CARG vs GRND: Correlation
Measured on weekly returns over the past three years, CarGurus, Inc. (CARG) and Grindr Inc. (GRND) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARG and GRND?
On 3 years of weekly data the CARG/GRND correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.41). The 5-year figure is 0.01, and annualized covariance runs at 749.3 %².
Within CARG's tracked universe of 17 assets, GRND comes in at #11 by 3-year correlation. The trailing year gives CARG the advantage: +6.1% versus -1.4%, a 7.5-point spread.
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.
CARG vs GRND: side by side
| CARG (CarGurus, Inc.) | GRND (Grindr Inc.) | |
|---|---|---|
| 1-year return | +6.1% | -1.4% |
| 5-year return | +17.1% | +52.4% |
| Volatility (ann.) | 39.4% | 46.8% |
| Beta vs S&P 500 | 1.12 | 0.69 |
| Max drawdown (3Y) | -37.9% | -60.2% |
| Market cap | $3.2B | $2.7B |
| P/E (trailing) | 18.6 | 33.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARG | GRND |
|---|---|---|
| 2022 | -58.4% | -54.1% |
| 2023 | +72.4% | +88.8% |
| 2024 | +51.2% | +103.2% |
| 2025 | +5.0% | -24.1% |
| 2026 | -5.2% | +13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARG and GRND good diversifiers for each other?
Reasonably. At 0.41, CARG and GRND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CARG and GRND?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.59 over the last year and 0.01 over 5 years.
Is GRND a good diversifier for CARG?
Reasonably. At 0.41, CARG and GRND keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/carg-vs-grnd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/carg-vs-grnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CARG correlations · GRND correlations
