GRWG vs MNTK: Correlation
GrowGeneration Corp. (GRWG) and Montauk Renewables, Inc. (MNTK) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRWG and MNTK?
Over the past 3 years, GRWG and MNTK moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 2764.1 %².
By 3-year correlation, MNTK places #5 of the 18 assets tracked against GRWG. Correlation aside, the last 12 months split them widely, with GRWG ahead by 16.6 points (-1.2% versus -17.8%).
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 MNTK: side by side
| GRWG (GrowGeneration Corp.) | MNTK (Montauk Renewables, Inc.) | |
|---|---|---|
| 1-year return | -1.2% | -17.8% |
| 5-year return | -94.6% | -78.7% |
| Volatility (ann.) | 79.8% | 74.0% |
| Beta vs S&P 500 | 1.88 | 1.62 |
| Max drawdown (3Y) | -76.3% | -89.6% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 36.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRWG | MNTK |
|---|---|---|
| 2022 | -70.0% | +7.6% |
| 2023 | -36.0% | -19.2% |
| 2024 | -32.7% | -55.3% |
| 2025 | -11.2% | -58.0% |
| 2026 | +10.7% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and MNTK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRWG and MNTK?
The GRWG/MNTK correlation stands at 0.47 on a 3-year window (1 year: 0.21, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is MNTK a good diversifier for GRWG?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/grwg-vs-mntk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grwg-vs-mntk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRWG correlations · MNTK correlations
