RRGB vs XYZ: Correlation
How closely do Red Robin Gourmet Burgers, Inc. (RRGB) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRGB and XYZ?
Across a 3-year window, the weekly returns of RRGB and XYZ correlate at 0.45, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.45). Stretching to 5 years gives 0.42, with an annualized covariance of 1926.1 %².
By 3-year correlation, XYZ places #4 of the 11 assets tracked against RRGB. Their recent paths diverged sharply: over the last 12 months RRGB outperformed by 38.5 percentage points (+45.4% for RRGB against +6.9% for XYZ). Note the risk asymmetry: RRGB 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.
RRGB vs XYZ: side by side
| RRGB (Red Robin Gourmet Burgers, Inc.) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +45.4% | +6.9% |
| 5-year return | -61.2% | -68.8% |
| Volatility (ann.) | 86.0% | 50.2% |
| Beta vs S&P 500 | 1.99 | 1.80 |
| Max drawdown (3Y) | -79.7% | -53.0% |
| Market cap | $0.2B | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | RRGB | XYZ |
|---|---|---|
| 2022 | -66.2% | -61.1% |
| 2023 | +123.5% | +23.1% |
| 2024 | -56.0% | +9.9% |
| 2025 | -26.2% | -23.4% |
| 2026 | +132.6% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRGB and XYZ good diversifiers for each other?
Reasonably. At 0.45, RRGB and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RRGB and XYZ?
As of 2026-08-27, the correlation of weekly returns between RRGB and XYZ is 0.45 over 3 years, 0.65 over 1 year and 0.42 over 5 years.
Is XYZ a good diversifier for RRGB?
Reasonably. At 0.45, RRGB and XYZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/rrgb-vs-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rrgb-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RRGB correlations · XYZ correlations
