CBRL vs DRI: Correlation
How closely do Cracker Barrel Old Country Store, Inc. (CBRL) and Darden Restaurants (DRI) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRL and DRI?
Across a 3-year window, the weekly returns of CBRL and DRI correlate at 0.52, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.52). Stretching to 5 years gives 0.58, with an annualized covariance of 719.6 %².
Few assets follow CBRL as closely as DRI, which ranks #3 of 14 tracked partners. On 12-month performance DRI holds a 14.9-point edge, -9.3% against +5.6%. Note the risk asymmetry: CBRL runs 2.2 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.
CBRL vs DRI: side by side
| CBRL (Cracker Barrel Old Country Store, Inc.) | DRI (Darden Restaurants) | |
|---|---|---|
| 1-year return | -9.3% | +5.6% |
| 5-year return | -52.2% | +66.1% |
| Volatility (ann.) | 55.0% | 25.2% |
| Beta vs S&P 500 | 0.96 | 0.52 |
| Max drawdown (3Y) | -68.0% | -23.9% |
| Market cap | $1.2B | $24.0B |
| P/E (trailing) | 51.0 | 21.0 |
| Dividend yield | 1.71% | 2.74% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CBRL | DRI |
|---|---|---|
| 2022 | -22.7% | -4.8% |
| 2023 | -14.0% | +22.8% |
| 2024 | -27.9% | +17.7% |
| 2025 | -50.9% | +1.6% |
| 2026 | +121.2% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRL and DRI good diversifiers for each other?
Only partially. A correlation of 0.52 means CBRL and DRI 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 CBRL and DRI?
As of 2026-08-27, the correlation of weekly returns between CBRL and DRI is 0.52 over 3 years, 0.63 over 1 year and 0.58 over 5 years.
Is DRI a good diversifier for CBRL?
Only partially. A correlation of 0.52 means CBRL and DRI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: CBRL correlations · DRI correlations
