AIFF vs GJS: Correlation
How closely do Firefly Neuroscience, Inc. (AIFF) and Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIFF and GJS?
Over the past 3 years, AIFF and GJS moved with a correlation of 0.28, which is weak. The past 12 months show a tighter link (0.39) than the 3-year average (0.28). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 392.6 %².
Within AIFF's tracked universe of 15 assets, GJS comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GJS outperformed by 65.2 percentage points (-58.9% for AIFF against +6.3% for GJS). One caveat on sizing: AIFF is 26.4 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.
AIFF vs GJS: side by side
| AIFF (Firefly Neuroscience, Inc.) | GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | |
|---|---|---|
| 1-year return | -58.9% | +6.3% |
| 5-year return | -98.8% | +42.1% |
| Volatility (ann.) | 190.4% | 7.2% |
| Beta vs S&P 500 | 1.78 | 0.03 |
| Max drawdown (3Y) | -95.9% | -3.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIFF | GJS |
|---|---|---|
| 2022 | -90.3% | +0.8% |
| 2023 | -64.8% | +11.1% |
| 2024 | -47.7% | +10.2% |
| 2025 | -66.8% | +8.4% |
| 2026 | +22.7% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIFF and GJS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIFF and GJS?
The AIFF/GJS correlation stands at 0.28 on a 3-year window (1 year: 0.39, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is GJS a good diversifier for AIFF?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/aiff-vs-gjs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiff-vs-gjs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIFF correlations · GJS correlations
