GJR vs INTC: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and Intel (INTC) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and INTC?
On 3 years of weekly data the GJR/INTC correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.31 versus -0.16 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -81.6 %².
Within GJR's tracked universe of 14 assets, INTC comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INTC ahead by 267.7 points (+2.9% versus +270.6%). Note the risk asymmetry: INTC runs 7.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 INTC: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | INTC (Intel) | |
|---|---|---|
| 1-year return | +2.9% | +270.6% |
| 5-year return | +39.3% | +85.4% |
| Volatility (ann.) | 8.1% | 63.0% |
| Beta vs S&P 500 | 0.01 | 2.01 |
| Max drawdown (3Y) | -4.4% | -63.8% |
| Market cap | – | $486.8B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GJR | INTC |
|---|---|---|
| 2022 | +9.2% | -46.6% |
| 2023 | +11.4% | +94.6% |
| 2024 | +3.9% | -59.6% |
| 2025 | +4.6% | +84.0% |
| 2026 | +2.5% | +149.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and INTC good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GJR and INTC?
The GJR/INTC correlation stands at -0.16 on a 3-year window (1 year: -0.31, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is INTC a good diversifier for GJR?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gjr-vs-intc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjr-vs-intc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GJR correlations · INTC correlations
