GRWG vs IHRT: Correlation
Measured on weekly returns over the past three years, GrowGeneration Corp. (GRWG) and iHeartMedia, Inc. (IHRT) 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 GRWG and IHRT?
On 3 years of weekly data the GRWG/IHRT correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 3327.9 %².
Among the 18 assets we track against GRWG, IHRT ranks #7 by 3-year correlation. The last year tells two different stories: IHRT led by 21.8 percentage points, -1.2% for GRWG against +20.6% for IHRT.
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 IHRT: side by side
| GRWG (GrowGeneration Corp.) | IHRT (iHeartMedia, Inc.) | |
|---|---|---|
| 1-year return | -1.2% | +20.6% |
| 5-year return | -94.6% | -89.2% |
| Volatility (ann.) | 79.8% | 97.6% |
| Beta vs S&P 500 | 1.88 | 1.73 |
| Max drawdown (3Y) | -76.3% | -77.2% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRWG | IHRT |
|---|---|---|
| 2022 | -70.0% | -70.9% |
| 2023 | -36.0% | -56.4% |
| 2024 | -32.7% | -25.8% |
| 2025 | -11.2% | +110.1% |
| 2026 | +10.7% | -35.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and IHRT good diversifiers for each other?
Reasonably. At 0.43, GRWG and IHRT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GRWG and IHRT?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.36 over the last year and 0.36 over 5 years.
Is IHRT a good diversifier for GRWG?
Reasonably. At 0.43, GRWG and IHRT 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/grwg-vs-ihrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grwg-vs-ihrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRWG correlations · IHRT correlations
