GJR vs GJS: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and GJS?
Across a 3-year window, the weekly returns of GJR and GJS correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.06) runs above the 3-year figure (-0.22). Stretching to 5 years gives -0.12, with an annualized covariance of -13.1 %².
Among the 14 assets we track against GJR, GJS sits near the bottom by co-movement, at rank #12. Neither side won the trailing year by much: +2.9% against +6.3%.
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.
GJR vs GJS: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | |
|---|---|---|
| 1-year return | +2.9% | +6.3% |
| 5-year return | +39.3% | +42.1% |
| Volatility (ann.) | 8.1% | 7.2% |
| Beta vs S&P 500 | 0.01 | 0.03 |
| Max drawdown (3Y) | -4.4% | -3.9% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | GJS |
|---|---|---|
| 2022 | +9.2% | +0.8% |
| 2023 | +11.4% | +11.1% |
| 2024 | +3.9% | +10.2% |
| 2025 | +4.6% | +8.4% |
| 2026 | +2.5% | +3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and GJS good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GJR and GJS?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.06 over the last year and -0.12 over 5 years.
Is GJS a good diversifier for GJR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/gjr-vs-gjs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjr-vs-gjs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJR correlations · GJS correlations
