BG vs PSX: Correlation
How closely do Bunge Global (BG) and Phillips 66 (PSX) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and PSX?
Across a 3-year window, the weekly returns of BG and PSX correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 387.7 %².
Among the 37 assets we track against BG, PSX ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PSX ahead by 51.0 points (+35.2% versus +86.2%). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.49.
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 PSX: side by side
| BG (Bunge Global) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | +35.2% | +86.2% |
| 5-year return | +68.5% | +301.8% |
| Volatility (ann.) | 30.7% | 33.4% |
| Beta vs S&P 500 | 0.09 | 0.58 |
| Max drawdown (3Y) | -38.8% | -44.4% |
| Market cap | $21.4B | $96.1B |
| P/E (trailing) | 24.4 | 13.8 |
| Dividend yield | 2.51% | 2.04% |
| Sector / category | Consumer Staples | Energy |
Year-by-year returns
| Year | BG | PSX |
|---|---|---|
| 2022 | +9.3% | +49.6% |
| 2023 | +3.8% | +33.1% |
| 2024 | -20.7% | -11.6% |
| 2025 | +18.6% | +17.5% |
| 2026 | +27.5% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and PSX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BG and PSX?
As of 2026-08-27, the correlation of weekly returns between BG and PSX is 0.38 over 3 years, 0.36 over 1 year and 0.39 over 5 years.
Is PSX a good diversifier for BG?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bg-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BG correlations · PSX correlations
