BGR vs MEOH: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and Methanex Corporation (MEOH) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and MEOH?
On 3 years of weekly data the BGR/MEOH correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 429.9 %².
Within BGR's tracked universe of 19 assets, MEOH comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEOH outperformed by 31.8 percentage points (+35.3% for BGR against +67.1% for MEOH). Risk is not evenly split, since MEOH carries 2.1 times the volatility of the other side.
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.
BGR vs MEOH: side by side
| BGR (BlackRock Energy and Resources Trust) | MEOH (Methanex Corporation) | |
|---|---|---|
| 1-year return | +35.3% | +67.1% |
| 5-year return | +165.0% | +74.8% |
| Volatility (ann.) | 19.7% | 40.4% |
| Beta vs S&P 500 | 0.21 | 0.54 |
| Max drawdown (3Y) | -18.3% | -52.2% |
| Market cap | $0.4B | $4.5B |
| P/E (trailing) | 10.8 | 66.3 |
| Dividend yield | 6.86% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGR | MEOH |
|---|---|---|
| 2022 | +38.9% | -2.8% |
| 2023 | +5.8% | +27.3% |
| 2024 | +8.1% | +7.3% |
| 2025 | +17.3% | -18.9% |
| 2026 | +30.7% | +47.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and MEOH good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGR and MEOH?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.51 over the last year and 0.59 over 5 years.
Is MEOH a good diversifier for BGR?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/bgr-vs-meoh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgr-vs-meoh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGR correlations · MEOH correlations
