BLMN vs CAKE: Correlation
Bloomin' Brands, Inc. (BLMN) and The Cheesecake Factory Incorporated (CAKE) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and CAKE?
Over the past 3 years, BLMN and CAKE moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 1135.4 %².
Within BLMN's tracked universe of 20 assets, CAKE comes in at #4 by 3-year correlation. The last year tells two different stories: CAKE led by 37.3 percentage points, +43.8% for BLMN against +81.1% for CAKE. Risk is not evenly split, since BLMN carries 1.8 times the volatility of the other side.
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.
BLMN vs CAKE: side by side
| BLMN (Bloomin' Brands, Inc.) | CAKE (The Cheesecake Factory Incorporated) | |
|---|---|---|
| 1-year return | +43.8% | +81.1% |
| 5-year return | -53.9% | +170.4% |
| Volatility (ann.) | 61.1% | 34.8% |
| Beta vs S&P 500 | 1.23 | 0.93 |
| Max drawdown (3Y) | -80.5% | -36.4% |
| Market cap | $0.9B | $5.5B |
| P/E (trailing) | 32.6 | 31.2 |
| Dividend yield | 1.35% | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLMN | CAKE |
|---|---|---|
| 2022 | -1.7% | -17.0% |
| 2023 | +45.5% | +14.0% |
| 2024 | -54.4% | +39.3% |
| 2025 | -46.6% | +8.6% |
| 2026 | +69.2% | +120.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and CAKE good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLMN and CAKE?
The BLMN/CAKE correlation stands at 0.53 on a 3-year window (1 year: 0.58, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is CAKE a good diversifier for BLMN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/blmn-vs-cake.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blmn-vs-cake/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLMN correlations · CAKE correlations
