BJ vs. SHAK

Last updated Jun 9, 2026

BJ (BJ's Wholesale Club Holdings, Inc.) and SHAK (Shake Shack Inc.) are both stocks. BJ operates in Discount Stores (Consumer Defensive), while SHAK operates in Restaurants (Consumer Cyclical). Over the past 5 years, BJ returned 14.17%/yr vs -11.78%/yr for SHAK. At a 0.15 correlation, their price movements are largely independent.

Performance

BJ vs. SHAK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BJ's Wholesale Club Holdings, Inc. (BJ) and Shake Shack Inc. (SHAK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BJ achieves a 1.75% return, which is significantly higher than SHAK's -34.75% return.

BJ

• 1D: 2.69%
• 1M: -1.46%
• YTD: 1.75%
• 6M: 0.15%
• 1Y: -17.55%
• 3Y*: 13.72%
• 5Y*: 14.17%
• 10Y*: —

SHAK

• 1D: 1.18%
• 1M: -24.49%
• YTD: -34.75%
• 6M: -31.98%
• 1Y: -59.01%
• 3Y*: -8.33%
• 5Y*: -11.78%
• 10Y*: 4.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BJ vs. SHAK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BJ BJ's Wholesale Club Holdings, Inc.	1.75%	0.76%	34.04%	0.76%	-1.21%	79.64%	63.94%	2.62%	4.28%
SHAK Shake Shack Inc.	-34.75%	-37.47%	75.12%	78.47%	-42.45%	-14.89%	42.32%	31.15%	-33.59%

Correlation

The correlation between BJ and SHAK is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.15

The correlation between BJ and SHAK shifts across timeframes, from -0.03 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BJ : $11.85B SHAK : $2.13B
EPS BJ : $4.35 SHAK : $0.99
PE Ratio BJ : 21.04 SHAK : 53.32
PEG Ratio BJ : 2.33 SHAK : 0.74
PS Ratio BJ : 0.55 SHAK : 1.47
PB Ratio BJ : 4.72 SHAK : 4.06
Total Revenue (TTM) BJ : $21.97B SHAK : $1.49B
Gross Profit (TTM) BJ : $4.06B SHAK : $111.61M
EBITDA (TTM) BJ : $1.05B SHAK : $179.77M

Return for Risk

BJ vs. SHAK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BJ

BJ Risk / Return Rank: 18
BJ Sharpe Ratio Rank: 16
BJ Sortino Ratio Rank: 17
BJ Omega Ratio Rank: 18
BJ Calmar Ratio Rank: 18
BJ Martin Ratio Rank: 20

SHAK

SHAK Risk / Return Rank: 4
SHAK Sharpe Ratio Rank: 3
SHAK Sortino Ratio Rank: 4
SHAK Omega Ratio Rank: 4
SHAK Calmar Ratio Rank: 5
SHAK Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BJ vs. SHAK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BJ's Wholesale Club Holdings, Inc. (BJ) and Shake Shack Inc. (SHAK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BJ	SHAK	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-1.11	+0.52
Sortino ratio: Return per unit of downside risk	-0.68	-1.68	+1.01
Omega ratio: Gain probability vs. loss probability	0.92	0.77	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.66	-0.94	+0.28
Martin ratio: Return relative to average drawdown	-1.06	-1.72	+0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BJ vs. SHAK - Sharpe Ratio Comparison

The current BJ Sharpe Ratio is -0.60, which is higher than the SHAK Sharpe Ratio of -1.11. The chart below compares the historical Sharpe Ratios of BJ and SHAK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BJ	SHAK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	-1.11	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	-0.23	+0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.02	+0.51

Drawdowns

BJ vs. SHAK - Drawdown Comparison

The maximum BJ drawdown since its inception was -38.76%, smaller than the maximum SHAK drawdown of -70.89%. Use the drawdown chart below to compare losses from any high point for BJ and SHAK.

Drawdown Indicators

	BJ	SHAK	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-70.89%	+32.13%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-63.15%	+36.49%
Max Drawdown (3Y) Largest decline over 3 years	-29.80%	-63.15%	+33.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.80%	-64.77%	+34.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.89%	—
Current Drawdown Current decline from peak	-23.62%	-62.71%	+39.09%
Average Drawdown Average peak-to-trough decline	-12.47%	-41.07%	+28.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.55%	34.29%	-17.74%

Volatility

BJ vs. SHAK - Volatility Comparison

The current volatility for BJ's Wholesale Club Holdings, Inc. (BJ) is 11.66%, while Shake Shack Inc. (SHAK) has a volatility of 17.25%. This indicates that BJ experiences smaller price fluctuations and is considered to be less risky than SHAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BJ	SHAK	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.66%	17.25%	-5.59%
Volatility (6M) Calculated over the trailing 6-month period	22.41%	47.55%	-25.14%
Volatility (1Y) Calculated over the trailing 1-year period	29.57%	53.25%	-23.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.27%	51.45%	-19.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.14%	50.44%	-13.30%

Dividends

BJ vs. SHAK - Dividend Comparison

Neither BJ nor SHAK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BJ vs. SHAK - Profitability Comparison

The chart below illustrates the profitability comparison between BJ's Wholesale Club Holdings, Inc. and Shake Shack Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a gross profit of 1.03B and revenue of 5.66B. Therefore, the gross margin over that period was 18.2%.

SHAK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Shake Shack Inc. reported a gross profit of 0.00 and revenue of 366.74M. Therefore, the gross margin over that period was 0.0%.

BJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported an operating income of 207.91M and revenue of 5.66B, resulting in an operating margin of 3.7%.

SHAK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Shake Shack Inc. reported an operating income of -2.63M and revenue of 366.74M, resulting in an operating margin of -0.7%.

BJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a net income of 142.73M and revenue of 5.66B, resulting in a net margin of 2.5%.

SHAK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Shake Shack Inc. reported a net income of -290.00K and revenue of 366.74M, resulting in a net margin of -0.1%.

Frequently Asked Questions

Can I hold both BJ and SHAK in my portfolio?

BJ and SHAK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BJ or SHAK?

SHAK has higher volatility (17.25%) compared to BJ (11.66%). In terms of maximum drawdown, BJ dropped -38.76% vs SHAK's -70.89%.

Which has better risk-adjusted returns?

BJ currently has the higher Sharpe Ratio (-0.60 vs -1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.