BGS vs SMG: Correlation
How closely do B&G Foods, Inc. (BGS) and Scotts Miracle-Gro Company (The) (SMG) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGS and SMG?
On 3 years of weekly data the BGS/SMG correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.44). The 5-year figure is 0.37, and annualized covariance runs at 939.2 %².
Few assets follow BGS as closely as SMG, which ranks #2 of 15 tracked partners. The trailing year gives SMG the advantage: -11.2% versus +1.8%, a 13.0-point spread.
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 SMG: side by side
| BGS (B&G Foods, Inc.) | SMG (Scotts Miracle-Gro Company (The)) | |
|---|---|---|
| 1-year return | -11.2% | +1.8% |
| 5-year return | -80.9% | -53.4% |
| Volatility (ann.) | 54.4% | 38.9% |
| Beta vs S&P 500 | 0.09 | 0.76 |
| Max drawdown (3Y) | -63.6% | -47.4% |
| Market cap | $0.3B | $3.5B |
| P/E (trailing) | – | 23.4 |
| Dividend yield | 18.84% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGS | SMG |
|---|---|---|
| 2022 | -60.7% | -68.8% |
| 2023 | +0.3% | +36.9% |
| 2024 | -28.3% | +8.3% |
| 2025 | -26.8% | -8.0% |
| 2026 | -14.2% | +7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGS and SMG good diversifiers for each other?
Reasonably. At 0.44, BGS and SMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGS and SMG?
As of 2026-08-27, the correlation of weekly returns between BGS and SMG is 0.44 over 3 years, 0.28 over 1 year and 0.37 over 5 years.
Is SMG a good diversifier for BGS?
Reasonably. At 0.44, BGS and SMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-smg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgs-vs-smg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGS correlations · SMG correlations
