GLAS vs GRWG: Correlation
Measured on weekly returns over the past three years, Glass House Brands Inc. Subordinate Voting Shares (GLAS) and GrowGeneration Corp. (GRWG) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and GRWG?
Across a 3-year window, the weekly returns of GLAS and GRWG correlate at 0.41, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.41). Stretching to 5 years gives 0.29, with an annualized covariance of 2045.3 %².
GRWG is one of the assets that tracks GLAS most closely: it ranks #3 out of the 11 assets we track against GLAS. Correlation aside, the last 12 months split them widely, with GLAS ahead by 19.9 points (+18.7% versus -1.2%).
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.
GLAS vs GRWG: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | GRWG (GrowGeneration Corp.) | |
|---|---|---|
| 1-year return | +18.7% | -1.2% |
| 5-year return | +124.8% | -94.6% |
| Volatility (ann.) | 62.8% | 79.8% |
| Beta vs S&P 500 | 0.87 | 1.88 |
| Max drawdown (3Y) | -61.4% | -76.3% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAS | GRWG |
|---|---|---|
| 2022 | -50.2% | -70.0% |
| 2023 | +147.6% | -36.0% |
| 2024 | +22.6% | -32.7% |
| 2025 | +52.6% | -11.2% |
| 2026 | +10.5% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and GRWG good diversifiers for each other?
Reasonably. At 0.41, GLAS and GRWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GLAS and GRWG?
The GLAS/GRWG correlation stands at 0.41 on a 3-year window (1 year: 0.52, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is GRWG a good diversifier for GLAS?
Reasonably. At 0.41, GLAS and GRWG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glas-vs-grwg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glas-vs-grwg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLAS correlations · GRWG correlations
