PODD vs SRPT: Correlation
Measured on weekly returns over the past three years, Insulet Corporation (PODD) and Sarepta Therapeutics, Inc. (SRPT) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and SRPT?
Across a 3-year window, the weekly returns of PODD and SRPT correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.17 over 3. Stretching to 5 years gives -0.07, with an annualized covariance of -508.5 %².
Within PODD's tracked universe of 31 assets, SRPT comes in at #23 by 3-year correlation. The last year tells two different stories: SRPT led by 76.6 percentage points, -57.1% for PODD against +19.5% for SRPT. Note the risk asymmetry: SRPT runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PODD vs SRPT: side by side
| PODD (Insulet Corporation) | SRPT (Sarepta Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -57.1% | +19.5% |
| 5-year return | -51.6% | -71.5% |
| Volatility (ann.) | 38.9% | 75.7% |
| Beta vs S&P 500 | 0.67 | 1.09 |
| Max drawdown (3Y) | -62.2% | -92.7% |
| Market cap | $9.9B | $2.3B |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | PODD | SRPT |
|---|---|---|
| 2022 | +10.6% | +43.9% |
| 2023 | -26.3% | -25.6% |
| 2024 | +20.3% | +26.1% |
| 2025 | +8.9% | -82.3% |
| 2026 | -49.5% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and SRPT good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PODD and SRPT?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.17 over the last year and -0.07 over 5 years.
Is SRPT a good diversifier for PODD?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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
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Related comparisons
Hubs: PODD correlations · SRPT correlations
