BG vs TSN: Correlation
How closely do Bunge Global (BG) and Tyson Foods (TSN) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and TSN?
On 3 years of weekly data the BG/TSN correlation comes out at 0.22, weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 153.9 %².
Among the 37 assets we track against BG, TSN ranks #21 by 3-year correlation. The last year tells two different stories: BG led by 35.5 percentage points, +35.2% for BG against -0.3% for TSN. Across three years, the rolling one-year figure varied moderately, from 0.08 to 0.33.
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 TSN: side by side
| BG (Bunge Global) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +35.2% | -0.3% |
| 5-year return | +68.5% | -17.3% |
| Volatility (ann.) | 30.7% | 22.8% |
| Beta vs S&P 500 | 0.09 | 0.19 |
| Max drawdown (3Y) | -38.8% | -20.3% |
| Market cap | $21.4B | $19.5B |
| P/E (trailing) | 24.4 | 35.0 |
| Dividend yield | 2.51% | 0.88% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BG | TSN |
|---|---|---|
| 2022 | +9.3% | -26.9% |
| 2023 | +3.8% | -10.4% |
| 2024 | -20.7% | +10.5% |
| 2025 | +18.6% | +5.7% |
| 2026 | +27.5% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and TSN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BG and TSN?
As of 2026-08-27, the correlation of weekly returns between BG and TSN is 0.22 over 3 years, 0.23 over 1 year and 0.22 over 5 years.
Is TSN a good diversifier for BG?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 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-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bg-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BG correlations · TSN correlations
