DIN vs QSR: Correlation
Measured on weekly returns over the past three years, Dine Brands Global, Inc. (DIN) and Restaurant Brands International Inc. (QSR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIN and QSR?
Across a 3-year window, the weekly returns of DIN and QSR correlate at 0.40, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.40). Stretching to 5 years gives 0.38, with an annualized covariance of 355.2 %².
By 3-year correlation, QSR places #9 of the 14 assets tracked against DIN. The last year tells two different stories: DIN led by 22.7 percentage points, +52.0% for DIN against +29.3% for QSR. Risk is not evenly split, since DIN carries 2.1 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.
DIN vs QSR: side by side
| DIN (Dine Brands Global, Inc.) | QSR (Restaurant Brands International Inc.) | |
|---|---|---|
| 1-year return | +52.0% | +29.3% |
| 5-year return | -49.2% | +45.4% |
| Volatility (ann.) | 43.4% | 20.7% |
| Beta vs S&P 500 | 0.81 | 0.32 |
| Max drawdown (3Y) | -63.3% | -24.5% |
| Market cap | $0.4B | $35.8B |
| P/E (trailing) | 56.5 | 19.9 |
| Dividend yield | 3.07% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIN | QSR |
|---|---|---|
| 2022 | -12.4% | +10.7% |
| 2023 | -20.3% | +24.6% |
| 2024 | -35.7% | -13.8% |
| 2025 | +14.1% | +8.6% |
| 2026 | +5.0% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIN and QSR good diversifiers for each other?
Reasonably. At 0.40, DIN and QSR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIN and QSR?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.53 over the last year and 0.38 over 5 years.
Is QSR a good diversifier for DIN?
Reasonably. At 0.40, DIN and QSR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/din-vs-qsr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/din-vs-qsr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIN correlations · QSR correlations
