CHEF vs RCKY: Correlation
Measured on weekly returns over the past three years, The Chefs' Warehouse, Inc. (CHEF) and Rocky Brands, Inc. (RCKY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHEF and RCKY?
Over the past 3 years, CHEF and RCKY moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.52 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1567.6 %².
In CHEF's tracked universe of 12 assets, RCKY sits right near the top at #3. The last year tells two different stories: CHEF led by 27.4 percentage points, +77.7% for CHEF against +50.3% for RCKY. Risk is not evenly split, since RCKY carries 1.5 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.
CHEF vs RCKY: side by side
| CHEF (The Chefs' Warehouse, Inc.) | RCKY (Rocky Brands, Inc.) | |
|---|---|---|
| 1-year return | +77.7% | +50.3% |
| 5-year return | +273.0% | +0.6% |
| Volatility (ann.) | 44.0% | 68.1% |
| Beta vs S&P 500 | 1.23 | 1.66 |
| Max drawdown (3Y) | -37.8% | -68.0% |
| Market cap | $4.5B | $0.3B |
| P/E (trailing) | 53.2 | 11.9 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHEF | RCKY |
|---|---|---|
| 2022 | -0.1% | -39.5% |
| 2023 | -11.6% | +31.4% |
| 2024 | +67.6% | -22.8% |
| 2025 | +26.4% | +31.9% |
| 2026 | +78.5% | +55.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHEF and RCKY good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHEF and RCKY?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.24 over the last year and 0.44 over 5 years.
Is RCKY a good diversifier for CHEF?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-rcky.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chef-vs-rcky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHEF correlations · RCKY correlations
