DELL vs GJR: Correlation
Dell Technologies (DELL) and Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and GJR?
Over the past 3 years, DELL and GJR moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -88.5 %².
Within DELL's tracked universe of 29 assets, GJR comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DELL ahead by 258.1 points (+261.0% versus +2.9%). Risk is not evenly split, since DELL carries 7.6 times the volatility of the other side.
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.
DELL vs GJR: side by side
| DELL (Dell Technologies) | GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | |
|---|---|---|
| 1-year return | +261.0% | +2.9% |
| 5-year return | +945.0% | +39.3% |
| Volatility (ann.) | 61.3% | 8.1% |
| Beta vs S&P 500 | 2.02 | 0.01 |
| Max drawdown (3Y) | -59.6% | -4.4% |
| Market cap | $305.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | – |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DELL | GJR |
|---|---|---|
| 2022 | -26.6% | +9.2% |
| 2023 | +95.9% | +11.4% |
| 2024 | +53.0% | +3.9% |
| 2025 | +11.2% | +4.6% |
| 2026 | +278.6% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and GJR good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between DELL and GJR?
As of 2026-08-27, the correlation of weekly returns between DELL and GJR is -0.18 over 3 years, -0.26 over 1 year and -0.10 over 5 years.
Is GJR a good diversifier for DELL?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/dell-vs-gjr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dell-vs-gjr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DELL correlations · GJR correlations
