CNCK vs DRI: Correlation
Measured on weekly returns over the past three years, Coincheck Group N.V. (CNCK) and Darden Restaurants (DRI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and DRI?
Across a 3-year window, the weekly returns of CNCK and DRI correlate at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -341.9 %².
Among the 14 assets we track against CNCK, DRI sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months DRI outperformed by 65.3 percentage points (-59.7% for CNCK against +5.6% for DRI). Risk is not evenly split, since CNCK carries 3.6 times the volatility of the other side.
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.
CNCK vs DRI: side by side
| CNCK (Coincheck Group N.V.) | DRI (Darden Restaurants) | |
|---|---|---|
| 1-year return | -59.7% | +5.6% |
| 5-year return | -78.6% | +66.1% |
| Volatility (ann.) | 91.0% | 25.2% |
| Beta vs S&P 500 | 0.99 | 0.52 |
| Max drawdown (3Y) | -89.9% | -23.9% |
| Market cap | $0.4B | $24.0B |
| P/E (trailing) | – | 21.0 |
| Dividend yield | 0.00% | 2.74% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CNCK | DRI |
|---|---|---|
| 2022 | +1.8% | -4.8% |
| 2023 | +2.9% | +22.8% |
| 2024 | -13.0% | +17.7% |
| 2025 | -71.7% | +1.6% |
| 2026 | -17.5% | +17.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and DRI good diversifiers for each other?
Yes. With a correlation of -0.15, CNCK and DRI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNCK and DRI?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.11 over the last year and -0.12 over 5 years.
Is DRI a good diversifier for CNCK?
Yes. With a correlation of -0.15, CNCK and DRI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 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: CNCK correlations · DRI correlations
