CHEF vs RGR: Correlation
How closely do The Chefs' Warehouse, Inc. (CHEF) and Sturm, Ruger & Company, Inc. (RGR) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHEF and RGR?
Across a 3-year window, the weekly returns of CHEF and RGR correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.19 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -334.6 %².
Among the 12 assets we track against CHEF, RGR sits near the bottom by co-movement, at rank #9. The last year tells two different stories: CHEF led by 68.4 percentage points, +77.7% for CHEF against +9.3% for RGR.
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 RGR: side by side
| CHEF (The Chefs' Warehouse, Inc.) | RGR (Sturm, Ruger & Company, Inc.) | |
|---|---|---|
| 1-year return | +77.7% | +9.3% |
| 5-year return | +273.0% | -41.2% |
| Volatility (ann.) | 44.0% | 29.8% |
| Beta vs S&P 500 | 1.23 | 0.09 |
| Max drawdown (3Y) | -37.8% | -46.0% |
| Market cap | $4.5B | $0.6B |
| P/E (trailing) | 53.2 | 51.7 |
| Dividend yield | 0.00% | 1.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHEF | RGR |
|---|---|---|
| 2022 | -0.1% | -15.4% |
| 2023 | -11.6% | -8.0% |
| 2024 | +67.6% | -20.9% |
| 2025 | +26.4% | -6.1% |
| 2026 | +78.5% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHEF and RGR good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHEF and RGR?
As of 2026-08-27, the correlation of weekly returns between CHEF and RGR is -0.26 over 3 years, -0.19 over 1 year and -0.10 over 5 years.
Is RGR a good diversifier for CHEF?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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
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Related comparisons
Hubs: CHEF correlations · RGR correlations
