BJRI vs CAKE: Correlation
BJ's Restaurants, Inc. (BJRI) and The Cheesecake Factory Incorporated (CAKE) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and CAKE?
Over the past 3 years, BJRI and CAKE moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 857.0 %².
In BJRI's tracked universe of 16 assets, CAKE sits right near the top at #1. Over the last 12 months BJRI came out ahead by 5.0 percentage points (+86.1% against +81.1%).
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 CAKE: side by side
| BJRI (BJ's Restaurants, Inc.) | CAKE (The Cheesecake Factory Incorporated) | |
|---|---|---|
| 1-year return | +86.1% | +81.1% |
| 5-year return | +50.0% | +170.4% |
| Volatility (ann.) | 41.5% | 34.8% |
| Beta vs S&P 500 | 1.20 | 0.93 |
| Max drawdown (3Y) | -38.7% | -36.4% |
| Market cap | $1.4B | $5.5B |
| P/E (trailing) | 33.7 | 31.2 |
| Dividend yield | 0.00% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | CAKE |
|---|---|---|
| 2022 | -23.6% | -17.0% |
| 2023 | +36.5% | +14.0% |
| 2024 | -2.4% | +39.3% |
| 2025 | +12.1% | +8.6% |
| 2026 | +61.7% | +120.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and CAKE good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BJRI and CAKE?
As of 2026-08-27, the correlation of weekly returns between BJRI and CAKE is 0.59 over 3 years, 0.57 over 1 year and 0.71 over 5 years.
Is CAKE a good diversifier for BJRI?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/bjri-vs-cake.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bjri-vs-cake/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · CAKE correlations
