BLMN vs PHAR: Correlation
Bloomin' Brands, Inc. (BLMN) and Pharming Group N.V. (PHAR) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and PHAR?
On 3 years of weekly data the BLMN/PHAR correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.14 over 1 year against -0.21 over 3. The 5-year figure is -0.11, and annualized covariance runs at -677.1 %².
Among the 20 assets we track against BLMN, PHAR sits near the bottom by co-movement, at rank #20. Their recent paths diverged sharply: over the last 12 months BLMN outperformed by 59.5 percentage points (+43.8% for BLMN against -15.7% for PHAR).
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 PHAR: side by side
| BLMN (Bloomin' Brands, Inc.) | PHAR (Pharming Group N.V.) | |
|---|---|---|
| 1-year return | +43.8% | -15.7% |
| 5-year return | -53.9% | +11.7% |
| Volatility (ann.) | 61.1% | 52.7% |
| Beta vs S&P 500 | 1.23 | 0.52 |
| Max drawdown (3Y) | -80.5% | -57.3% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | 32.6 | 84.1 |
| Dividend yield | 1.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLMN | PHAR |
|---|---|---|
| 2022 | -1.7% | +23.4% |
| 2023 | +45.5% | +3.6% |
| 2024 | -54.4% | -11.9% |
| 2025 | -46.6% | +75.6% |
| 2026 | +69.2% | -33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and PHAR good diversifiers for each other?
Yes. With a correlation of -0.21, BLMN and PHAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BLMN and PHAR?
The BLMN/PHAR correlation stands at -0.21 on a 3-year window (1 year: -0.14, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is PHAR a good diversifier for BLMN?
Yes. With a correlation of -0.21, BLMN and PHAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-phar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blmn-vs-phar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLMN correlations · PHAR correlations
