BJRI vs BLMN: Correlation
BJ's Restaurants, Inc. (BJRI) and Bloomin' Brands, Inc. (BLMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and BLMN?
Over the past 3 years, BJRI and BLMN moved with a correlation of 0.54, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.54 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 1377.7 %².
BLMN is one of the assets that tracks BJRI most closely: it ranks #3 out of the 16 assets we track against BJRI. Correlation aside, the last 12 months split them widely, with BJRI ahead by 42.3 points (+86.1% versus +43.8%).
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.
BJRI vs BLMN: side by side
| BJRI (BJ's Restaurants, Inc.) | BLMN (Bloomin' Brands, Inc.) | |
|---|---|---|
| 1-year return | +86.1% | +43.8% |
| 5-year return | +50.0% | -53.9% |
| Volatility (ann.) | 41.5% | 61.1% |
| Beta vs S&P 500 | 1.20 | 1.23 |
| Max drawdown (3Y) | -38.7% | -80.5% |
| Market cap | $1.4B | $0.9B |
| P/E (trailing) | 33.7 | 32.6 |
| Dividend yield | 0.00% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | BLMN |
|---|---|---|
| 2022 | -23.6% | -1.7% |
| 2023 | +36.5% | +45.5% |
| 2024 | -2.4% | -54.4% |
| 2025 | +12.1% | -46.6% |
| 2026 | +61.7% | +69.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and BLMN good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BJRI and BLMN?
As of 2026-08-27, the correlation of weekly returns between BJRI and BLMN is 0.54 over 3 years, 0.66 over 1 year and 0.58 over 5 years.
Is BLMN a good diversifier for BJRI?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/bjri-vs-blmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bjri-vs-blmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · BLMN correlations
