CARG vs YELP: Correlation
CarGurus, Inc. (CARG) and Yelp Inc. (YELP) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARG and YELP?
Across a 3-year window, the weekly returns of CARG and YELP correlate at 0.55, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.55). Stretching to 5 years gives 0.41, with an annualized covariance of 707.7 %².
YELP is one of the assets that tracks CARG most closely: it ranks #2 out of the 17 assets we track against CARG. The last year tells two different stories: CARG led by 34.7 percentage points, +6.1% for CARG against -28.6% for YELP.
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 YELP: side by side
| CARG (CarGurus, Inc.) | YELP (Yelp Inc.) | |
|---|---|---|
| 1-year return | +6.1% | -28.6% |
| 5-year return | +17.1% | -41.2% |
| Volatility (ann.) | 39.4% | 32.4% |
| Beta vs S&P 500 | 1.12 | 0.57 |
| Max drawdown (3Y) | -37.9% | -59.2% |
| Market cap | $3.2B | $1.2B |
| P/E (trailing) | 18.6 | 10.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARG | YELP |
|---|---|---|
| 2022 | -58.4% | -24.6% |
| 2023 | +72.4% | +73.2% |
| 2024 | +51.2% | -18.3% |
| 2025 | +5.0% | -21.5% |
| 2026 | -5.2% | -25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARG and YELP good diversifiers for each other?
Only partially. A correlation of 0.55 means CARG and YELP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CARG and YELP?
As of 2026-08-27, the correlation of weekly returns between CARG and YELP is 0.55 over 3 years, 0.72 over 1 year and 0.41 over 5 years.
Is YELP a good diversifier for CARG?
Only partially. A correlation of 0.55 means CARG and YELP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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-yelp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/carg-vs-yelp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARG correlations · YELP correlations
