GJO vs KRMD: Correlation
Synthetic Fixed-Income Securities, Inc. on behalf of (GJO) and KORU Medical Systems, Inc. (KRMD) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJO and KRMD?
Across a 3-year window, the weekly returns of GJO and KRMD correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -66.2 %².
Within GJO's tracked universe of 16 assets, KRMD comes in at #11 by 3-year correlation. The last year tells two different stories: GJO led by 27.3 percentage points, +2.6% for GJO against -24.7% for KRMD. One caveat on sizing: KRMD is 7.1 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.
GJO vs KRMD: side by side
| GJO (Synthetic Fixed-Income Securities, Inc. on behalf of) | KRMD (KORU Medical Systems, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | -24.7% |
| 5-year return | +27.3% | -0.3% |
| Volatility (ann.) | 6.9% | 48.9% |
| Beta vs S&P 500 | 0.02 | 0.80 |
| Max drawdown (3Y) | -3.2% | -58.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJO | KRMD |
|---|---|---|
| 2022 | +1.6% | +19.0% |
| 2023 | +10.3% | -31.2% |
| 2024 | +5.2% | +56.8% |
| 2025 | +5.6% | +50.9% |
| 2026 | +1.4% | -44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJO and KRMD good diversifiers for each other?
Yes. With a correlation of -0.20, GJO and KRMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJO and KRMD?
The GJO/KRMD correlation stands at -0.20 on a 3-year window (1 year: -0.20, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is KRMD a good diversifier for GJO?
Yes. With a correlation of -0.20, GJO and KRMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gjo-vs-krmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjo-vs-krmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJO correlations · KRMD correlations
