BG vs HYPR: Correlation
Measured on weekly returns over the past three years, Bunge Global (BG) and Hyperfine, Inc. (HYPR) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and HYPR?
Over the past 3 years, BG and HYPR moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -664.3 %².
Out of 37 assets tracked against BG, HYPR lands near the bottom at #35. The last year tells two different stories: BG led by 67.0 percentage points, +35.2% for BG against -31.8% for HYPR. Note the risk asymmetry: HYPR runs 2.7 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 HYPR: side by side
| BG (Bunge Global) | HYPR (Hyperfine, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -31.8% |
| 5-year return | +68.5% | -91.4% |
| Volatility (ann.) | 30.7% | 82.0% |
| Beta vs S&P 500 | 0.09 | 1.26 |
| Max drawdown (3Y) | -38.8% | -73.7% |
| Market cap | $21.4B | $0.1B |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 2.51% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | HYPR |
|---|---|---|
| 2022 | +9.3% | -88.4% |
| 2023 | +3.8% | +33.3% |
| 2024 | -20.7% | -21.4% |
| 2025 | +18.6% | +11.2% |
| 2026 | +27.5% | -13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and HYPR good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BG and HYPR?
As of 2026-08-27, the correlation of weekly returns between BG and HYPR is -0.26 over 3 years, -0.32 over 1 year and -0.12 over 5 years.
Is HYPR a good diversifier for BG?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-hypr.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BG correlations · HYPR correlations
