GROV vs TPST: Correlation
Grove Collaborative Holdings, Inc. (GROV) and Tempest Therapeutics, Inc. (TPST) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GROV and TPST?
Over the past 3 years, GROV and TPST moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus -0.28 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -12489.6 %².
Out of 11 assets tracked against GROV, TPST lands near the bottom at #11. The last year tells two different stories: GROV led by 54.2 percentage points, -35.8% for GROV against -90.0% for TPST. One caveat on sizing: TPST is 13.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TPST: side by side
| GROV (Grove Collaborative Holdings, Inc.) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -35.8% | -90.0% |
| 5-year return | -97.9% | -99.4% |
| Volatility (ann.) | 57.5% | 782.8% |
| Beta vs S&P 500 | 0.33 | 1.97 |
| Max drawdown (3Y) | -74.4% | -99.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GROV | TPST |
|---|---|---|
| 2022 | -96.0% | -78.2% |
| 2023 | -11.3% | +282.6% |
| 2024 | -21.5% | -81.0% |
| 2025 | -20.9% | -73.6% |
| 2026 | -9.5% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GROV and TPST good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GROV and TPST?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with 0.35 over the last year and -0.13 over 5 years.
Is TPST a good diversifier for GROV?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GROV correlations · TPST correlations
