GHRS vs ZIP: Correlation
GH Research PLC (GHRS) and ZipRecruiter, Inc. (ZIP) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GHRS and ZIP?
Over the past 3 years, GHRS and ZIP moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.36). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1894.5 %².
Within GHRS's tracked universe of 10 assets, ZIP comes in at #4 by 3-year correlation. The last year tells two different stories: GHRS led by 125.2 percentage points, +110.2% for GHRS against -15.0% for ZIP.
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.
GHRS vs ZIP: side by side
| GHRS (GH Research PLC) | ZIP (ZipRecruiter, Inc.) | |
|---|---|---|
| 1-year return | +110.2% | -15.0% |
| 5-year return | +34.4% | -82.4% |
| Volatility (ann.) | 70.0% | 76.2% |
| Beta vs S&P 500 | 1.07 | 1.99 |
| Max drawdown (3Y) | -57.5% | -89.7% |
| Market cap | $2.0B | $0.4B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GHRS | ZIP |
|---|---|---|
| 2022 | -58.3% | -34.2% |
| 2023 | -40.3% | -15.3% |
| 2024 | +20.7% | -47.9% |
| 2025 | +81.4% | -46.1% |
| 2026 | +125.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GHRS and ZIP good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GHRS and ZIP?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.48 over the last year and 0.27 over 5 years.
Is ZIP a good diversifier for GHRS?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/ghrs-vs-zip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ghrs-vs-zip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GHRS correlations · ZIP correlations
