BG vs HAL: Correlation
How closely do Bunge Global (BG) and Halliburton (HAL) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and HAL?
Over the past 3 years, BG and HAL moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 435.0 %².
Within BG's tracked universe of 37 assets, HAL comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAL outperformed by 27.6 percentage points (+35.2% for BG against +62.8% for HAL). Across three years, the rolling one-year figure varied moderately, from 0.20 to 0.51.
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 HAL: side by side
| BG (Bunge Global) | HAL (Halliburton) | |
|---|---|---|
| 1-year return | +35.2% | +62.8% |
| 5-year return | +68.5% | +93.6% |
| Volatility (ann.) | 30.7% | 38.0% |
| Beta vs S&P 500 | 0.09 | 0.55 |
| Max drawdown (3Y) | -38.8% | -54.0% |
| Market cap | $21.4B | $29.6B |
| P/E (trailing) | 24.4 | 18.0 |
| Dividend yield | 2.51% | 1.97% |
| Sector / category | Consumer Staples | Energy |
Year-by-year returns
| Year | BG | HAL |
|---|---|---|
| 2022 | +9.3% | +74.5% |
| 2023 | +3.8% | -6.5% |
| 2024 | -20.7% | -23.2% |
| 2025 | +18.6% | +7.0% |
| 2026 | +27.5% | +26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and HAL good diversifiers for each other?
Reasonably. At 0.37, BG and HAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BG and HAL?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.34 over the last year and 0.44 over 5 years.
Is HAL a good diversifier for BG?
Reasonably. At 0.37, BG and HAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-hal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bg-vs-hal/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BG correlations · HAL correlations
