GENI vs SHOP: Correlation
Measured on weekly returns over the past three years, Genius Sports Limited (GENI) and Shopify Inc. - Class A Subordinate Voting Shares (SHOP) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GENI and SHOP?
On 3 years of weekly data the GENI/SHOP correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 1624.2 %².
In GENI's tracked universe of 11 assets, SHOP sits right near the top at #2. The last year tells two different stories: SHOP led by 48.2 percentage points, -37.9% for GENI against +10.3% for SHOP.
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.
GENI vs SHOP: side by side
| GENI (Genius Sports Limited) | SHOP (Shopify Inc. - Class A Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -37.9% | +10.3% |
| 5-year return | -59.5% | -0.4% |
| Volatility (ann.) | 55.6% | 61.1% |
| Beta vs S&P 500 | 1.37 | 2.40 |
| Max drawdown (3Y) | -71.1% | -46.7% |
| Market cap | $2.1B | $200.3B |
| P/E (trailing) | – | 102.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GENI | SHOP |
|---|---|---|
| 2022 | -53.0% | -74.8% |
| 2023 | +73.1% | +124.4% |
| 2024 | +40.0% | +36.5% |
| 2025 | +27.4% | +51.4% |
| 2026 | -27.8% | -4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GENI and SHOP good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GENI and SHOP?
As of 2026-08-27, the correlation of weekly returns between GENI and SHOP is 0.48 over 3 years, 0.50 over 1 year and 0.48 over 5 years.
Is SHOP a good diversifier for GENI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/geni-vs-shop.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/geni-vs-shop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GENI correlations · SHOP correlations
