BP vs SEB: Correlation
How closely do BP p.l.c. (BP) and Seaboard Corporation (SEB) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and SEB?
Over the past 3 years, BP and SEB moved with a correlation of 0.33, which is moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.33). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 285.8 %².
Among the 26 assets we track against BP, SEB ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BP ahead by 22.8 points (+27.6% versus +4.8%).
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 SEB: side by side
| BP (BP p.l.c.) | SEB (Seaboard Corporation) | |
|---|---|---|
| 1-year return | +27.6% | +4.8% |
| 5-year return | +119.9% | -4.5% |
| Volatility (ann.) | 26.6% | 32.8% |
| Beta vs S&P 500 | 0.06 | -0.07 |
| Max drawdown (3Y) | -30.6% | -37.7% |
| Market cap | $109.0B | $3.8B |
| P/E (trailing) | 20.3 | 6.0 |
| Dividend yield | 0.79% | 0.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | SEB |
|---|---|---|
| 2022 | +37.0% | -3.8% |
| 2023 | +6.0% | -5.2% |
| 2024 | -11.8% | -31.7% |
| 2025 | +24.5% | +83.5% |
| 2026 | +26.4% | -11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and SEB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BP and SEB?
As of 2026-08-27, the correlation of weekly returns between BP and SEB is 0.33 over 3 years, 0.45 over 1 year and 0.32 over 5 years.
Is SEB a good diversifier for BP?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-seb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bp-vs-seb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BP correlations · SEB correlations
