GDOT vs SKIN: Correlation
Measured on weekly returns over the past three years, Green Dot Corporation (GDOT) and SkinHealth Systems Inc. (SKIN) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDOT and SKIN?
Over the past 3 years, GDOT and SKIN moved with a correlation of 0.40, which is moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.40). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 1883.3 %².
Among the 14 assets we track against GDOT, SKIN ranks #6 by 3-year correlation. The last year tells two different stories: GDOT led by 66.1 percentage points, -0.2% for GDOT against -66.3% for SKIN. One caveat on sizing: SKIN is 1.8 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 SKIN: side by side
| GDOT (Green Dot Corporation) | SKIN (SkinHealth Systems Inc.) | |
|---|---|---|
| 1-year return | -0.2% | -66.3% |
| 5-year return | -74.3% | -97.2% |
| Volatility (ann.) | 51.2% | 91.5% |
| Beta vs S&P 500 | 0.79 | 1.76 |
| Max drawdown (3Y) | -58.0% | -91.4% |
| 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 | SKIN |
|---|---|---|
| 2022 | -56.3% | -62.3% |
| 2023 | -37.4% | -65.8% |
| 2024 | +7.5% | -48.9% |
| 2025 | +20.4% | -12.6% |
| 2026 | +4.4% | -50.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDOT and SKIN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDOT and SKIN?
The GDOT/SKIN correlation stands at 0.40 on a 3-year window (1 year: 0.09, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SKIN a good diversifier for GDOT?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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-skin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdot-vs-skin/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDOT correlations · SKIN correlations
