BG vs FBYD: Correlation
Bunge Global (BG) and Falcon's Beyond Global, Inc. (FBYD) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and FBYD?
Across a 3-year window, the weekly returns of BG and FBYD correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1029.5 %².
Within BG's tracked universe of 37 assets, FBYD comes in at #31 by 3-year correlation. The trailing year gives FBYD the advantage: +35.2% versus +40.3%, a 5.1-point spread. Note the risk asymmetry: FBYD runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 FBYD: side by side
| BG (Bunge Global) | FBYD (Falcon's Beyond Global, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | +40.3% |
| 5-year return | +68.5% | n/a |
| Volatility (ann.) | 30.7% | 137.7% |
| Beta vs S&P 500 | 0.09 | 0.37 |
| Max drawdown (3Y) | -38.8% | -81.2% |
| Market cap | $21.4B | $0.5B |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 2.51% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | FBYD |
|---|---|---|
| 2022 | +9.3% | – |
| 2023 | +3.8% | – |
| 2024 | -20.7% | -22.0% |
| 2025 | +18.6% | +87.8% |
| 2026 | +27.5% | -33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and FBYD good diversifiers for each other?
Yes. With a correlation of -0.24, BG and FBYD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BG and FBYD?
The BG/FBYD correlation stands at -0.24 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FBYD a good diversifier for BG?
Yes. With a correlation of -0.24, BG and FBYD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: BG correlations · FBYD correlations
