BURL vs GJS: Correlation
Burlington Stores, Inc. (BURL) 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 BURL and GJS?
Across a 3-year window, the weekly returns of BURL and GJS correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -62.2 %².
GJS is close to the least connected end of BURL's tracked universe, ranking #11 of 14. Neither side won the trailing year by much: +3.5% against +6.3%. One caveat on sizing: BURL is 5.4 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.
BURL vs GJS: side by side
| BURL (Burlington Stores, Inc.) | GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | |
|---|---|---|
| 1-year return | +3.5% | +6.3% |
| 5-year return | -3.9% | +42.1% |
| Volatility (ann.) | 38.7% | 7.2% |
| Beta vs S&P 500 | 0.87 | 0.03 |
| Max drawdown (3Y) | -28.4% | -3.9% |
| Market cap | $18.3B | – |
| P/E (trailing) | 32.3 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BURL | GJS |
|---|---|---|
| 2022 | -30.4% | +0.8% |
| 2023 | -4.1% | +11.1% |
| 2024 | +46.6% | +10.2% |
| 2025 | +1.3% | +8.4% |
| 2026 | +0.4% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BURL 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 BURL and GJS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.20 over the last year and -0.09 over 5 years.
Is GJS a good diversifier for BURL?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/burl-vs-gjs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/burl-vs-gjs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BURL correlations · GJS correlations
