You have to look at what "correlation" is...
If we take the statistic wording for it, there is simply no way that your bcd going BANG! is correlated to spg going BANG as well.
But if it's due to poor maintenance of gear, you can expect someone to give roughly the same maintenance to all its gear. So if such a person's mouthpiece goes on the main reg, there is a chance that it happens on the backup as well, which you could assume is "higher" than normal, because since it has had the same treatment as the other, and the other went, with them having the same story, the likelyhood of it breaking increases.
Another example where issue 1 increases the likelihood of issue 2:
- your reg freeflows real bad, that's issue n°1
- you kind of suck at fixing it, you're now out of air, issue n°2.
Issue n°2 is obviously dependant on n°1, as it would have been unlikely to happen without it. But n°2 doesn't increase n°1 probability, so it's not exactly correlation, but it goes in the "cascading effect" you mention.
So imo, no such thing as "we had one issue, so there comes the other". My reg breaking won't cause yours to break. (but don't forget Murphy)
But, I'll end this with:
- I hate statistics, you'll have to get RJP over here, he'll even go and make a survey, you'll see!
- I'm far from being an expert in diving (or anything else)