CMG vs ITGR: Correlation
Measured on weekly returns over the past three years, Chipotle Mexican Grill (CMG) and Integer Holdings Corporation (ITGR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and ITGR?
Over the past 3 years, CMG and ITGR moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 467.7 %².
By 3-year correlation, ITGR places #16 of the 36 assets tracked against CMG. Correlation aside, the last 12 months split them widely, with ITGR ahead by 28.6 points (-12.7% versus +15.9%).
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 ITGR: side by side
| CMG (Chipotle Mexican Grill) | ITGR (Integer Holdings Corporation) | |
|---|---|---|
| 1-year return | -12.7% | +15.9% |
| 5-year return | -2.9% | +28.7% |
| Volatility (ann.) | 35.7% | 33.7% |
| Beta vs S&P 500 | 0.89 | 0.56 |
| Max drawdown (3Y) | -58.9% | -56.1% |
| Market cap | $47.1B | $4.3B |
| P/E (trailing) | 34.5 | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CMG | ITGR |
|---|---|---|
| 2022 | -20.6% | -20.0% |
| 2023 | +64.8% | +44.7% |
| 2024 | +31.8% | +33.8% |
| 2025 | -38.6% | -40.8% |
| 2026 | +0.6% | +59.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and ITGR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMG and ITGR?
As of 2026-08-27, the correlation of weekly returns between CMG and ITGR is 0.39 over 3 years, 0.45 over 1 year and 0.37 over 5 years.
Is ITGR a good diversifier for CMG?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CMG correlations · ITGR correlations
