9% | +9.3% |
| 2023 | -11.9% | +3.8% |
| 2024 | -32.2% | -20.7% |
| 2025 | -29.3% | +18.6% |
| 2026 | +6.6% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and BG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BF.B and BG?
As of 2026-08-27, the correlation of weekly returns between BF.B and BG is 0.25 over 3 years, 0.23 over 1 year and 0.21 over 5 years.
Is BG a good diversifier for BF.B?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bf-b-vs-bg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-bg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · BG correlations
