ANGH vs GJS: Correlation
Anghami Inc. (ANGH) and Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGH and GJS?
Over the past 3 years, ANGH and GJS moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.22). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -194.2 %².
Among the 10 assets we track against ANGH, GJS sits near the bottom by co-movement, at rank #8. Their 12-month results are close: +4.9% for ANGH against +6.3% for GJS. Note the risk asymmetry: ANGH runs 17.2 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.
ANGH vs GJS: side by side
| ANGH (Anghami Inc.) | GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | |
|---|---|---|
| 1-year return | +4.9% | +6.3% |
| 5-year return | -96.5% | +42.1% |
| Volatility (ann.) | 124.2% | 7.2% |
| Beta vs S&P 500 | 0.72 | 0.03 |
| Max drawdown (3Y) | -92.7% | -3.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGH | GJS |
|---|---|---|
| 2022 | -84.3% | +0.8% |
| 2023 | -34.8% | +11.1% |
| 2024 | -20.8% | +10.2% |
| 2025 | -54.2% | +8.4% |
| 2026 | -6.1% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGH and GJS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANGH and GJS?
As of 2026-08-27, the correlation of weekly returns between ANGH and GJS is -0.22 over 3 years, 0.03 over 1 year and -0.15 over 5 years.
Is GJS a good diversifier for ANGH?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANGH correlations · GJS correlations
