CBRL vs TGT: Correlation
How closely do Cracker Barrel Old Country Store, Inc. (CBRL) and Target Corporation (TGT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRL and TGT?
Over the past 3 years, CBRL and TGT moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 826.4 %².
Within CBRL's tracked universe of 14 assets, TGT comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TGT ahead by 85.5 points (-9.3% versus +76.2%). One caveat on sizing: CBRL is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TGT: side by side
| CBRL (Cracker Barrel Old Country Store, Inc.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | -9.3% | +76.2% |
| 5-year return | -52.2% | -22.2% |
| Volatility (ann.) | 55.0% | 32.0% |
| Beta vs S&P 500 | 0.96 | 0.62 |
| Max drawdown (3Y) | -68.0% | -49.8% |
| Market cap | $1.2B | $75.4B |
| P/E (trailing) | 51.0 | 17.2 |
| Dividend yield | 1.71% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | CBRL | TGT |
|---|---|---|
| 2022 | -22.7% | -34.2% |
| 2023 | -14.0% | -1.4% |
| 2024 | -27.9% | -2.3% |
| 2025 | -50.9% | -24.5% |
| 2026 | +121.2% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRL and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CBRL and TGT?
As of 2026-08-27, the correlation of weekly returns between CBRL and TGT is 0.47 over 3 years, 0.54 over 1 year and 0.44 over 5 years.
Is TGT a good diversifier for CBRL?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CBRL correlations · TGT correlations
