BG vs SEGG: Correlation
How closely do Bunge Global (BG) and Sports Entertainment Gaming Global Corporation (SEGG) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and SEGG?
On 3 years of weekly data the BG/SEGG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.24 over 3. The 5-year figure is n/a, and annualized covariance runs at -2889.7 %².
SEGG is close to the least connected end of BG's tracked universe, ranking #33 of 37. Correlation aside, the last 12 months split them widely, with BG ahead by 92.0 points (+35.2% versus -56.8%). One caveat on sizing: SEGG is 12.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SEGG: side by side
| BG (Bunge Global) | SEGG (Sports Entertainment Gaming Global Corporation) | |
|---|---|---|
| 1-year return | +35.2% | -56.8% |
| 5-year return | +68.5% | n/a |
| Volatility (ann.) | 30.7% | 389.2% |
| Beta vs S&P 500 | 0.09 | 0.24 |
| Max drawdown (3Y) | -38.8% | -98.9% |
| Market cap | $21.4B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 2.51% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | SEGG |
|---|---|---|
| 2022 | +9.3% | – |
| 2023 | +3.8% | – |
| 2024 | -20.7% | -82.1% |
| 2025 | +18.6% | -84.9% |
| 2026 | +27.5% | +274.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and SEGG good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BG and SEGG?
As of 2026-08-27, the correlation of weekly returns between BG and SEGG is -0.24 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is SEGG a good diversifier for BG?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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-segg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bg-vs-segg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BG correlations · SEGG correlations
