CBRL vs RRGB: Correlation
How closely do Cracker Barrel Old Country Store, Inc. (CBRL) and Red Robin Gourmet Burgers, Inc. (RRGB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRL and RRGB?
Over the past 3 years, CBRL and RRGB moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 2082.3 %².
Among the 14 assets we track against CBRL, RRGB ranks #8 by 3-year correlation. The last year tells two different stories: RRGB led by 54.7 percentage points, -9.3% for CBRL against +45.4% for RRGB. Risk is not evenly split, since RRGB 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.
CBRL vs RRGB: side by side
| CBRL (Cracker Barrel Old Country Store, Inc.) | RRGB (Red Robin Gourmet Burgers, Inc.) | |
|---|---|---|
| 1-year return | -9.3% | +45.4% |
| 5-year return | -52.2% | -61.2% |
| Volatility (ann.) | 55.0% | 86.0% |
| Beta vs S&P 500 | 0.96 | 1.99 |
| Max drawdown (3Y) | -68.0% | -79.7% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 51.0 | – |
| Dividend yield | 1.71% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBRL | RRGB |
|---|---|---|
| 2022 | -22.7% | -66.2% |
| 2023 | -14.0% | +123.5% |
| 2024 | -27.9% | -56.0% |
| 2025 | -50.9% | -26.2% |
| 2026 | +121.2% | +132.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRL and RRGB good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBRL and RRGB?
The CBRL/RRGB correlation stands at 0.44 on a 3-year window (1 year: 0.47, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RRGB a good diversifier for CBRL?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/cbrl-vs-rrgb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbrl-vs-rrgb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRL correlations · RRGB correlations
