AIRG vs GJT: Correlation
Measured on weekly returns over the past three years, Airgain, Inc. (AIRG) and Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRG and GJT?
Over the past 3 years, AIRG and GJT moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -151.3 %².
Among the 11 assets we track against AIRG, GJT sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with AIRG ahead by 17.2 points (+25.8% versus +8.6%). One caveat on sizing: AIRG is 9.9 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.
AIRG vs GJT: side by side
| AIRG (Airgain, Inc.) | GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | |
|---|---|---|
| 1-year return | +25.8% | +8.6% |
| 5-year return | -63.5% | +44.3% |
| Volatility (ann.) | 72.0% | 7.3% |
| Beta vs S&P 500 | 1.03 | -0.02 |
| Max drawdown (3Y) | -70.2% | -5.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIRG | GJT |
|---|---|---|
| 2022 | -38.8% | +4.5% |
| 2023 | -45.3% | +13.6% |
| 2024 | +98.3% | +10.6% |
| 2025 | -42.5% | +6.2% |
| 2026 | +29.6% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRG and GJT good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRG and GJT?
As of 2026-08-27, the correlation of weekly returns between AIRG and GJT is -0.29 over 3 years, -0.25 over 1 year and -0.18 over 5 years.
Is GJT a good diversifier for AIRG?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/airg-vs-gjt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/airg-vs-gjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIRG correlations · GJT correlations
