GDOT vs MYO: Correlation
Measured on weekly returns over the past three years, Green Dot Corporation (GDOT) and Myomo Inc. (MYO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and MYO?
Across a 3-year window, the weekly returns of GDOT and MYO correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.27) than the 3-year average (-0.24). Stretching to 5 years gives -0.12, with an annualized covariance of -1227.5 %².
MYO is close to the least connected end of GDOT's tracked universe, ranking #12 of 14. Their recent paths diverged sharply: over the last 12 months MYO outperformed by 48.4 percentage points (-0.2% for GDOT against +48.2% for MYO). One caveat on sizing: MYO is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MYO: side by side
| GDOT (Green Dot Corporation) | MYO (Myomo Inc.) | |
|---|---|---|
| 1-year return | -0.2% | +48.2% |
| 5-year return | -74.3% | -84.2% |
| Volatility (ann.) | 51.2% | 99.7% |
| Beta vs S&P 500 | 0.79 | 1.92 |
| Max drawdown (3Y) | -58.0% | -90.8% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDOT | MYO |
|---|---|---|
| 2022 | -56.3% | -92.5% |
| 2023 | -37.4% | +880.4% |
| 2024 | +7.5% | +28.5% |
| 2025 | +20.4% | -85.9% |
| 2026 | +4.4% | +82.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and MYO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GDOT and MYO?
The GDOT/MYO correlation stands at -0.24 on a 3-year window (1 year: 0.27, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is MYO a good diversifier for GDOT?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/gdot-vs-myo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdot-vs-myo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDOT correlations · MYO correlations
