GJR vs KVHI: Correlation
How closely do Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and KVH Industries, Inc. (KVHI) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and KVHI?
Over the past 3 years, GJR and KVHI moved with a correlation of 0.28, which is weak. Recent behaviour matches the longer record: 0.27 over 1 year against 0.28 over 3. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 94.3 %².
Few assets follow GJR as closely as KVHI, which ranks #2 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with KVHI ahead by 37.0 points (+2.9% versus +39.9%). Risk is not evenly split, since KVHI carries 5.1 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.
GJR vs KVHI: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | KVHI (KVH Industries, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | +39.9% |
| 5-year return | +39.3% | -25.9% |
| Volatility (ann.) | 8.1% | 41.7% |
| Beta vs S&P 500 | 0.01 | 0.20 |
| Max drawdown (3Y) | -4.4% | -35.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | KVHI |
|---|---|---|
| 2022 | +9.2% | +11.2% |
| 2023 | +11.4% | -48.5% |
| 2024 | +3.9% | +8.4% |
| 2025 | +4.6% | +22.3% |
| 2026 | +2.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and KVHI good diversifiers for each other?
Reasonably. At 0.28, GJR and KVHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJR and KVHI?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.27 over the last year and 0.20 over 5 years.
Is KVHI a good diversifier for GJR?
Reasonably. At 0.28, GJR and KVHI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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-kvhi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjr-vs-kvhi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJR correlations · KVHI correlations
