GJO vs WETH: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. on behalf of (GJO) and Wetouch Technology Inc. (WETH) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJO and WETH?
Over the past 3 years, GJO and WETH moved with a correlation of 0.35, which is moderate. The link has loosened recently: the 1-year correlation (0.04) runs below the 3-year figure (0.35). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 252.1 %².
In GJO's tracked universe of 16 assets, WETH sits right near the top at #1. Over the last 12 months WETH came out ahead by 14.7 percentage points (+2.6% against +17.3%). One caveat on sizing: WETH is 16.2 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 WETH: side by side
| GJO (Synthetic Fixed-Income Securities, Inc. on behalf of) | WETH (Wetouch Technology Inc.) | |
|---|---|---|
| 1-year return | +2.6% | +17.3% |
| 5-year return | +27.3% | n/a |
| Volatility (ann.) | 6.9% | 112.1% |
| Beta vs S&P 500 | 0.02 | 1.71 |
| Max drawdown (3Y) | -3.2% | -83.8% |
| Market cap | – | – |
| P/E (trailing) | – | 1.7 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJO | WETH |
|---|---|---|
| 2022 | +1.6% | – |
| 2023 | +10.3% | – |
| 2024 | +5.2% | – |
| 2025 | +5.6% | -24.3% |
| 2026 | +1.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJO and WETH good diversifiers for each other?
Reasonably. At 0.35, GJO and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJO and WETH?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is WETH a good diversifier for GJO?
Reasonably. At 0.35, GJO and WETH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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-weth.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjo-vs-weth/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJO correlations · WETH correlations
