GRWG vs TRLV: Correlation
GrowGeneration Corp. (GRWG) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRWG and TRLV?
Over the past 3 years, GRWG and TRLV moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 3149.2 %².
Within GRWG's tracked universe of 18 assets, TRLV comes in at #6 by 3-year correlation. The last year tells two different stories: TRLV led by 23.9 percentage points, -1.2% for GRWG against +22.7% for TRLV.
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 TRLV: side by side
| GRWG (GrowGeneration Corp.) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -1.2% | +22.7% |
| 5-year return | -94.6% | -59.1% |
| Volatility (ann.) | 79.8% | 89.9% |
| Beta vs S&P 500 | 1.88 | 1.02 |
| Max drawdown (3Y) | -76.3% | -77.5% |
| Market cap | $0.1B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRWG | TRLV |
|---|---|---|
| 2022 | -70.0% | -70.9% |
| 2023 | -36.0% | -31.2% |
| 2024 | -32.7% | -0.5% |
| 2025 | -11.2% | +67.6% |
| 2026 | +10.7% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and TRLV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GRWG and TRLV?
The GRWG/TRLV correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TRLV a good diversifier for GRWG?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-trlv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grwg-vs-trlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRWG correlations · TRLV correlations
