BLMN vs WEN: Correlation
How closely do Bloomin' Brands, Inc. (BLMN) and Wendy's Company (The) (WEN) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and WEN?
Across a 3-year window, the weekly returns of BLMN and WEN correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 922.5 %².
By 3-year correlation, WEN places #9 of the 20 assets tracked against BLMN. Correlation aside, the last 12 months split them widely, with BLMN ahead by 63.9 points (+43.8% versus -20.1%). One caveat on sizing: BLMN is 1.9 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 WEN: side by side
| BLMN (Bloomin' Brands, Inc.) | WEN (Wendy's Company (The)) | |
|---|---|---|
| 1-year return | +43.8% | -20.1% |
| 5-year return | -53.9% | -56.6% |
| Volatility (ann.) | 61.1% | 31.4% |
| Beta vs S&P 500 | 1.23 | 0.40 |
| Max drawdown (3Y) | -80.5% | -66.3% |
| Market cap | $0.9B | $1.5B |
| P/E (trailing) | 32.6 | 11.8 |
| Dividend yield | 1.35% | 6.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLMN | WEN |
|---|---|---|
| 2022 | -1.7% | -2.8% |
| 2023 | +45.5% | -9.7% |
| 2024 | -54.4% | -11.4% |
| 2025 | -46.6% | -45.8% |
| 2026 | +69.2% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and WEN good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLMN and WEN?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.56 over the last year and 0.48 over 5 years.
Is WEN a good diversifier for BLMN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/blmn-vs-wen.json
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[](https://www.pairbook.io/pair/blmn-vs-wen/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLMN correlations · WEN correlations
