PTLO vs SHAK: Correlation
Portillo's Inc. (PTLO) and Shake Shack, Inc. (SHAK) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTLO and SHAK?
On 3 years of weekly data the PTLO/SHAK correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.48 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 1285.4 %².
SHAK is one of the assets that tracks PTLO most closely: it ranks #1 out of the 11 assets we track against PTLO. Neither side won the trailing year by much: -36.0% against -33.9%.
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.
PTLO vs SHAK: side by side
| PTLO (Portillo's Inc.) | SHAK (Shake Shack, Inc.) | |
|---|---|---|
| 1-year return | -36.0% | -33.9% |
| 5-year return | -84.6% | -18.1% |
| Volatility (ann.) | 52.1% | 51.5% |
| Beta vs S&P 500 | 0.82 | 1.42 |
| Max drawdown (3Y) | -79.5% | -63.1% |
| Market cap | $0.3B | $3.0B |
| P/E (trailing) | 24.9 | 76.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PTLO | SHAK |
|---|---|---|
| 2022 | -56.5% | -42.4% |
| 2023 | -2.4% | +78.5% |
| 2024 | -41.0% | +75.1% |
| 2025 | -51.7% | -37.5% |
| 2026 | -1.3% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTLO and SHAK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PTLO and SHAK?
The PTLO/SHAK correlation stands at 0.48 on a 3-year window (1 year: 0.64, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SHAK a good diversifier for PTLO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PTLO correlations · SHAK correlations
