GO vs USPH: Correlation
Grocery Outlet Holding Corp. (GO) and U.S. Physical Therapy, Inc. (USPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GO and USPH?
On 3 years of weekly data the GO/USPH correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.43). The 5-year figure is 0.30, and annualized covariance runs at 760.2 %².
USPH is one of the assets that tracks GO most closely: it ranks #3 out of the 12 assets we track against GO. Their recent paths diverged sharply: over the last 12 months USPH outperformed by 32.7 percentage points (-36.8% for GO against -4.1% for USPH). Note the risk asymmetry: GO runs 1.6 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.
GO vs USPH: side by side
| GO (Grocery Outlet Holding Corp.) | USPH (U.S. Physical Therapy, Inc.) | |
|---|---|---|
| 1-year return | -36.8% | -4.1% |
| 5-year return | -54.0% | -25.3% |
| Volatility (ann.) | 52.6% | 33.7% |
| Beta vs S&P 500 | 0.76 | 0.84 |
| Max drawdown (3Y) | -81.7% | -45.4% |
| Market cap | $1.2B | $1.2B |
| P/E (trailing) | – | 465.3 |
| Dividend yield | 0.00% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GO | USPH |
|---|---|---|
| 2022 | +3.2% | -13.7% |
| 2023 | -7.6% | +17.0% |
| 2024 | -42.1% | -3.0% |
| 2025 | -35.3% | -9.9% |
| 2026 | +15.8% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GO and USPH good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GO and USPH?
As of 2026-08-27, the correlation of weekly returns between GO and USPH is 0.43 over 3 years, 0.28 over 1 year and 0.30 over 5 years.
Is USPH a good diversifier for GO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/go-vs-usph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/go-vs-usph/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GO correlations · USPH correlations
