CPNG vs SHAK: Correlation
Coupang, Inc. (CPNG) and Shake Shack, Inc. (SHAK) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPNG and SHAK?
Across a 3-year window, the weekly returns of CPNG and SHAK correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 830.7 %².
Among the 11 assets we track against CPNG, SHAK ranks #5 by 3-year correlation. On 12-month performance SHAK holds a 8.6-point edge, -42.5% against -33.9%.
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.
CPNG vs SHAK: side by side
| CPNG (Coupang, Inc.) | SHAK (Shake Shack, Inc.) | |
|---|---|---|
| 1-year return | -42.5% | -33.9% |
| 5-year return | -46.1% | -18.1% |
| Volatility (ann.) | 37.4% | 51.5% |
| Beta vs S&P 500 | 0.95 | 1.42 |
| Max drawdown (3Y) | -54.9% | -63.1% |
| Market cap | $29.2B | $3.0B |
| P/E (trailing) | – | 76.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPNG | SHAK |
|---|---|---|
| 2022 | -49.9% | -42.4% |
| 2023 | +10.1% | +78.5% |
| 2024 | +35.8% | +75.1% |
| 2025 | +7.3% | -37.5% |
| 2026 | -31.2% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPNG and SHAK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPNG and SHAK?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and 0.36 over 5 years.
Is SHAK a good diversifier for CPNG?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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: CPNG correlations · SHAK correlations
