BG vs OLN: Correlation
Measured on weekly returns over the past three years, Bunge Global (BG) and Olin Corporation (OLN) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and OLN?
On 3 years of weekly data the BG/OLN correlation comes out at 0.37, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.37 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 519.0 %².
Among the 37 assets we track against BG, OLN ranks #14 by 3-year correlation. The last year tells two different stories: BG led by 58.5 percentage points, +35.2% for BG against -23.3% for OLN.
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 OLN: side by side
| BG (Bunge Global) | OLN (Olin Corporation) | |
|---|---|---|
| 1-year return | +35.2% | -23.3% |
| 5-year return | +68.5% | -62.2% |
| Volatility (ann.) | 30.7% | 45.4% |
| Beta vs S&P 500 | 0.09 | 1.04 |
| Max drawdown (3Y) | -38.8% | -69.3% |
| Market cap | $21.4B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 2.51% | 4.62% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | OLN |
|---|---|---|
| 2022 | +9.3% | -6.6% |
| 2023 | +3.8% | +3.5% |
| 2024 | -20.7% | -36.3% |
| 2025 | +18.6% | -36.2% |
| 2026 | +27.5% | -15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and OLN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BG and OLN?
As of 2026-08-27, the correlation of weekly returns between BG and OLN is 0.37 over 3 years, 0.59 over 1 year and 0.40 over 5 years.
Is OLN a good diversifier for BG?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined 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-oln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bg-vs-oln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BG correlations · OLN correlations
