BG vs WPC: Correlation
Bunge Global (BG) and W. P. Carey Inc. REIT (WPC) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and WPC?
On 3 years of weekly data the BG/WPC correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.38 over 3. The 5-year figure is 0.32, and annualized covariance runs at 245.2 %².
By 3-year correlation, WPC places #11 of the 37 assets tracked against BG. The last year tells two different stories: BG led by 24.0 percentage points, +35.2% for BG against +11.2% for WPC.
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 WPC: side by side
| BG (Bunge Global) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +35.2% | +11.2% |
| 5-year return | +68.5% | +23.0% |
| Volatility (ann.) | 30.7% | 20.9% |
| Beta vs S&P 500 | 0.09 | 0.30 |
| Max drawdown (3Y) | -38.8% | -19.6% |
| Market cap | $21.4B | $16.0B |
| P/E (trailing) | 24.4 | 24.4 |
| Dividend yield | 2.51% | 5.20% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | WPC |
|---|---|---|
| 2022 | +9.3% | +0.5% |
| 2023 | +3.8% | -9.9% |
| 2024 | -20.7% | -10.6% |
| 2025 | +18.6% | +25.0% |
| 2026 | +27.5% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and WPC 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 WPC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.48 over the last year and 0.32 over 5 years.
Is WPC 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-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bg-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BG correlations · WPC correlations
