BGS vs REFR: Correlation
B&G Foods, Inc. (BGS) and Research Frontiers Incorporated (REFR) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGS and REFR?
On 3 years of weekly data the BGS/REFR correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. The 5-year figure is -0.17, and annualized covariance runs at -1038.7 %².
Among the 15 assets we track against BGS, REFR sits near the bottom by co-movement, at rank #13. The last year tells two different stories: BGS led by 54.2 percentage points, -11.2% for BGS against -65.4% for REFR.
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.
BGS vs REFR: side by side
| BGS (B&G Foods, Inc.) | REFR (Research Frontiers Incorporated) | |
|---|---|---|
| 1-year return | -11.2% | -65.4% |
| 5-year return | -80.9% | -78.3% |
| Volatility (ann.) | 54.4% | 68.5% |
| Beta vs S&P 500 | 0.09 | 0.52 |
| Max drawdown (3Y) | -63.6% | -83.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 18.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGS | REFR |
|---|---|---|
| 2022 | -60.7% | +11.0% |
| 2023 | +0.3% | -47.1% |
| 2024 | -28.3% | +69.3% |
| 2025 | -26.8% | -23.4% |
| 2026 | -14.2% | -63.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGS and REFR good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGS and REFR?
The BGS/REFR correlation stands at -0.28 on a 3-year window (1 year: -0.20, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is REFR a good diversifier for BGS?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/bgs-vs-refr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgs-vs-refr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGS correlations · REFR correlations
