BJRI vs DXCM: Correlation
BJ's Restaurants, Inc. (BJRI) and Dexcom (DXCM) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and DXCM?
Over the past 3 years, BJRI and DXCM moved with a correlation of 0.45, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.45). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 864.4 %².
Among the 16 assets we track against BJRI, DXCM ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BJRI outperformed by 69.2 percentage points (+86.1% for BJRI against +16.9% for DXCM).
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 DXCM: side by side
| BJRI (BJ's Restaurants, Inc.) | DXCM (Dexcom) | |
|---|---|---|
| 1-year return | +86.1% | +16.9% |
| 5-year return | +50.0% | -31.5% |
| Volatility (ann.) | 41.5% | 46.7% |
| Beta vs S&P 500 | 1.20 | 1.02 |
| Max drawdown (3Y) | -38.7% | -61.0% |
| Market cap | $1.4B | $33.7B |
| P/E (trailing) | 33.7 | 35.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BJRI | DXCM |
|---|---|---|
| 2022 | -23.6% | -15.6% |
| 2023 | +36.5% | +9.6% |
| 2024 | -2.4% | -37.3% |
| 2025 | +12.1% | -14.7% |
| 2026 | +61.7% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and DXCM good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJRI and DXCM?
As of 2026-08-27, the correlation of weekly returns between BJRI and DXCM is 0.45 over 3 years, 0.25 over 1 year and 0.38 over 5 years.
Is DXCM a good diversifier for BJRI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-dxcm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bjri-vs-dxcm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · DXCM correlations
