CHEF vs PFGC: Correlation
The Chefs' Warehouse, Inc. (CHEF) and Performance Food Group Company (PFGC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHEF and PFGC?
Across a 3-year window, the weekly returns of CHEF and PFGC correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 577.8 %².
In CHEF's tracked universe of 12 assets, PFGC sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CHEF outperformed by 77.0 percentage points (+77.7% for CHEF against +0.7% for PFGC). One caveat on sizing: CHEF 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.
CHEF vs PFGC: side by side
| CHEF (The Chefs' Warehouse, Inc.) | PFGC (Performance Food Group Company) | |
|---|---|---|
| 1-year return | +77.7% | +0.7% |
| 5-year return | +273.0% | +113.4% |
| Volatility (ann.) | 44.0% | 25.2% |
| Beta vs S&P 500 | 1.23 | 0.80 |
| Max drawdown (3Y) | -37.8% | -25.5% |
| Market cap | $4.5B | $16.0B |
| P/E (trailing) | 53.2 | 44.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHEF | PFGC |
|---|---|---|
| 2022 | -0.1% | +27.2% |
| 2023 | -11.6% | +18.4% |
| 2024 | +67.6% | +22.3% |
| 2025 | +26.4% | +6.4% |
| 2026 | +78.5% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHEF and PFGC good diversifiers for each other?
Only partially. A correlation of 0.52 means CHEF and PFGC 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 CHEF and PFGC?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.46 over the last year and 0.56 over 5 years.
Is PFGC a good diversifier for CHEF?
Only partially. A correlation of 0.52 means CHEF and PFGC 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chef-vs-pfgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chef-vs-pfgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHEF correlations · PFGC correlations
