CMG vs DUK: Correlation
Chipotle Mexican Grill (CMG) and Duke Energy (DUK) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and DUK?
Across a 3-year window, the weekly returns of CMG and DUK correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Stretching to 5 years gives -0.02, with an annualized covariance of -107.5 %².
Among the 36 assets we track against CMG, DUK ranks #26 by 3-year correlation. The trailing year gives DUK the advantage: -12.7% versus +1.1%, a 13.8-point spread. On a rolling one-year basis the correlation drifted between -0.27 and 0.12, a moderate band. Note the risk asymmetry: CMG runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMG vs DUK: side by side
| CMG (Chipotle Mexican Grill) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | -12.7% | +1.1% |
| 5-year return | -2.9% | +39.8% |
| Volatility (ann.) | 35.7% | 15.9% |
| Beta vs S&P 500 | 0.89 | -0.09 |
| Max drawdown (3Y) | -58.9% | -11.6% |
| Market cap | $47.1B | $94.2B |
| P/E (trailing) | 34.5 | 18.3 |
| Dividend yield | 0.00% | 3.49% |
| Sector / category | Consumer Discretionary | Utilities |
Year-by-year returns
| Year | CMG | DUK |
|---|---|---|
| 2022 | -20.6% | +2.0% |
| 2023 | +64.8% | -1.6% |
| 2024 | +31.8% | +15.6% |
| 2025 | -38.6% | +12.7% |
| 2026 | +0.6% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and DUK good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMG and DUK?
The CMG/DUK correlation stands at -0.19 on a 3-year window (1 year: -0.21, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is DUK a good diversifier for CMG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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: CMG correlations · DUK correlations
