BON vs TECK: Correlation
How closely do Bon Natural Life Limited - Class A (BON) and Teck Resources Ltd (TECK) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and TECK?
On 3 years of weekly data the BON/TECK correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 1343.1 %².
In BON's tracked universe of 12 assets, TECK sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months TECK outperformed by 133.4 percentage points (-18.0% for BON against +115.4% for TECK). One caveat on sizing: BON is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BON vs TECK: side by side
| BON (Bon Natural Life Limited - Class A) | TECK (Teck Resources Ltd) | |
|---|---|---|
| 1-year return | -18.0% | +115.4% |
| 5-year return | -100.0% | +233.4% |
| Volatility (ann.) | 94.3% | 40.4% |
| Beta vs S&P 500 | 1.69 | 1.47 |
| Max drawdown (3Y) | -99.4% | -46.1% |
| Market cap | – | $34.6B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BON | TECK |
|---|---|---|
| 2022 | -76.2% | +33.8% |
| 2023 | -48.9% | +14.0% |
| 2024 | -67.2% | -2.6% |
| 2025 | -96.4% | +19.0% |
| 2026 | -28.3% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and TECK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BON and TECK?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.34 over the last year and 0.26 over 5 years.
Is TECK a good diversifier for BON?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bon-vs-teck.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bon-vs-teck/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BON correlations · TECK correlations
