GPAT vs PODD: Correlation
GP-Act III Acquisition Corp. - Class A (GPAT) and Insulet Corporation (PODD) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPAT and PODD?
On 3 years of weekly data the GPAT/PODD correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.28 versus -0.16 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -17.7 %².
By 3-year correlation, PODD places #10 of the 22 assets tracked against GPAT. The last year tells two different stories: GPAT led by 60.5 percentage points, +3.4% for GPAT against -57.1% for PODD. Risk is not evenly split, since PODD carries 12.2 times the volatility of the other side.
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.
GPAT vs PODD: side by side
| GPAT (GP-Act III Acquisition Corp. - Class A) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | +3.4% | -57.1% |
| 5-year return | n/a | -51.6% |
| Volatility (ann.) | 3.2% | 38.9% |
| Beta vs S&P 500 | 0.05 | 0.67 |
| Max drawdown (3Y) | -2.1% | -62.2% |
| Market cap | $0.2B | $9.9B |
| P/E (trailing) | 44.6 | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GPAT | PODD |
|---|---|---|
| 2022 | – | +10.6% |
| 2023 | – | -26.3% |
| 2024 | – | +20.3% |
| 2025 | +5.4% | +8.9% |
| 2026 | +2.2% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPAT and PODD good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between GPAT and PODD?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.28 over the last year and n/a over 5 years.
Is PODD a good diversifier for GPAT?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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/gpat-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpat-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPAT correlations · PODD correlations
