BJRI vs CBRL: Correlation
Measured on weekly returns over the past three years, BJ's Restaurants, Inc. (BJRI) and Cracker Barrel Old Country Store, Inc. (CBRL) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and CBRL?
Over the past 3 years, BJRI and CBRL moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1155.7 %².
By 3-year correlation, CBRL places #6 of the 16 assets tracked against BJRI. Correlation aside, the last 12 months split them widely, with BJRI ahead by 95.4 points (+86.1% versus -9.3%).
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 CBRL: side by side
| BJRI (BJ's Restaurants, Inc.) | CBRL (Cracker Barrel Old Country Store, Inc.) | |
|---|---|---|
| 1-year return | +86.1% | -9.3% |
| 5-year return | +50.0% | -52.2% |
| Volatility (ann.) | 41.5% | 55.0% |
| Beta vs S&P 500 | 1.20 | 0.96 |
| Max drawdown (3Y) | -38.7% | -68.0% |
| Market cap | $1.4B | $1.2B |
| P/E (trailing) | 33.7 | 51.0 |
| Dividend yield | 0.00% | 1.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | CBRL |
|---|---|---|
| 2022 | -23.6% | -22.7% |
| 2023 | +36.5% | -14.0% |
| 2024 | -2.4% | -27.9% |
| 2025 | +12.1% | -50.9% |
| 2026 | +61.7% | +121.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and CBRL good diversifiers for each other?
To a limited degree. At 0.51 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 CBRL?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.61 over the last year and 0.54 over 5 years.
Is CBRL a good diversifier for BJRI?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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/bjri-vs-cbrl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bjri-vs-cbrl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · CBRL correlations
