BG vs LGO: Correlation
How closely do Bunge Global (BG) and Largo Inc. (LGO) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and LGO?
Over the past 3 years, BG and LGO moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -354.7 %².
Among the 37 assets we track against BG, LGO ranks #24 by 3-year correlation. The last year tells two different stories: BG led by 86.4 percentage points, +35.2% for BG against -51.2% for LGO. Risk is not evenly split, since LGO carries 2.4 times the volatility of the other side.
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 LGO: side by side
| BG (Bunge Global) | LGO (Largo Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -51.2% |
| 5-year return | +68.5% | -94.6% |
| Volatility (ann.) | 30.7% | 72.9% |
| Beta vs S&P 500 | 0.09 | 0.94 |
| Max drawdown (3Y) | -38.8% | -83.8% |
| 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 | LGO |
|---|---|---|
| 2022 | +9.3% | -41.9% |
| 2023 | +3.8% | -57.1% |
| 2024 | -20.7% | -25.5% |
| 2025 | +18.6% | -45.3% |
| 2026 | +27.5% | -22.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and LGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BG and LGO?
As of 2026-08-27, the correlation of weekly returns between BG and LGO is -0.16 over 3 years, -0.25 over 1 year and 0.04 over 5 years.
Is LGO a good diversifier for BG?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BG correlations · LGO correlations
