GRND vs WAY: Correlation
Grindr Inc. (GRND) and Waystar Holding Corp. (WAY) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRND and WAY?
Over the past 3 years, GRND and WAY moved with a correlation of 0.38, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 803.7 %².
By 3-year correlation, WAY places #4 of the 11 assets tracked against GRND. Correlation aside, the last 12 months split them widely, with GRND ahead by 30.7 points (-1.4% versus -32.1%).
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 WAY: side by side
| GRND (Grindr Inc.) | WAY (Waystar Holding Corp.) | |
|---|---|---|
| 1-year return | -1.4% | -32.1% |
| 5-year return | +52.4% | n/a |
| Volatility (ann.) | 46.8% | 43.8% |
| Beta vs S&P 500 | 0.69 | 1.07 |
| Max drawdown (3Y) | -60.2% | -61.8% |
| Market cap | $2.7B | $4.8B |
| P/E (trailing) | 33.4 | 34.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRND | WAY |
|---|---|---|
| 2022 | -54.1% | – |
| 2023 | +88.8% | – |
| 2024 | +103.2% | – |
| 2025 | -24.1% | -10.8% |
| 2026 | +13.4% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRND and WAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRND and WAY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.35 over the last year and n/a over 5 years.
Is WAY a good diversifier for GRND?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-way.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grnd-vs-way/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GRND correlations · WAY correlations
