BLMN vs DRI: Correlation
Measured on weekly returns over the past three years, Bloomin' Brands, Inc. (BLMN) and Darden Restaurants (DRI) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and DRI?
Across a 3-year window, the weekly returns of BLMN and DRI correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 665.5 %².
By 3-year correlation, DRI places #10 of the 20 assets tracked against BLMN. Correlation aside, the last 12 months split them widely, with BLMN ahead by 38.2 points (+43.8% versus +5.6%). One caveat on sizing: BLMN is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 DRI: side by side
| BLMN (Bloomin' Brands, Inc.) | DRI (Darden Restaurants) | |
|---|---|---|
| 1-year return | +43.8% | +5.6% |
| 5-year return | -53.9% | +66.1% |
| Volatility (ann.) | 61.1% | 25.2% |
| Beta vs S&P 500 | 1.23 | 0.52 |
| Max drawdown (3Y) | -80.5% | -23.9% |
| Market cap | $0.9B | $24.0B |
| P/E (trailing) | 32.6 | 21.0 |
| Dividend yield | 1.35% | 2.74% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BLMN | DRI |
|---|---|---|
| 2022 | -1.7% | -4.8% |
| 2023 | +45.5% | +22.8% |
| 2024 | -54.4% | +17.7% |
| 2025 | -46.6% | +1.6% |
| 2026 | +69.2% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and DRI good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLMN and DRI?
As of 2026-08-27, the correlation of weekly returns between BLMN and DRI is 0.43 over 3 years, 0.49 over 1 year and 0.51 over 5 years.
Is DRI a good diversifier for BLMN?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: BLMN correlations · DRI correlations
