EAT vs TXRH: Correlation
How closely do Brinker International, Inc. (EAT) and Texas Roadhouse, Inc. (TXRH) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EAT and TXRH?
Across a 3-year window, the weekly returns of EAT and TXRH correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 535.6 %².
Among the 10 assets we track against EAT, TXRH ranks #4 by 3-year correlation. The last year tells two different stories: EAT led by 33.0 percentage points, +49.4% for EAT against +16.4% for TXRH. Risk is not evenly split, since EAT carries 1.8 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.
EAT vs TXRH: side by side
| EAT (Brinker International, Inc.) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | +16.4% |
| 5-year return | +347.9% | +134.1% |
| Volatility (ann.) | 47.1% | 25.6% |
| Beta vs S&P 500 | 0.67 | 0.52 |
| Max drawdown (3Y) | -45.9% | -24.8% |
| Market cap | $10.0B | $13.1B |
| P/E (trailing) | 21.5 | 32.6 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EAT | TXRH |
|---|---|---|
| 2022 | -12.8% | +4.2% |
| 2023 | +35.3% | +37.1% |
| 2024 | +206.4% | +49.8% |
| 2025 | +8.5% | -6.6% |
| 2026 | +62.5% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EAT and TXRH good diversifiers for each other?
Reasonably. At 0.44, EAT and TXRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EAT and TXRH?
The EAT/TXRH correlation stands at 0.44 on a 3-year window (1 year: 0.43, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is TXRH a good diversifier for EAT?
Reasonably. At 0.44, EAT and TXRH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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: EAT correlations · TXRH correlations
