CALM vs GROV: Correlation
Measured on weekly returns over the past three years, Cal-Maine Foods, Inc. (CALM) and Grove Collaborative Holdings, Inc. (GROV) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALM and GROV?
On 3 years of weekly data the CALM/GROV correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.23). The 5-year figure is -0.18, and annualized covariance runs at -400.1 %².
GROV is close to the least connected end of CALM's tracked universe, ranking #8 of 11. The trailing year gives CALM the advantage: -29.7% versus -35.8%, a 6.1-point spread. One caveat on sizing: GROV is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CALM vs GROV: side by side
| CALM (Cal-Maine Foods, Inc.) | GROV (Grove Collaborative Holdings, Inc.) | |
|---|---|---|
| 1-year return | -29.7% | -35.8% |
| 5-year return | +187.0% | -97.9% |
| Volatility (ann.) | 30.5% | 57.5% |
| Beta vs S&P 500 | 0.35 | 0.33 |
| Max drawdown (3Y) | -37.0% | -74.4% |
| Market cap | $3.7B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 2.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CALM | GROV |
|---|---|---|
| 2022 | +51.9% | -96.0% |
| 2023 | +14.5% | -11.3% |
| 2024 | +87.0% | -21.5% |
| 2025 | -15.6% | -20.9% |
| 2026 | +1.6% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALM and GROV good diversifiers for each other?
Yes. With a correlation of -0.23, CALM and GROV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CALM and GROV?
The CALM/GROV correlation stands at -0.23 on a 3-year window (1 year: -0.08, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is GROV a good diversifier for CALM?
Yes. With a correlation of -0.23, CALM and GROV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/calm-vs-grov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/calm-vs-grov/)
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Related comparisons
Hubs: CALM correlations · GROV correlations
