BG vs CASY: Correlation
How closely do Bunge Global (BG) and Casey's (CASY) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and CASY?
Across a 3-year window, the weekly returns of BG and CASY correlate at 0.22, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.20, with an annualized covariance of 192.6 %².
Within BG's tracked universe of 37 assets, CASY comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CASY outperformed by 18.5 percentage points (+35.2% for BG against +53.7% for CASY). Across three years, the rolling one-year figure varied moderately, from -0.03 to 0.33.
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.
BG vs CASY: side by side
| BG (Bunge Global) | CASY (Casey's) | |
|---|---|---|
| 1-year return | +35.2% | +53.7% |
| 5-year return | +68.5% | +284.3% |
| Volatility (ann.) | 30.7% | 28.9% |
| Beta vs S&P 500 | 0.09 | 0.39 |
| Max drawdown (3Y) | -38.8% | -16.6% |
| Market cap | $21.4B | $28.2B |
| P/E (trailing) | 24.4 | 42.2 |
| Dividend yield | 2.51% | 0.28% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BG | CASY |
|---|---|---|
| 2022 | +9.3% | +14.5% |
| 2023 | +3.8% | +23.3% |
| 2024 | -20.7% | +45.0% |
| 2025 | +18.6% | +40.1% |
| 2026 | +27.5% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and CASY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BG and CASY?
As of 2026-08-27, the correlation of weekly returns between BG and CASY is 0.22 over 3 years, 0.26 over 1 year and 0.20 over 5 years.
Is CASY a good diversifier for BG?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/bg-vs-casy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bg-vs-casy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BG correlations · CASY correlations
