GRND vs QTWO: Correlation
Measured on weekly returns over the past three years, Grindr Inc. (GRND) and Q2 Holdings, Inc. (QTWO) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRND and QTWO?
Over the past 3 years, GRND and QTWO moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 870.2 %².
In GRND's tracked universe of 11 assets, QTWO sits right near the top at #2. On 12-month performance GRND holds a 14.6-point edge, -1.4% against -16.0%.
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 QTWO: side by side
| GRND (Grindr Inc.) | QTWO (Q2 Holdings, Inc.) | |
|---|---|---|
| 1-year return | -1.4% | -16.0% |
| 5-year return | +52.4% | -24.7% |
| Volatility (ann.) | 46.8% | 41.9% |
| Beta vs S&P 500 | 0.69 | 1.41 |
| Max drawdown (3Y) | -60.2% | -62.0% |
| Market cap | $2.7B | $4.1B |
| P/E (trailing) | 33.4 | 45.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRND | QTWO |
|---|---|---|
| 2022 | -54.1% | -66.2% |
| 2023 | +88.8% | +61.6% |
| 2024 | +103.2% | +131.9% |
| 2025 | -24.1% | -28.3% |
| 2026 | +13.4% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRND and QTWO good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GRND and QTWO?
The GRND/QTWO correlation stands at 0.44 on a 3-year window (1 year: 0.48, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is QTWO a good diversifier for GRND?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grnd-vs-qtwo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/grnd-vs-qtwo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRND correlations · QTWO correlations
