CAVA vs COST: Correlation
CAVA Group, Inc. (CAVA) and Costco (COST) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAVA and COST?
On 3 years of weekly data the CAVA/COST correlation comes out at 0.40, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.40 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 471.0 %².
COST is close to the least connected end of CAVA's tracked universe, ranking #9 of 13. Neither side won the trailing year by much: -1.2% against -1.0%. Note the risk asymmetry: CAVA runs 3.0 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.
CAVA vs COST: side by side
| CAVA (CAVA Group, Inc.) | COST (Costco) | |
|---|---|---|
| 1-year return | -1.2% | -1.0% |
| 5-year return | n/a | +116.3% |
| Volatility (ann.) | 59.9% | 19.8% |
| Beta vs S&P 500 | 1.78 | 0.45 |
| Max drawdown (3Y) | -71.1% | -20.7% |
| Market cap | $7.8B | $414.5B |
| P/E (trailing) | 119.6 | 48.1 |
| Dividend yield | 0.00% | 0.56% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CAVA | COST |
|---|---|---|
| 2022 | – | -19.0% |
| 2023 | – | +49.0% |
| 2024 | +162.4% | +39.6% |
| 2025 | -48.0% | -5.4% |
| 2026 | +14.1% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAVA and COST good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAVA and COST?
As of 2026-08-27, the correlation of weekly returns between CAVA and COST is 0.40 over 3 years, 0.28 over 1 year and n/a over 5 years.
Is COST a good diversifier for CAVA?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/cava-vs-cost.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cava-vs-cost/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CAVA correlations · COST correlations
