CMG vs EBAY: Correlation
Chipotle Mexican Grill (CMG) and eBay Inc. (EBAY) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and EBAY?
Over the past 3 years, CMG and EBAY moved with a correlation of 0.29, which is weak. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.29). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 296.2 %².
By 3-year correlation, EBAY places #25 of the 36 assets tracked against CMG. Correlation aside, the last 12 months split them widely, with EBAY ahead by 23.3 points (-12.7% versus +10.6%). This link changes with the market regime, having swung between -0.07 and 0.62 on a rolling one-year basis.
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 EBAY: side by side
| CMG (Chipotle Mexican Grill) | EBAY (eBay Inc.) | |
|---|---|---|
| 1-year return | -12.7% | +10.6% |
| 5-year return | -2.9% | +43.9% |
| Volatility (ann.) | 35.7% | 28.9% |
| Beta vs S&P 500 | 0.89 | 0.58 |
| Max drawdown (3Y) | -58.9% | -20.7% |
| Market cap | $47.1B | $45.5B |
| P/E (trailing) | 34.5 | 21.9 |
| Dividend yield | 0.00% | 1.15% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | CMG | EBAY |
|---|---|---|
| 2022 | -20.6% | -36.5% |
| 2023 | +64.8% | +7.7% |
| 2024 | +31.8% | +44.8% |
| 2025 | -38.6% | +42.7% |
| 2026 | +0.6% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and EBAY good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMG and EBAY?
As of 2026-08-27, the correlation of weekly returns between CMG and EBAY is 0.29 over 3 years, 0.56 over 1 year and 0.40 over 5 years.
Is EBAY a good diversifier for CMG?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/cmg-vs-ebay.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmg-vs-ebay/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMG correlations · EBAY correlations
