GROV vs INKT: Correlation
Grove Collaborative Holdings, Inc. (GROV) and MiNK Therapeutics, Inc. (INKT) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GROV and INKT?
Across a 3-year window, the weekly returns of GROV and INKT correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.17, with an annualized covariance of 8008.0 %².
In GROV's tracked universe of 11 assets, INKT sits right near the top at #3. On 12-month performance INKT holds a 8.9-point edge, -35.8% against -26.9%. Risk is not evenly split, since INKT carries 8.1 times the volatility of the other side.
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.
GROV vs INKT: side by side
| GROV (Grove Collaborative Holdings, Inc.) | INKT (MiNK Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -35.8% | -26.9% |
| 5-year return | -97.9% | -90.3% |
| Volatility (ann.) | 57.5% | 464.2% |
| Beta vs S&P 500 | 0.33 | 0.50 |
| Max drawdown (3Y) | -74.4% | -86.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GROV | INKT |
|---|---|---|
| 2022 | -96.0% | -41.5% |
| 2023 | -11.3% | -59.0% |
| 2024 | -21.5% | -34.9% |
| 2025 | -20.9% | +60.0% |
| 2026 | -9.5% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GROV and INKT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GROV and INKT?
As of 2026-08-27, the correlation of weekly returns between GROV and INKT is 0.30 over 3 years, 0.12 over 1 year and 0.17 over 5 years.
Is INKT a good diversifier for GROV?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/grov-vs-inkt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grov-vs-inkt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GROV correlations · INKT correlations
