BG vs MUR: Correlation
Measured on weekly returns over the past three years, Bunge Global (BG) and Murphy Oil Corporation (MUR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and MUR?
On 3 years of weekly data the BG/MUR correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.39 over 3. The 5-year figure is 0.44, and annualized covariance runs at 477.5 %².
Within BG's tracked universe of 37 assets, MUR comes in at #8 by 3-year correlation. The last year tells two different stories: MUR led by 16.5 percentage points, +35.2% for BG against +51.7% for MUR.
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 MUR: side by side
| BG (Bunge Global) | MUR (Murphy Oil Corporation) | |
|---|---|---|
| 1-year return | +35.2% | +51.7% |
| 5-year return | +68.5% | +96.7% |
| Volatility (ann.) | 30.7% | 39.7% |
| Beta vs S&P 500 | 0.09 | 0.16 |
| Max drawdown (3Y) | -38.8% | -58.5% |
| Market cap | $21.4B | $5.2B |
| P/E (trailing) | 24.4 | 17.2 |
| Dividend yield | 2.51% | 3.89% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | MUR |
|---|---|---|
| 2022 | +9.3% | +68.5% |
| 2023 | +3.8% | +2.0% |
| 2024 | -20.7% | -26.8% |
| 2025 | +18.6% | +8.7% |
| 2026 | +27.5% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and MUR good diversifiers for each other?
Reasonably. At 0.39, BG and MUR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BG and MUR?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.35 over the last year and 0.44 over 5 years.
Is MUR a good diversifier for BG?
Reasonably. At 0.39, BG and MUR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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-mur.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bg-vs-mur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BG correlations · MUR correlations
