BGR vs SU: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and Suncor Energy Inc. (SU) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and SU?
Across a 3-year window, the weekly returns of BGR and SU correlate at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.81 over 3. Stretching to 5 years gives 0.81, with an annualized covariance of 466.1 %².
Few assets follow BGR as closely as SU, which ranks #3 of 19 tracked partners. Correlation aside, the last 12 months split them widely, with SU ahead by 29.0 points (+35.3% versus +64.3%).
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 SU: side by side
| BGR (BlackRock Energy and Resources Trust) | SU (Suncor Energy Inc.) | |
|---|---|---|
| 1-year return | +35.3% | +64.3% |
| 5-year return | +165.0% | +325.4% |
| Volatility (ann.) | 19.7% | 29.1% |
| Beta vs S&P 500 | 0.21 | 0.13 |
| Max drawdown (3Y) | -18.3% | -22.7% |
| Market cap | $0.4B | $78.4B |
| P/E (trailing) | 10.8 | 12.1 |
| Dividend yield | 6.86% | 3.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGR | SU |
|---|---|---|
| 2022 | +38.9% | +32.3% |
| 2023 | +5.8% | +6.0% |
| 2024 | +8.1% | +16.2% |
| 2025 | +17.3% | +27.1% |
| 2026 | +30.7% | +51.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and SU good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BGR and SU?
The BGR/SU correlation stands at 0.81 on a 3-year window (1 year: 0.83, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is SU a good diversifier for BGR?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 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/bgr-vs-su.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgr-vs-su/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGR correlations · SU correlations
