CMRC vs GRPN: Correlation
How closely do Commerce.com, Inc. - Series 1 (CMRC) and Groupon, Inc. (GRPN) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRC and GRPN?
Across a 3-year window, the weekly returns of CMRC and GRPN correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 2322.4 %².
Within CMRC's tracked universe of 16 assets, GRPN comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GRPN outperformed by 24.0 percentage points (-49.8% for CMRC against -25.8% for GRPN). Note the risk asymmetry: GRPN runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMRC vs GRPN: side by side
| CMRC (Commerce.com, Inc. - Series 1) | GRPN (Groupon, Inc.) | |
|---|---|---|
| 1-year return | -49.8% | -25.8% |
| 5-year return | -96.1% | -17.9% |
| Volatility (ann.) | 53.5% | 91.7% |
| Beta vs S&P 500 | 1.40 | 1.87 |
| Max drawdown (3Y) | -81.5% | -74.2% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMRC | GRPN |
|---|---|---|
| 2022 | -75.3% | -63.0% |
| 2023 | +11.3% | +49.7% |
| 2024 | -37.1% | -5.4% |
| 2025 | -32.7% | +44.9% |
| 2026 | -42.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRC and GRPN good diversifiers for each other?
Reasonably. At 0.47, CMRC and GRPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMRC and GRPN?
As of 2026-08-27, the correlation of weekly returns between CMRC and GRPN is 0.47 over 3 years, 0.50 over 1 year and 0.44 over 5 years.
Is GRPN a good diversifier for CMRC?
Reasonably. At 0.47, CMRC and GRPN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CMRC correlations · GRPN correlations
