AGL vs BLMN: Correlation
How closely do agilon health, inc. (AGL) and Bloomin' Brands, Inc. (BLMN) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGL and BLMN?
On 3 years of weekly data the AGL/BLMN correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 3112.6 %².
Within AGL's tracked universe of 14 assets, BLMN comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AGL ahead by 146.0 points (+189.8% versus +43.8%). One caveat on sizing: AGL is 2.1 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.
AGL vs BLMN: side by side
| AGL (agilon health, inc.) | BLMN (Bloomin' Brands, Inc.) | |
|---|---|---|
| 1-year return | +189.8% | +43.8% |
| 5-year return | -90.0% | -53.9% |
| Volatility (ann.) | 126.1% | 61.1% |
| Beta vs S&P 500 | 1.73 | 1.23 |
| Max drawdown (3Y) | -98.4% | -80.5% |
| Market cap | $1.6B | $0.9B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | 0.00% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGL | BLMN |
|---|---|---|
| 2022 | -40.2% | -1.7% |
| 2023 | -22.2% | +45.5% |
| 2024 | -84.9% | -54.4% |
| 2025 | -63.7% | -46.6% |
| 2026 | +446.8% | +69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGL and BLMN good diversifiers for each other?
Reasonably. At 0.40, AGL and BLMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGL and BLMN?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.49 over the last year and 0.35 over 5 years.
Is BLMN a good diversifier for AGL?
Reasonably. At 0.40, AGL and BLMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/agl-vs-blmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agl-vs-blmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGL correlations · BLMN correlations
