DIN vs WEN: Correlation
How closely do Dine Brands Global, Inc. (DIN) and Wendy's Company (The) (WEN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIN and WEN?
On 3 years of weekly data the DIN/WEN correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 583.4 %².
Within DIN's tracked universe of 14 assets, WEN comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DIN outperformed by 72.1 percentage points (+52.0% for DIN against -20.1% for WEN).
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 WEN: side by side
| DIN (Dine Brands Global, Inc.) | WEN (Wendy's Company (The)) | |
|---|---|---|
| 1-year return | +52.0% | -20.1% |
| 5-year return | -49.2% | -56.6% |
| Volatility (ann.) | 43.4% | 31.4% |
| Beta vs S&P 500 | 0.81 | 0.40 |
| Max drawdown (3Y) | -63.3% | -66.3% |
| Market cap | $0.4B | $1.5B |
| P/E (trailing) | 56.5 | 11.8 |
| Dividend yield | 3.07% | 6.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DIN | WEN |
|---|---|---|
| 2022 | -12.4% | -2.8% |
| 2023 | -20.3% | -9.7% |
| 2024 | -35.7% | -11.4% |
| 2025 | +14.1% | -45.8% |
| 2026 | +5.0% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIN and WEN good diversifiers for each other?
Reasonably. At 0.43, DIN and WEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIN and WEN?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.48 over the last year and 0.47 over 5 years.
Is WEN a good diversifier for DIN?
Reasonably. At 0.43, DIN and WEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/din-vs-wen.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/din-vs-wen/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIN correlations · WEN correlations
