CING vs GJO: Correlation
Cingulate Inc. (CING) and Synthetic Fixed-Income Securities, Inc. on behalf of (GJO) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CING and GJO?
On 3 years of weekly data the CING/GJO correlation comes out at 0.24, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.24). The 5-year figure is 0.23, and annualized covariance runs at 682.1 %².
Among the 14 assets we track against CING, GJO ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CING outperformed by 27.5 percentage points (+30.1% for CING against +2.6% for GJO). Note the risk asymmetry: CING runs 58.8 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.
CING vs GJO: side by side
| CING (Cingulate Inc.) | GJO (Synthetic Fixed-Income Securities, Inc. on behalf of) | |
|---|---|---|
| 1-year return | +30.1% | +2.6% |
| 5-year return | -99.5% | +27.3% |
| Volatility (ann.) | 405.7% | 6.9% |
| Beta vs S&P 500 | 3.94 | 0.02 |
| Max drawdown (3Y) | -99.0% | -3.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CING | GJO |
|---|---|---|
| 2022 | -63.8% | +1.6% |
| 2023 | -61.7% | +10.3% |
| 2024 | -94.6% | +5.2% |
| 2025 | -12.0% | +5.6% |
| 2026 | +25.3% | +1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CING and GJO good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CING and GJO?
As of 2026-08-27, the correlation of weekly returns between CING and GJO is 0.24 over 3 years, -0.01 over 1 year and 0.23 over 5 years.
Is GJO a good diversifier for CING?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
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Related comparisons
Hubs: CING correlations · GJO correlations
