JILL vs RAVE: Correlation
Measured on weekly returns over the past three years, J. Jill, Inc. (JILL) and Rave Restaurant Group, Inc. (RAVE) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JILL and RAVE?
Across a 3-year window, the weekly returns of JILL and RAVE correlate at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 789.9 %².
Among the 14 assets we track against JILL, RAVE ranks #9 by 3-year correlation. The last year tells two different stories: JILL led by 22.8 percentage points, +18.8% for JILL against -4.0% for RAVE.
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.
JILL vs RAVE: side by side
| JILL (J. Jill, Inc.) | RAVE (Rave Restaurant Group, Inc.) | |
|---|---|---|
| 1-year return | +18.8% | -4.0% |
| 5-year return | -1.2% | +146.8% |
| Volatility (ann.) | 47.4% | 50.5% |
| Beta vs S&P 500 | 1.17 | 0.63 |
| Max drawdown (3Y) | -71.5% | -37.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 14.5 | 14.8 |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JILL | RAVE |
|---|---|---|
| 2022 | +29.3% | +56.4% |
| 2023 | +4.0% | +41.1% |
| 2024 | +7.9% | +15.7% |
| 2025 | -49.3% | +27.9% |
| 2026 | +46.5% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JILL and RAVE good diversifiers for each other?
Reasonably. At 0.33, JILL and RAVE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JILL and RAVE?
The JILL/RAVE correlation stands at 0.33 on a 3-year window (1 year: 0.29, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is RAVE a good diversifier for JILL?
Reasonably. At 0.33, JILL and RAVE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/jill-vs-rave.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jill-vs-rave/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JILL correlations · RAVE correlations
