CAKE vs DIN: Correlation
Measured on weekly returns over the past three years, The Cheesecake Factory Incorporated (CAKE) and Dine Brands Global, Inc. (DIN) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAKE and DIN?
Over the past 3 years, CAKE and DIN moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 862.7 %².
By 3-year correlation, DIN places #4 of the 23 assets tracked against CAKE. Correlation aside, the last 12 months split them widely, with CAKE ahead by 29.1 points (+81.1% versus +52.0%).
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 DIN: side by side
| CAKE (The Cheesecake Factory Incorporated) | DIN (Dine Brands Global, Inc.) | |
|---|---|---|
| 1-year return | +81.1% | +52.0% |
| 5-year return | +170.4% | -49.2% |
| Volatility (ann.) | 34.8% | 43.4% |
| Beta vs S&P 500 | 0.93 | 0.81 |
| Max drawdown (3Y) | -36.4% | -63.3% |
| Market cap | $5.5B | $0.4B |
| P/E (trailing) | 31.2 | 56.5 |
| Dividend yield | 0.99% | 3.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAKE | DIN |
|---|---|---|
| 2022 | -17.0% | -12.4% |
| 2023 | +14.0% | -20.3% |
| 2024 | +39.3% | -35.7% |
| 2025 | +8.6% | +14.1% |
| 2026 | +120.8% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAKE and DIN good diversifiers for each other?
Only partially. A correlation of 0.57 means CAKE and DIN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CAKE and DIN?
The CAKE/DIN correlation stands at 0.57 on a 3-year window (1 year: 0.58, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is DIN a good diversifier for CAKE?
Only partially. A correlation of 0.57 means CAKE and DIN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/cake-vs-din.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cake-vs-din/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAKE correlations · DIN correlations
