BJRI vs LOCO: Correlation
How closely do BJ's Restaurants, Inc. (BJRI) and El Pollo Loco Holdings, Inc. (LOCO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and LOCO?
On 3 years of weekly data the BJRI/LOCO correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 644.5 %².
Within BJRI's tracked universe of 16 assets, LOCO comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BJRI outperformed by 43.8 percentage points (+86.1% for BJRI against +42.3% for LOCO).
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 LOCO: side by side
| BJRI (BJ's Restaurants, Inc.) | LOCO (El Pollo Loco Holdings, Inc.) | |
|---|---|---|
| 1-year return | +86.1% | +42.3% |
| 5-year return | +50.0% | -3.0% |
| Volatility (ann.) | 41.5% | 33.9% |
| Beta vs S&P 500 | 1.20 | 0.82 |
| Max drawdown (3Y) | -38.7% | -35.9% |
| Market cap | $1.4B | $0.5B |
| P/E (trailing) | 33.7 | 13.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJRI | LOCO |
|---|---|---|
| 2022 | -23.6% | -19.0% |
| 2023 | +36.5% | -11.4% |
| 2024 | -2.4% | +30.8% |
| 2025 | +12.1% | -9.4% |
| 2026 | +61.7% | +45.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and LOCO good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJRI and LOCO?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.48 over the last year and 0.46 over 5 years.
Is LOCO a good diversifier for BJRI?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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-loco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bjri-vs-loco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · LOCO correlations
