GDOT vs PSKY: Correlation
How closely do Green Dot Corporation (GDOT) and Paramount Skydance Corporation (PSKY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and PSKY?
Over the past 3 years, GDOT and PSKY moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.38 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1071.9 %².
By 3-year correlation, PSKY places #7 of the 14 assets tracked against GDOT. The last year tells two different stories: GDOT led by 25.7 percentage points, -0.2% for GDOT against -25.9% for PSKY.
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 PSKY: side by side
| GDOT (Green Dot Corporation) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | -0.2% | -25.9% |
| 5-year return | -74.3% | -69.8% |
| Volatility (ann.) | 51.2% | 54.4% |
| Beta vs S&P 500 | 0.79 | 0.92 |
| Max drawdown (3Y) | -58.0% | -59.9% |
| Market cap | $0.8B | $12.1B |
| P/E (trailing) | – | 360.0 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | GDOT | PSKY |
|---|---|---|
| 2022 | -56.3% | -41.8% |
| 2023 | -37.4% | -10.4% |
| 2024 | +7.5% | -28.0% |
| 2025 | +20.4% | +30.0% |
| 2026 | +4.4% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and PSKY good diversifiers for each other?
Reasonably. At 0.38, GDOT and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDOT and PSKY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.21 over the last year and 0.38 over 5 years.
Is PSKY a good diversifier for GDOT?
Reasonably. At 0.38, GDOT and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdot-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDOT correlations · PSKY correlations
