EVCM vs GRPN: Correlation
How closely do EverCommerce Inc. (EVCM) and Groupon, Inc. (GRPN) 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 EVCM and GRPN?
On 3 years of weekly data the EVCM/GRPN correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 1984.4 %².
By 3-year correlation, GRPN places #7 of the 17 assets tracked against EVCM. Over the last 12 months EVCM came out ahead by 7.7 percentage points (-18.1% against -25.8%). One caveat on sizing: GRPN is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EVCM vs GRPN: side by side
| EVCM (EverCommerce Inc.) | GRPN (Groupon, Inc.) | |
|---|---|---|
| 1-year return | -18.1% | -25.8% |
| 5-year return | -55.5% | -17.9% |
| Volatility (ann.) | 47.9% | 91.7% |
| Beta vs S&P 500 | 0.95 | 1.87 |
| Max drawdown (3Y) | -35.0% | -74.2% |
| Market cap | $1.7B | $0.8B |
| P/E (trailing) | 58.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVCM | GRPN |
|---|---|---|
| 2022 | -52.8% | -63.0% |
| 2023 | +48.3% | +49.7% |
| 2024 | -0.2% | -5.4% |
| 2025 | +10.0% | +44.9% |
| 2026 | -22.9% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVCM and GRPN 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 EVCM and GRPN?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.43 over the last year and 0.32 over 5 years.
Is GRPN a good diversifier for EVCM?
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?
On the −1 to +1 scale, 0.45 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.
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Related comparisons
Hubs: EVCM correlations · GRPN correlations
