BGI vs CART: Correlation
Measured on weekly returns over the past three years, Birks Group Inc. (BGI) and Maplebear Inc. (CART) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGI and CART?
Over the past 3 years, BGI and CART moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -600.2 %².
Out of 10 assets tracked against BGI, CART lands near the bottom at #9. The last year tells two different stories: CART led by 68.0 percentage points, -51.4% for BGI against +16.6% for CART. Risk is not evenly split, since BGI carries 1.6 times the volatility of the other side.
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.
BGI vs CART: side by side
| BGI (Birks Group Inc.) | CART (Maplebear Inc.) | |
|---|---|---|
| 1-year return | -51.4% | +16.6% |
| 5-year return | -88.1% | n/a |
| Volatility (ann.) | 64.1% | 39.6% |
| Beta vs S&P 500 | 0.38 | 0.96 |
| Max drawdown (3Y) | -93.1% | -38.0% |
| Market cap | – | $11.7B |
| P/E (trailing) | – | 27.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGI | CART |
|---|---|---|
| 2022 | +63.5% | – |
| 2023 | -40.9% | – |
| 2024 | -65.7% | +76.5% |
| 2025 | -44.1% | +8.6% |
| 2026 | -61.1% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGI and CART good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGI and CART?
The BGI/CART correlation stands at -0.24 on a 3-year window (1 year: -0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is CART a good diversifier for BGI?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgi-vs-cart.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgi-vs-cart/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGI correlations · CART correlations
