BG vs TGT: Correlation
Measured on weekly returns over the past three years, Bunge Global (BG) and Target Corporation (TGT) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and TGT?
Over the past 3 years, BG and TGT moved with a correlation of 0.27, which is weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 267.9 %².
Among the 37 assets we track against BG, TGT ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 41.0 percentage points (+35.2% for BG against +76.2% for TGT). The rolling one-year correlation moved between 0.10 and 0.39 over the past three years, a moderate range.
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 TGT: side by side
| BG (Bunge Global) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +35.2% | +76.2% |
| 5-year return | +68.5% | -22.2% |
| Volatility (ann.) | 30.7% | 32.0% |
| Beta vs S&P 500 | 0.09 | 0.62 |
| Max drawdown (3Y) | -38.8% | -49.8% |
| Market cap | $21.4B | $75.4B |
| P/E (trailing) | 24.4 | 17.2 |
| Dividend yield | 2.51% | 2.78% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BG | TGT |
|---|---|---|
| 2022 | +9.3% | -34.2% |
| 2023 | +3.8% | -1.4% |
| 2024 | -20.7% | -2.3% |
| 2025 | +18.6% | -24.5% |
| 2026 | +27.5% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BG and TGT?
The BG/TGT correlation stands at 0.27 on a 3-year window (1 year: 0.27, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for BG?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BG correlations · TGT correlations
