BGS vs SIBN: Correlation
B&G Foods, Inc. (BGS) and SI-BONE, Inc. (SIBN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGS and SIBN?
Over the past 3 years, BGS and SIBN moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.21 over 3. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -584.9 %².
Among the 15 assets we track against BGS, SIBN ranks #10 by 3-year correlation. The last year tells two different stories: SIBN led by 26.9 percentage points, -11.2% for BGS against +15.7% for SIBN.
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 SIBN: side by side
| BGS (B&G Foods, Inc.) | SIBN (SI-BONE, Inc.) | |
|---|---|---|
| 1-year return | -11.2% | +15.7% |
| 5-year return | -80.9% | -19.1% |
| Volatility (ann.) | 54.4% | 52.2% |
| Beta vs S&P 500 | 0.09 | 0.73 |
| Max drawdown (3Y) | -63.6% | -49.3% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 18.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGS | SIBN |
|---|---|---|
| 2022 | -60.7% | -38.8% |
| 2023 | +0.3% | +54.3% |
| 2024 | -28.3% | -33.2% |
| 2025 | -26.8% | +40.7% |
| 2026 | -14.2% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGS and SIBN good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BGS and SIBN?
The BGS/SIBN correlation stands at -0.21 on a 3-year window (1 year: -0.27, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is SIBN a good diversifier for BGS?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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
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Related comparisons
Hubs: BGS correlations · SIBN correlations
