CAKE vs CBRL: Correlation
The Cheesecake Factory Incorporated (CAKE) and Cracker Barrel Old Country Store, Inc. (CBRL) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAKE and CBRL?
Over the past 3 years, CAKE and CBRL moved with a correlation of 0.61, which is strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 1165.6 %².
Few assets follow CAKE as closely as CBRL, which ranks #1 of 23 tracked partners. The last year tells two different stories: CAKE led by 90.4 percentage points, +81.1% for CAKE against -9.3% for CBRL. Risk is not evenly split, since CBRL carries 1.6 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.
CAKE vs CBRL: side by side
| CAKE (The Cheesecake Factory Incorporated) | CBRL (Cracker Barrel Old Country Store, Inc.) | |
|---|---|---|
| 1-year return | +81.1% | -9.3% |
| 5-year return | +170.4% | -52.2% |
| Volatility (ann.) | 34.8% | 55.0% |
| Beta vs S&P 500 | 0.93 | 0.96 |
| Max drawdown (3Y) | -36.4% | -68.0% |
| Market cap | $5.5B | $1.2B |
| P/E (trailing) | 31.2 | 51.0 |
| Dividend yield | 0.99% | 1.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAKE | CBRL |
|---|---|---|
| 2022 | -17.0% | -22.7% |
| 2023 | +14.0% | -14.0% |
| 2024 | +39.3% | -27.9% |
| 2025 | +8.6% | -50.9% |
| 2026 | +120.8% | +121.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAKE and CBRL good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CAKE and CBRL?
As of 2026-08-27, the correlation of weekly returns between CAKE and CBRL is 0.61 over 3 years, 0.63 over 1 year and 0.65 over 5 years.
Is CBRL a good diversifier for CAKE?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 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/cake-vs-cbrl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cake-vs-cbrl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAKE correlations · CBRL correlations
