BG vs MKTX: Correlation
Measured on weekly returns over the past three years, Bunge Global (BG) and MarketAxess Holdings, Inc. (MKTX) 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 MKTX?
Over the past 3 years, BG and MKTX moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -300.2 %².
Among the 37 assets we track against BG, MKTX sits near the bottom by co-movement, at rank #36. Correlation aside, the last 12 months split them widely, with BG ahead by 46.9 points (+35.2% versus -11.7%).
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 MKTX: side by side
| BG (Bunge Global) | MKTX (MarketAxess Holdings, Inc.) | |
|---|---|---|
| 1-year return | +35.2% | -11.7% |
| 5-year return | +68.5% | -63.7% |
| Volatility (ann.) | 30.7% | 37.8% |
| Beta vs S&P 500 | 0.09 | 0.21 |
| Max drawdown (3Y) | -38.8% | -61.8% |
| Market cap | $21.4B | $5.7B |
| P/E (trailing) | 24.4 | 19.2 |
| Dividend yield | 2.51% | 1.90% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | MKTX |
|---|---|---|
| 2022 | +9.3% | -31.5% |
| 2023 | +3.8% | +6.1% |
| 2024 | -20.7% | -21.8% |
| 2025 | +18.6% | -18.5% |
| 2026 | +27.5% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and MKTX good diversifiers for each other?
Yes. With a correlation of -0.26, BG and MKTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BG and MKTX?
As of 2026-08-27, the correlation of weekly returns between BG and MKTX is -0.26 over 3 years, -0.35 over 1 year and -0.16 over 5 years.
Is MKTX a good diversifier for BG?
Yes. With a correlation of -0.26, BG and MKTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bg-vs-mktx.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BG correlations · MKTX correlations
