BIVI vs GJR: Correlation
How closely do BioVie Inc. (BIVI) and Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIVI and GJR?
Over the past 3 years, BIVI and GJR moved with a correlation of 0.25, which is weak. Recent behaviour matches the longer record: 0.35 over 1 year against 0.25 over 3. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 283.8 %².
By 3-year correlation, GJR places #6 of the 12 assets tracked against BIVI. The last year tells two different stories: BIVI led by 32.3 percentage points, +35.2% for BIVI against +2.9% for GJR. Note the risk asymmetry: BIVI runs 17.3 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.
BIVI vs GJR: side by side
| BIVI (BioVie Inc.) | GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | |
|---|---|---|
| 1-year return | +35.2% | +2.9% |
| 5-year return | -99.7% | +39.3% |
| Volatility (ann.) | 139.8% | 8.1% |
| Beta vs S&P 500 | 1.45 | 0.01 |
| Max drawdown (3Y) | -99.8% | -4.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIVI | GJR |
|---|---|---|
| 2022 | +72.7% | +9.2% |
| 2023 | -83.8% | +11.4% |
| 2024 | -84.1% | +3.9% |
| 2025 | -94.2% | +4.6% |
| 2026 | +88.8% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIVI and GJR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BIVI and GJR?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.35 over the last year and 0.09 over 5 years.
Is GJR a good diversifier for BIVI?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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[](https://www.pairbook.io/pair/bivi-vs-gjr/)
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Related comparisons
Hubs: BIVI correlations · GJR correlations
