BP vs IFF: Correlation
BP p.l.c. (BP) and International Flavors & Fragrances (IFF) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and IFF?
Over the past 3 years, BP and IFF moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.20 over 3 years. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -154.2 %².
Within BP's tracked universe of 26 assets, IFF comes in at #15 by 3-year correlation. The trailing year gives IFF the advantage: +27.6% versus +33.2%, a 5.6-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.
BP vs IFF: side by side
| BP (BP p.l.c.) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +27.6% | +33.2% |
| 5-year return | +119.9% | -34.3% |
| Volatility (ann.) | 26.6% | 29.5% |
| Beta vs S&P 500 | 0.06 | 0.69 |
| Max drawdown (3Y) | -30.6% | -42.6% |
| Market cap | $109.0B | $22.2B |
| P/E (trailing) | 20.3 | – |
| Dividend yield | 0.79% | 1.84% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | BP | IFF |
|---|---|---|
| 2022 | +37.0% | -28.3% |
| 2023 | +6.0% | -19.5% |
| 2024 | -11.8% | +6.3% |
| 2025 | +24.5% | -18.4% |
| 2026 | +26.4% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and IFF good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BP and IFF?
The BP/IFF correlation stands at -0.20 on a 3-year window (1 year: -0.40, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for BP?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/bp-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bp-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · IFF correlations
