CAKE vs ETSY: Correlation
The Cheesecake Factory Incorporated (CAKE) and Etsy, Inc. (ETSY) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAKE and ETSY?
Across a 3-year window, the weekly returns of CAKE and ETSY correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 775.7 %².
Within CAKE's tracked universe of 23 assets, ETSY comes in at #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CAKE ahead by 28.7 points (+81.1% versus +52.4%).
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 ETSY: side by side
| CAKE (The Cheesecake Factory Incorporated) | ETSY (Etsy, Inc.) | |
|---|---|---|
| 1-year return | +81.1% | +52.4% |
| 5-year return | +170.4% | -61.9% |
| Volatility (ann.) | 34.8% | 46.0% |
| Beta vs S&P 500 | 0.93 | 0.98 |
| Max drawdown (3Y) | -36.4% | -53.1% |
| Market cap | $5.5B | $7.6B |
| P/E (trailing) | 31.2 | 25.8 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAKE | ETSY |
|---|---|---|
| 2022 | -17.0% | -45.3% |
| 2023 | +14.0% | -32.3% |
| 2024 | +39.3% | -34.7% |
| 2025 | +8.6% | +4.8% |
| 2026 | +120.8% | +49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAKE and ETSY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAKE and ETSY?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.53 over the last year and 0.40 over 5 years.
Is ETSY a good diversifier for CAKE?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
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/cake-vs-etsy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cake-vs-etsy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAKE correlations · ETSY correlations
