GRND vs JNJ: Correlation
How closely do Grindr Inc. (GRND) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRND and JNJ?
Over the past 3 years, GRND and JNJ moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.28). Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -241.8 %².
JNJ is close to the least connected end of GRND's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with JNJ ahead by 55.1 points (-1.4% versus +53.7%). One caveat on sizing: GRND is 2.5 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.
GRND vs JNJ: side by side
| GRND (Grindr Inc.) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | -1.4% | +53.7% |
| 5-year return | +52.4% | +76.0% |
| Volatility (ann.) | 46.8% | 18.5% |
| Beta vs S&P 500 | 0.69 | 0.05 |
| Max drawdown (3Y) | -60.2% | -14.4% |
| Market cap | $2.7B | $640.5B |
| P/E (trailing) | 33.4 | 30.9 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GRND | JNJ |
|---|---|---|
| 2022 | -54.1% | +6.0% |
| 2023 | +88.8% | -8.6% |
| 2024 | +103.2% | -4.8% |
| 2025 | -24.1% | +47.5% |
| 2026 | +13.4% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRND and JNJ good diversifiers for each other?
Yes. With a correlation of -0.28, GRND and JNJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GRND and JNJ?
As of 2026-08-27, the correlation of weekly returns between GRND and JNJ is -0.28 over 3 years, -0.39 over 1 year and 0.01 over 5 years.
Is JNJ a good diversifier for GRND?
Yes. With a correlation of -0.28, GRND and JNJ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/grnd-vs-jnj.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grnd-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRND correlations · JNJ correlations
