GDOT vs MNDO: Correlation
How closely do Green Dot Corporation (GDOT) and MIND C.T.I. Ltd. (MNDO) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and MNDO?
On 3 years of weekly data the GDOT/MNDO correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.16) than the 3-year average (-0.25). The 5-year figure is -0.06, and annualized covariance runs at -317.8 %².
MNDO is close to the least connected end of GDOT's tracked universe, ranking #13 of 14. On 12-month performance GDOT holds a 14.9-point edge, -0.2% against -15.1%. Note the risk asymmetry: GDOT runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MNDO: side by side
| GDOT (Green Dot Corporation) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | -0.2% | -15.1% |
| 5-year return | -74.3% | -51.6% |
| Volatility (ann.) | 51.2% | 24.9% |
| Beta vs S&P 500 | 0.79 | 0.32 |
| Max drawdown (3Y) | -58.0% | -54.6% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDOT | MNDO |
|---|---|---|
| 2022 | -56.3% | -26.5% |
| 2023 | -37.4% | +4.2% |
| 2024 | +7.5% | +13.1% |
| 2025 | +20.4% | -34.9% |
| 2026 | +4.4% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and MNDO good diversifiers for each other?
Yes. With a correlation of -0.25, GDOT and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GDOT and MNDO?
As of 2026-08-27, the correlation of weekly returns between GDOT and MNDO is -0.25 over 3 years, 0.16 over 1 year and -0.06 over 5 years.
Is MNDO a good diversifier for GDOT?
Yes. With a correlation of -0.25, GDOT and MNDO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdot-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDOT correlations · MNDO correlations
