CRC vs GJS: Correlation
Measured on weekly returns over the past three years, California Resources Corporation (CRC) and Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRC and GJS?
Across a 3-year window, the weekly returns of CRC and GJS correlate at 0.29, weak. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 73.6 %².
Within CRC's tracked universe of 13 assets, GJS comes in at #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +8.5% for CRC and +6.3% for GJS. Note the risk asymmetry: CRC runs 4.8 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.
CRC vs GJS: side by side
| CRC (California Resources Corporation) | GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | |
|---|---|---|
| 1-year return | +8.5% | +6.3% |
| 5-year return | +78.6% | +42.1% |
| Volatility (ann.) | 34.5% | 7.2% |
| Beta vs S&P 500 | 0.59 | 0.03 |
| Max drawdown (3Y) | -44.8% | -3.9% |
| Market cap | $4.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.05% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRC | GJS |
|---|---|---|
| 2022 | +3.7% | +0.8% |
| 2023 | +28.9% | +11.1% |
| 2024 | -2.6% | +10.2% |
| 2025 | -10.8% | +8.4% |
| 2026 | +20.0% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRC and GJS good diversifiers for each other?
Reasonably. At 0.29, CRC and GJS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRC and GJS?
The CRC/GJS correlation stands at 0.29 on a 3-year window (1 year: 0.34, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is GJS a good diversifier for CRC?
Reasonably. At 0.29, CRC and GJS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crc-vs-gjs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crc-vs-gjs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRC correlations · GJS correlations
