BGS vs WBUY: Correlation
How closely do B&G Foods, Inc. (BGS) and WEBUY GLOBAL LTD. - Class A (WBUY) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGS and WBUY?
On 3 years of weekly data the BGS/WBUY correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.33). The 5-year figure is n/a, and annualized covariance runs at -3444.6 %².
Among the 15 assets we track against BGS, WBUY sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with BGS ahead by 61.4 points (-11.2% versus -72.6%). Note the risk asymmetry: WBUY runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 WBUY: side by side
| BGS (B&G Foods, Inc.) | WBUY (WEBUY GLOBAL LTD. - Class A) | |
|---|---|---|
| 1-year return | -11.2% | -72.6% |
| 5-year return | -80.9% | n/a |
| Volatility (ann.) | 54.4% | 193.8% |
| Beta vs S&P 500 | 0.09 | 1.81 |
| Max drawdown (3Y) | -63.6% | -99.9% |
| 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 | WBUY |
|---|---|---|
| 2022 | -60.7% | – |
| 2023 | +0.3% | – |
| 2024 | -28.3% | -66.1% |
| 2025 | -26.8% | -93.7% |
| 2026 | -14.2% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGS and WBUY good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGS and WBUY?
The BGS/WBUY correlation stands at -0.33 on a 3-year window (1 year: -0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WBUY a good diversifier for BGS?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BGS correlations · WBUY correlations
