SHAK vs. WING

Last updated Jun 4, 2026

SHAK (Shake Shack Inc.) and WING (Wingstop Inc.) are both stocks. Both operate in the Restaurants industry within the Consumer Cyclical sector. Over the past 10 years, SHAK returned 4.27%/yr vs 21.13%/yr for WING. At a 0.40 correlation, their price movements are largely independent.

Performance

SHAK vs. WING - Performance Comparison

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

Returns By Period

In the year-to-date period, SHAK achieves a -31.59% return, which is significantly higher than WING's -39.37% return. Over the past 10 years, SHAK has underperformed WING with an annualized return of 4.27%, while WING has yielded a comparatively higher 21.13% annualized return.

SHAK

• 1D: -2.60%
• 1M: -41.90%
• YTD: -31.59%
• 6M: -33.27%
• 1Y: -56.45%
• 3Y*: -6.80%
• 5Y*: -9.06%
• 10Y*: 4.27%

WING

• 1D: -4.60%
• 1M: -4.04%
• YTD: -39.37%
• 6M: -46.17%
• 1Y: -58.16%
• 3Y*: -9.63%
• 5Y*: 2.07%
• 10Y*: 21.13%

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

SHAK vs. WING - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHAK Shake Shack Inc.	-31.59%	-37.47%	75.12%	78.47%	-42.45%	-14.89%	42.32%	31.15%	5.14%	20.70%
WING Wingstop Inc.	-39.37%	-15.72%	11.06%	87.26%	-17.05%	30.91%	60.40%	34.99%	77.28%	32.26%

Correlation

The correlation between SHAK and WING is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 15, 2015	0.40

The correlation between SHAK and WING shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SHAK : $2.24B WING : $3.97B
EPS SHAK : $0.99 WING : $4.02
PE Ratio SHAK : 55.91 WING : 35.84
PEG Ratio SHAK : 0.78 WING : 0.79
PS Ratio SHAK : 1.54 WING : 5.65
Total Revenue (TTM) SHAK : $1.49B WING : $709.48M
Gross Profit (TTM) SHAK : $111.61M WING : $315.08M
EBITDA (TTM) SHAK : $179.77M WING : $217.85M

Return for Risk

SHAK vs. WING — Risk / Return Rank

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

SHAK

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

WING

WING Risk / Return Rank: 6
WING Sharpe Ratio Rank: 6
WING Sortino Ratio Rank: 4
WING Omega Ratio Rank: 7
WING Calmar Ratio Rank: 8
WING Martin Ratio Rank: 4

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.

SHAK vs. WING - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shake Shack Inc. (SHAK) and Wingstop Inc. (WING). 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.

	SHAK	WING	Difference
Sharpe ratio: Return per unit of total volatility	-1.07	-0.93	-0.14
Sortino ratio: Return per unit of downside risk	-1.55	-1.68	+0.13
Omega ratio: Gain probability vs. loss probability	0.78	0.82	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.85	-0.08
Martin ratio: Return relative to average drawdown	-1.68	-1.57	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHAK vs. WING - Sharpe Ratio Comparison

The current SHAK Sharpe Ratio is -1.07, which is comparable to the WING Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of SHAK and WING, 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

	SHAK	WING	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.07	-0.93	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.04	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.46	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.40	-0.37

Drawdowns

SHAK vs. WING - Drawdown Comparison

The maximum SHAK drawdown since its inception was -70.89%, roughly equal to the maximum WING drawdown of -72.06%. Use the drawdown chart below to compare losses from any high point for SHAK and WING.

Drawdown Indicators

	SHAK	WING	Difference
Max Drawdown Largest peak-to-trough decline	-70.89%	-72.06%	+1.17%
Max Drawdown (1Y) Largest decline over 1 year	-60.90%	-68.71%	+7.81%
Max Drawdown (3Y) Largest decline over 3 years	-60.90%	-72.06%	+11.16%
Max Drawdown (5Y) Largest decline over 5 years	-64.77%	-72.06%	+7.29%
Max Drawdown (10Y) Largest decline over 10 years	-70.89%	-72.06%	+1.17%
Current Drawdown Current decline from peak	-60.90%	-66.08%	+5.18%
Average Drawdown Average peak-to-trough decline	-41.05%	-17.01%	-24.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.59%	37.11%	-3.52%

Volatility

SHAK vs. WING - Volatility Comparison

Shake Shack Inc. (SHAK) has a higher volatility of 36.38% compared to Wingstop Inc. (WING) at 18.84%. This indicates that SHAK's price experiences larger fluctuations and is considered to be riskier than WING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHAK	WING	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.38%	18.84%	+17.54%
Volatility (6M) Calculated over the trailing 6-month period	47.53%	45.31%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	53.00%	62.95%	-9.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.56%	50.88%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.42%	46.10%	+4.32%

Dividends

SHAK vs. WING - Dividend Comparison

SHAK has not paid dividends to shareholders, while WING's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SHAK Shake Shack Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WING Wingstop Inc.	0.83%	0.48%	0.34%	0.32%	3.43%	0.36%	4.15%	0.46%	5.44%	0.36%	9.80%

Financials

SHAK vs. WING - Profitability Comparison

The chart below illustrates the profitability comparison between Shake Shack Inc. and Wingstop Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

WING - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wingstop Inc. reported a gross profit of 0.00 and revenue of 183.73M. Therefore, the gross margin over that period was 0.0%.

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%.

WING - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wingstop Inc. reported an operating income of 50.41M and revenue of 183.73M, resulting in an operating margin of 27.4%.

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%.

WING - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wingstop Inc. reported a net income of 29.88M and revenue of 183.73M, resulting in a net margin of 16.3%.

Frequently Asked Questions

Can I hold both SHAK and WING in my portfolio?

SHAK and WING have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHAK or WING?

SHAK has higher volatility (36.38%) compared to WING (18.84%). In terms of maximum drawdown, SHAK dropped -70.89% vs WING's -72.06%.

Which has better risk-adjusted returns?

WING currently has the higher Sharpe Ratio (-0.93 vs -1.07), 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.