BG vs XOM: Correlation
Bunge Global (BG) and ExxonMobil (XOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and XOM?
On 3 years of weekly data the BG/XOM correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 273.1 %².
Among the 37 assets we track against BG, XOM ranks #15 by 3-year correlation. On 12-month performance XOM holds a 7.6-point edge, +35.2% against +42.8%. Across three years, the rolling one-year figure varied moderately, from 0.15 to 0.45.
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 XOM: side by side
| BG (Bunge Global) | XOM (ExxonMobil) | |
|---|---|---|
| 1-year return | +35.2% | +42.8% |
| 5-year return | +68.5% | +237.9% |
| Volatility (ann.) | 30.7% | 24.3% |
| Beta vs S&P 500 | 0.09 | 0.01 |
| Max drawdown (3Y) | -38.8% | -20.1% |
| Market cap | $21.4B | $643.3B |
| P/E (trailing) | 24.4 | 20.1 |
| Dividend yield | 2.51% | 2.58% |
| Sector / category | Consumer Staples | Energy |
Year-by-year returns
| Year | BG | XOM |
|---|---|---|
| 2022 | +9.3% | +87.4% |
| 2023 | +3.8% | -6.3% |
| 2024 | -20.7% | +11.3% |
| 2025 | +18.6% | +16.0% |
| 2026 | +27.5% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and XOM good diversifiers for each other?
Reasonably. At 0.37, BG and XOM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BG and XOM?
The BG/XOM correlation stands at 0.37 on a 3-year window (1 year: 0.35, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is XOM a good diversifier for BG?
Reasonably. At 0.37, BG and XOM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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 · XOM correlations
