AAME vs GDOT: Correlation
How closely do Atlantic American Corporation (AAME) and Green Dot Corporation (GDOT) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and GDOT?
Across a 3-year window, the weekly returns of AAME and GDOT correlate at 0.31, moderate. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.31). Stretching to 5 years gives 0.26, with an annualized covariance of 949.2 %².
GDOT is one of the assets that tracks AAME most closely: it ranks #2 out of the 11 assets we track against AAME. Correlation aside, the last 12 months split them widely, with GDOT ahead by 54.0 points (-54.2% versus -0.2%).
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.
AAME vs GDOT: side by side
| AAME (Atlantic American Corporation) | GDOT (Green Dot Corporation) | |
|---|---|---|
| 1-year return | -54.2% | -0.2% |
| 5-year return | -57.7% | -74.3% |
| Volatility (ann.) | 59.6% | 51.2% |
| Beta vs S&P 500 | 0.77 | 0.79 |
| Max drawdown (3Y) | -63.5% | -58.0% |
| Market cap | – | $0.8B |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 1.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAME | GDOT |
|---|---|---|
| 2022 | -4.0% | -56.3% |
| 2023 | +5.9% | -37.4% |
| 2024 | -36.6% | +7.5% |
| 2025 | +86.6% | +20.4% |
| 2026 | -44.5% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and GDOT good diversifiers for each other?
Reasonably. At 0.31, AAME and GDOT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AAME and GDOT?
The AAME/GDOT correlation stands at 0.31 on a 3-year window (1 year: -0.05, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is GDOT a good diversifier for AAME?
Reasonably. At 0.31, AAME and GDOT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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.
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Related comparisons
Hubs: AAME correlations · GDOT correlations
