GROV vs RES: Correlation
How closely do Grove Collaborative Holdings, Inc. (GROV) and RPC, Inc. (RES) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GROV and RES?
Over the past 3 years, GROV and RES moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.22). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -570.7 %².
RES is close to the least connected end of GROV's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months RES outperformed by 76.3 percentage points (-35.8% for GROV against +40.5% for RES).
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 RES: side by side
| GROV (Grove Collaborative Holdings, Inc.) | RES (RPC, Inc.) | |
|---|---|---|
| 1-year return | -35.8% | +40.5% |
| 5-year return | -97.9% | +84.8% |
| Volatility (ann.) | 57.5% | 44.2% |
| Beta vs S&P 500 | 0.33 | 0.56 |
| Max drawdown (3Y) | -74.4% | -51.9% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | 58.2 |
| Dividend yield | 0.00% | 2.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GROV | RES |
|---|---|---|
| 2022 | -96.0% | +96.7% |
| 2023 | -11.3% | -16.4% |
| 2024 | -21.5% | -16.4% |
| 2025 | -20.9% | -5.5% |
| 2026 | -9.5% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GROV and RES good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GROV and RES?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.40 over the last year and -0.05 over 5 years.
Is RES a good diversifier for GROV?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/grov-vs-res.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grov-vs-res/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GROV correlations · RES correlations
