GJP vs LW: Correlation
Synthetic Fixed-Income Securities, Inc. on behalf of STRATS (GJP) and Lamb Weston Holdings, Inc. (LW) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJP and LW?
Over the past 3 years, GJP and LW moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.23). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -104.2 %².
Among the 11 assets we track against GJP, LW sits near the bottom by co-movement, at rank #11. Over the last 12 months GJP came out ahead by 5.9 percentage points (+5.6% against -0.3%). Risk is not evenly split, since LW carries 4.2 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.
GJP vs LW: side by side
| GJP (Synthetic Fixed-Income Securities, Inc. on behalf of STRATS) | LW (Lamb Weston Holdings, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | -0.3% |
| 5-year return | +30.4% | -6.1% |
| Volatility (ann.) | 10.3% | 43.2% |
| Beta vs S&P 500 | 0.13 | 0.44 |
| Max drawdown (3Y) | -5.8% | -63.1% |
| Market cap | – | $7.5B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | – | 2.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJP | LW |
|---|---|---|
| 2022 | +4.2% | +42.9% |
| 2023 | +7.1% | +22.3% |
| 2024 | +7.2% | -37.0% |
| 2025 | +5.2% | -35.7% |
| 2026 | +2.9% | +34.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJP and LW good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GJP and LW?
The GJP/LW correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is LW a good diversifier for GJP?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/gjp-vs-lw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjp-vs-lw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJP correlations · LW correlations
