GDOT vs KE: Correlation
Green Dot Corporation (GDOT) and Kimball Electronics, Inc. (KE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and KE?
Across a 3-year window, the weekly returns of GDOT and KE correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.52 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 1126.1 %².
Few assets follow GDOT as closely as KE, which ranks #1 of 14 tracked partners. Over the last 12 months GDOT came out ahead by 14.8 percentage points (-0.2% against -15.0%).
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.
GDOT vs KE: side by side
| GDOT (Green Dot Corporation) | KE (Kimball Electronics, Inc.) | |
|---|---|---|
| 1-year return | -0.2% | -15.0% |
| 5-year return | -74.3% | +0.6% |
| Volatility (ann.) | 51.2% | 42.0% |
| Beta vs S&P 500 | 0.79 | 1.22 |
| Max drawdown (3Y) | -58.0% | -58.5% |
| Market cap | $0.8B | $0.6B |
| P/E (trailing) | – | 21.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDOT | KE |
|---|---|---|
| 2022 | -56.3% | +3.8% |
| 2023 | -37.4% | +19.3% |
| 2024 | +7.5% | -30.5% |
| 2025 | +20.4% | +48.5% |
| 2026 | +4.4% | -13.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and KE good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GDOT and KE?
The GDOT/KE correlation stands at 0.52 on a 3-year window (1 year: 0.20, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is KE a good diversifier for GDOT?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/gdot-vs-ke.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdot-vs-ke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDOT correlations · KE correlations
