GRWG vs HITI: Correlation
Measured on weekly returns over the past three years, GrowGeneration Corp. (GRWG) and High Tide Inc. (HITI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRWG and HITI?
Across a 3-year window, the weekly returns of GRWG and HITI correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 1641.2 %².
By 3-year correlation, HITI places #12 of the 18 assets tracked against GRWG. Their recent paths diverged sharply: over the last 12 months GRWG outperformed by 27.4 percentage points (-1.2% for GRWG against -28.6% for HITI).
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.
GRWG vs HITI: side by side
| GRWG (GrowGeneration Corp.) | HITI (High Tide Inc.) | |
|---|---|---|
| 1-year return | -1.2% | -28.6% |
| 5-year return | -94.6% | -64.1% |
| Volatility (ann.) | 79.8% | 57.1% |
| Beta vs S&P 500 | 1.88 | 0.73 |
| Max drawdown (3Y) | -76.3% | -51.6% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRWG | HITI |
|---|---|---|
| 2022 | -70.0% | -63.8% |
| 2023 | -36.0% | +5.8% |
| 2024 | -32.7% | +89.6% |
| 2025 | -11.2% | -14.2% |
| 2026 | +10.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and HITI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRWG and HITI?
As of 2026-08-27, the correlation of weekly returns between GRWG and HITI is 0.36 over 3 years, 0.38 over 1 year and 0.37 over 5 years.
Is HITI a good diversifier for GRWG?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/grwg-vs-hiti.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grwg-vs-hiti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRWG correlations · HITI correlations
