CFFI vs GJP: Correlation
C&F Financial Corporation (CFFI) and Synthetic Fixed-Income Securities, Inc. on behalf of STRATS (GJP) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFI and GJP?
Over the past 3 years, CFFI and GJP moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.33). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 123.7 %².
Within CFFI's tracked universe of 14 assets, GJP comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CFFI ahead by 24.1 points (+29.7% versus +5.6%). One caveat on sizing: CFFI is 3.6 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.
CFFI vs GJP: side by side
| CFFI (C&F Financial Corporation) | GJP (Synthetic Fixed-Income Securities, Inc. on behalf of STRATS) | |
|---|---|---|
| 1-year return | +29.7% | +5.6% |
| 5-year return | +96.2% | +30.4% |
| Volatility (ann.) | 36.7% | 10.3% |
| Beta vs S&P 500 | 0.73 | 0.13 |
| Max drawdown (3Y) | -50.7% | -5.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 2.05% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFI | GJP |
|---|---|---|
| 2022 | +17.5% | +4.2% |
| 2023 | +20.7% | +7.1% |
| 2024 | +7.8% | +7.2% |
| 2025 | +4.6% | +5.2% |
| 2026 | +26.4% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFI and GJP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CFFI and GJP?
As of 2026-08-27, the correlation of weekly returns between CFFI and GJP is 0.33 over 3 years, 0.08 over 1 year and 0.21 over 5 years.
Is GJP a good diversifier for CFFI?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
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Hubs: CFFI correlations · GJP correlations
