GJO vs INM: Correlation
Synthetic Fixed-Income Securities, Inc. on behalf of (GJO) and InMed Pharmaceuticals Inc. (INM) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJO and INM?
Across a 3-year window, the weekly returns of GJO and INM correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.26). Stretching to 5 years gives -0.20, with an annualized covariance of -310.1 %².
Out of 16 assets tracked against GJO, INM lands near the bottom at #16. Their recent paths diverged sharply: over the last 12 months GJO outperformed by 39.0 percentage points (+2.6% for GJO against -36.4% for INM). Note the risk asymmetry: INM runs 24.6 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.
GJO vs INM: side by side
| GJO (Synthetic Fixed-Income Securities, Inc. on behalf of) | INM (InMed Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +2.6% | -36.4% |
| 5-year return | +27.3% | -99.9% |
| Volatility (ann.) | 6.9% | 169.8% |
| Beta vs S&P 500 | 0.02 | 2.62 |
| Max drawdown (3Y) | -3.2% | -96.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJO | INM |
|---|---|---|
| 2022 | +1.6% | -93.8% |
| 2023 | +10.3% | -79.4% |
| 2024 | +5.2% | -43.0% |
| 2025 | +5.6% | -77.6% |
| 2026 | +1.4% | +34.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJO and INM good diversifiers for each other?
Yes. With a correlation of -0.26, GJO and INM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJO and INM?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.44 over the last year and -0.20 over 5 years.
Is INM a good diversifier for GJO?
Yes. With a correlation of -0.26, GJO and INM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/gjo-vs-inm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjo-vs-inm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJO correlations · INM correlations
