GROV vs METCB: Correlation
How closely do Grove Collaborative Holdings, Inc. (GROV) and Ramaco Resources, Inc. (METCB) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GROV and METCB?
Over the past 3 years, GROV and METCB moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 973.6 %².
By 3-year correlation, METCB places #5 of the 11 assets tracked against GROV. Their recent paths diverged sharply: over the last 12 months GROV outperformed by 17.2 percentage points (-35.8% for GROV against -53.0% for METCB).
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 METCB: side by side
| GROV (Grove Collaborative Holdings, Inc.) | METCB (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | -35.8% | -53.0% |
| 5-year return | -97.9% | n/a |
| Volatility (ann.) | 57.5% | 59.3% |
| Beta vs S&P 500 | 0.33 | 0.57 |
| Max drawdown (3Y) | -74.4% | -71.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GROV | METCB |
|---|---|---|
| 2022 | -96.0% | – |
| 2023 | -11.3% | – |
| 2024 | -21.5% | -17.4% |
| 2025 | -20.9% | +25.9% |
| 2026 | -9.5% | -34.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GROV and METCB good diversifiers for each other?
Reasonably. At 0.29, GROV and METCB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GROV and METCB?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.14 over the last year and n/a over 5 years.
Is METCB a good diversifier for GROV?
Reasonably. At 0.29, GROV and METCB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
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Related comparisons
Hubs: GROV correlations · METCB correlations
