GJO vs PLSE: Correlation
How closely do Synthetic Fixed-Income Securities, Inc. on behalf of (GJO) and Pulse Biosciences, Inc (PLSE) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJO and PLSE?
Across a 3-year window, the weekly returns of GJO and PLSE correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.13 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.09, with an annualized covariance of -123.1 %².
PLSE is close to the least connected end of GJO's tracked universe, ranking #13 of 16. Their recent paths diverged sharply: over the last 12 months PLSE outperformed by 203.8 percentage points (+2.6% for GJO against +206.4% for PLSE). Risk is not evenly split, since PLSE carries 12.6 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.
GJO vs PLSE: side by side
| GJO (Synthetic Fixed-Income Securities, Inc. on behalf of) | PLSE (Pulse Biosciences, Inc) | |
|---|---|---|
| 1-year return | +2.6% | +206.4% |
| 5-year return | +27.3% | +82.4% |
| Volatility (ann.) | 6.9% | 86.6% |
| Beta vs S&P 500 | 0.02 | 1.55 |
| Max drawdown (3Y) | -3.2% | -48.5% |
| Market cap | – | $3.5B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJO | PLSE |
|---|---|---|
| 2022 | +1.6% | -81.3% |
| 2023 | +10.3% | +341.9% |
| 2024 | +5.2% | +42.2% |
| 2025 | +5.6% | -21.1% |
| 2026 | +1.4% | +253.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJO and PLSE good diversifiers for each other?
Yes. With a correlation of -0.21, GJO and PLSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJO and PLSE?
The GJO/PLSE correlation stands at -0.21 on a 3-year window (1 year: -0.13, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is PLSE a good diversifier for GJO?
Yes. With a correlation of -0.21, GJO and PLSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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-plse.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gjo-vs-plse/)
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Related comparisons
Hubs: GJO correlations · PLSE correlations
