DRI vs SJT: Correlation
Darden Restaurants (DRI) and San Juan Basin Royalty Trust (SJT) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and SJT?
On 3 years of weekly data the DRI/SJT correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.07 over 1 year against -0.16 over 3. The 5-year figure is -0.04, and annualized covariance runs at -163.8 %².
Within DRI's tracked universe of 34 assets, SJT comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DRI outperformed by 58.4 percentage points (+5.6% for DRI against -52.8% for SJT). Note the risk asymmetry: SJT runs 1.7 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.
DRI vs SJT: side by side
| DRI (Darden Restaurants) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | +5.6% | -52.8% |
| 5-year return | +66.1% | -10.0% |
| Volatility (ann.) | 25.2% | 41.6% |
| Beta vs S&P 500 | 0.52 | 0.18 |
| Max drawdown (3Y) | -23.9% | -67.4% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 2.74% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | DRI | SJT |
|---|---|---|
| 2022 | -4.8% | +120.6% |
| 2023 | +22.8% | -50.0% |
| 2024 | +17.7% | -22.9% |
| 2025 | +1.6% | +46.7% |
| 2026 | +17.4% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and SJT good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DRI and SJT?
As of 2026-08-27, the correlation of weekly returns between DRI and SJT is -0.16 over 3 years, -0.07 over 1 year and -0.04 over 5 years.
Is SJT a good diversifier for DRI?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 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/dri-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dri-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DRI correlations · SJT correlations
