CMG vs PUMP: Correlation
Measured on weekly returns over the past three years, Chipotle Mexican Grill (CMG) and ProPetro Holding Corp. (PUMP) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMG and PUMP?
Over the past 3 years, CMG and PUMP moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.28). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -646.4 %².
Among the 36 assets we track against CMG, PUMP sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months PUMP outperformed by 140.9 percentage points (-12.7% for CMG against +128.2% for PUMP). Note the risk asymmetry: PUMP runs 1.8 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 PUMP: side by side
| CMG (Chipotle Mexican Grill) | PUMP (ProPetro Holding Corp.) | |
|---|---|---|
| 1-year return | -12.7% | +128.2% |
| 5-year return | -2.9% | +45.4% |
| Volatility (ann.) | 35.7% | 65.1% |
| Beta vs S&P 500 | 0.89 | 0.73 |
| Max drawdown (3Y) | -58.9% | -59.1% |
| Market cap | $47.1B | $1.4B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | CMG | PUMP |
|---|---|---|
| 2022 | -20.6% | +28.0% |
| 2023 | +64.8% | -19.2% |
| 2024 | +31.8% | +11.3% |
| 2025 | -38.6% | +1.9% |
| 2026 | +0.6% | +17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMG and PUMP good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CMG and PUMP?
As of 2026-08-27, the correlation of weekly returns between CMG and PUMP is -0.28 over 3 years, -0.50 over 1 year and -0.12 over 5 years.
Is PUMP a good diversifier for CMG?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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.
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Related comparisons
Hubs: CMG correlations · PUMP correlations
