ETSY vs RRGB: Correlation
Measured on weekly returns over the past three years, Etsy, Inc. (ETSY) and Red Robin Gourmet Burgers, Inc. (RRGB) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and RRGB?
Across a 3-year window, the weekly returns of ETSY and RRGB correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 1856.8 %².
In ETSY's tracked universe of 12 assets, RRGB sits right near the top at #3. Over the last 12 months ETSY came out ahead by 7.0 percentage points (+52.4% against +45.4%). Note the risk asymmetry: RRGB runs 1.9 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.
ETSY vs RRGB: side by side
| ETSY (Etsy, Inc.) | RRGB (Red Robin Gourmet Burgers, Inc.) | |
|---|---|---|
| 1-year return | +52.4% | +45.4% |
| 5-year return | -61.9% | -61.2% |
| Volatility (ann.) | 46.0% | 86.0% |
| Beta vs S&P 500 | 0.98 | 1.99 |
| Max drawdown (3Y) | -53.1% | -79.7% |
| Market cap | $7.6B | $0.2B |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETSY | RRGB |
|---|---|---|
| 2022 | -45.3% | -66.2% |
| 2023 | -32.3% | +123.5% |
| 2024 | -34.7% | -56.0% |
| 2025 | +4.8% | -26.2% |
| 2026 | +49.6% | +132.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and RRGB good diversifiers for each other?
Reasonably. At 0.47, ETSY and RRGB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ETSY and RRGB?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.56 over the last year and 0.40 over 5 years.
Is RRGB a good diversifier for ETSY?
Reasonably. At 0.47, ETSY and RRGB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/etsy-vs-rrgb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etsy-vs-rrgb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETSY correlations · RRGB correlations
