BDL vs RTB: Correlation
Flanigan's Enterprises, Inc. (BDL) and RTB Digital, Inc. (RTB) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDL and RTB?
On 3 years of weekly data the BDL/RTB correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.35). The 5-year figure is 0.28, and annualized covariance runs at 2046.0 %².
In BDL's tracked universe of 12 assets, RTB sits right near the top at #2. Correlation aside, the last 12 months split them widely, with BDL ahead by 48.4 points (+63.9% versus +15.5%). One caveat on sizing: RTB is 3.8 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.
BDL vs RTB: side by side
| BDL (Flanigan's Enterprises, Inc.) | RTB (RTB Digital, Inc.) | |
|---|---|---|
| 1-year return | +63.9% | +15.5% |
| 5-year return | +118.2% | -99.6% |
| Volatility (ann.) | 39.5% | 150.2% |
| Beta vs S&P 500 | 0.37 | 2.93 |
| Max drawdown (3Y) | -30.5% | -99.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDL | RTB |
|---|---|---|
| 2022 | -13.7% | -89.0% |
| 2023 | +0.8% | -9.6% |
| 2024 | +0.0% | -68.8% |
| 2025 | +19.2% | -87.7% |
| 2026 | +64.1% | +131.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDL and RTB good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BDL and RTB?
The BDL/RTB correlation stands at 0.35 on a 3-year window (1 year: 0.58, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is RTB a good diversifier for BDL?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bdl-vs-rtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdl-vs-rtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDL correlations · RTB correlations
