ENR vs GO: Correlation
How closely do Energizer Holdings, Inc. (ENR) and Grocery Outlet Holding Corp. (GO) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and GO?
On 3 years of weekly data the ENR/GO correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.45). The 5-year figure is 0.39, and annualized covariance runs at 966.6 %².
By 3-year correlation, GO places #6 of the 13 assets tracked against ENR. The last year tells two different stories: ENR led by 20.4 percentage points, -16.4% for ENR against -36.8% for GO.
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.
ENR vs GO: side by side
| ENR (Energizer Holdings, Inc.) | GO (Grocery Outlet Holding Corp.) | |
|---|---|---|
| 1-year return | -16.4% | -36.8% |
| 5-year return | -30.7% | -54.0% |
| Volatility (ann.) | 41.2% | 52.6% |
| Beta vs S&P 500 | 0.78 | 0.76 |
| Max drawdown (3Y) | -56.1% | -81.7% |
| Market cap | $1.5B | $1.2B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENR | GO |
|---|---|---|
| 2022 | -13.2% | +3.2% |
| 2023 | -2.2% | -7.6% |
| 2024 | +14.4% | -42.1% |
| 2025 | -40.1% | -35.3% |
| 2026 | +16.3% | +15.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and GO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENR and GO?
As of 2026-08-27, the correlation of weekly returns between ENR and GO is 0.45 over 3 years, 0.34 over 1 year and 0.39 over 5 years.
Is GO a good diversifier for ENR?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/enr-vs-go.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enr-vs-go/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENR correlations · GO correlations
