GRPN vs XERS: Correlation
Measured on weekly returns over the past three years, Groupon, Inc. (GRPN) and Xeris Biopharma Holdings, Inc. (XERS) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRPN and XERS?
Over the past 3 years, GRPN and XERS moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 2331.9 %².
Among the 11 assets we track against GRPN, XERS ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XERS outperformed by 33.4 percentage points (-25.8% for GRPN against +7.6% for XERS). One caveat on sizing: GRPN is 1.6 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.
GRPN vs XERS: side by side
| GRPN (Groupon, Inc.) | XERS (Xeris Biopharma Holdings, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | +7.6% |
| 5-year return | -17.9% | +212.7% |
| Volatility (ann.) | 91.7% | 58.5% |
| Beta vs S&P 500 | 1.87 | 1.29 |
| Max drawdown (3Y) | -74.2% | -47.2% |
| Market cap | $0.8B | $1.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRPN | XERS |
|---|---|---|
| 2022 | -63.0% | -54.6% |
| 2023 | +49.7% | +76.7% |
| 2024 | -5.4% | +44.3% |
| 2025 | +44.9% | +131.6% |
| 2026 | +10.6% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRPN and XERS good diversifiers for each other?
Reasonably. At 0.43, GRPN and XERS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRPN and XERS?
The GRPN/XERS correlation stands at 0.43 on a 3-year window (1 year: 0.37, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is XERS a good diversifier for GRPN?
Reasonably. At 0.43, GRPN and XERS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/grpn-vs-xers.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grpn-vs-xers/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRPN correlations · XERS correlations
