GDOT vs LIVN: Correlation
How closely do Green Dot Corporation (GDOT) and LivaNova PLC (LIVN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and LIVN?
Over the past 3 years, GDOT and LIVN moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 919.8 %².
Among the 14 assets we track against GDOT, LIVN ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LIVN ahead by 41.9 points (-0.2% versus +41.7%).
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 LIVN: side by side
| GDOT (Green Dot Corporation) | LIVN (LivaNova PLC) | |
|---|---|---|
| 1-year return | -0.2% | +41.7% |
| 5-year return | -74.3% | -2.9% |
| Volatility (ann.) | 51.2% | 40.6% |
| Beta vs S&P 500 | 0.79 | 0.98 |
| Max drawdown (3Y) | -58.0% | -47.2% |
| Market cap | $0.8B | $4.4B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDOT | LIVN |
|---|---|---|
| 2022 | -56.3% | -36.5% |
| 2023 | -37.4% | -6.8% |
| 2024 | +7.5% | -10.5% |
| 2025 | +20.4% | +32.9% |
| 2026 | +4.4% | +30.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and LIVN 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 GDOT and LIVN?
The GDOT/LIVN correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LIVN a good diversifier for GDOT?
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?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdot-vs-livn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdot-vs-livn/)
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Related comparisons
Hubs: GDOT correlations · LIVN correlations
