BG vs DAR: Correlation
How closely do Bunge Global (BG) and Darling Ingredients Inc. (DAR) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and DAR?
Over the past 3 years, BG and DAR moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 491.0 %².
Within BG's tracked universe of 37 assets, DAR comes in at #4 by 3-year correlation. The last year tells two different stories: DAR led by 43.1 percentage points, +35.2% for BG against +78.3% for DAR.
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 DAR: side by side
| BG (Bunge Global) | DAR (Darling Ingredients Inc.) | |
|---|---|---|
| 1-year return | +35.2% | +78.3% |
| 5-year return | +68.5% | -19.2% |
| Volatility (ann.) | 30.7% | 37.8% |
| Beta vs S&P 500 | 0.09 | 0.63 |
| Max drawdown (3Y) | -38.8% | -56.0% |
| Market cap | $21.4B | $9.7B |
| P/E (trailing) | 24.4 | 16.8 |
| Dividend yield | 2.51% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | DAR |
|---|---|---|
| 2022 | +9.3% | -9.7% |
| 2023 | +3.8% | -20.4% |
| 2024 | -20.7% | -32.4% |
| 2025 | +18.6% | +6.9% |
| 2026 | +27.5% | +70.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and DAR good diversifiers for each other?
Reasonably. At 0.42, BG and DAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BG and DAR?
The BG/DAR correlation stands at 0.42 on a 3-year window (1 year: 0.50, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is DAR a good diversifier for BG?
Reasonably. At 0.42, BG and DAR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bg-vs-dar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bg-vs-dar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BG correlations · DAR correlations
