BROS vs CEE: Correlation
How closely do Dutch Bros Inc. (BROS) and The Central and Eastern Europe Fund, Inc. (The) (CEE) 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 BROS and CEE?
Across a 3-year window, the weekly returns of BROS and CEE correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.48 over 3 years. Stretching to 5 years gives 0.25, with an annualized covariance of 836.3 %².
In BROS's tracked universe of 10 assets, CEE sits right near the top at #3. Correlation aside, the last 12 months split them widely, with CEE ahead by 51.5 points (-30.7% versus +20.8%). Note the risk asymmetry: BROS runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BROS vs CEE: side by side
| BROS (Dutch Bros Inc.) | CEE (The Central and Eastern Europe Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | -30.7% | +20.8% |
| 5-year return | +38.2% | -16.3% |
| Volatility (ann.) | 57.0% | 30.5% |
| Beta vs S&P 500 | 1.67 | 1.06 |
| Max drawdown (3Y) | -45.3% | -22.2% |
| Market cap | $8.9B | – |
| P/E (trailing) | 70.4 | 3.0 |
| Dividend yield | 0.00% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BROS | CEE |
|---|---|---|
| 2022 | -44.6% | -67.8% |
| 2023 | +12.3% | +22.6% |
| 2024 | +65.4% | +15.5% |
| 2025 | +16.9% | +65.6% |
| 2026 | -17.2% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BROS and CEE good diversifiers for each other?
Reasonably. At 0.48, BROS and CEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BROS and CEE?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.14 over the last year and 0.25 over 5 years.
Is CEE a good diversifier for BROS?
Reasonably. At 0.48, BROS and CEE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/bros-vs-cee.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bros-vs-cee/)
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Related comparisons
Hubs: BROS correlations · CEE correlations
