COLL vs GROV: Correlation
Collegium Pharmaceutical, Inc. (COLL) and Grove Collaborative Holdings, Inc. (GROV) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLL and GROV?
On 3 years of weekly data the COLL/GROV correlation comes out at 0.29, weak. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.29). The 5-year figure is 0.12, and annualized covariance runs at 623.6 %².
By 3-year correlation, GROV places #6 of the 15 assets tracked against COLL. Twelve-month performance is nearly a tie, at -31.8% for COLL and -35.8% for GROV. Note the risk asymmetry: GROV runs 1.5 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.
COLL vs GROV: side by side
| COLL (Collegium Pharmaceutical, Inc.) | GROV (Grove Collaborative Holdings, Inc.) | |
|---|---|---|
| 1-year return | -31.8% | -35.8% |
| 5-year return | +30.2% | -97.9% |
| Volatility (ann.) | 38.1% | 57.5% |
| Beta vs S&P 500 | 0.41 | 0.33 |
| Max drawdown (3Y) | -48.4% | -74.4% |
| Market cap | $0.8B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COLL | GROV |
|---|---|---|
| 2022 | +24.2% | -96.0% |
| 2023 | +32.7% | -11.3% |
| 2024 | -6.9% | -21.5% |
| 2025 | +61.6% | -20.9% |
| 2026 | -42.9% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLL and GROV good diversifiers for each other?
Reasonably. At 0.29, COLL and GROV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COLL and GROV?
The COLL/GROV correlation stands at 0.29 on a 3-year window (1 year: 0.52, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is GROV a good diversifier for COLL?
Reasonably. At 0.29, COLL and GROV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/coll-vs-grov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/coll-vs-grov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COLL correlations · GROV correlations
