GJR vs MNY: Correlation
Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and MoneyHero Limited - Class A (MNY) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and MNY?
Over the past 3 years, GJR and MNY moved with a correlation of 0.26, which is weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.26 over 3. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 328.1 %².
In GJR's tracked universe of 14 assets, MNY sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months GJR outperformed by 57.9 percentage points (+2.9% for GJR against -55.0% for MNY). One caveat on sizing: MNY is 19.5 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.
GJR vs MNY: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | MNY (MoneyHero Limited - Class A) | |
|---|---|---|
| 1-year return | +2.9% | -55.0% |
| 5-year return | +39.3% | -91.3% |
| Volatility (ann.) | 8.1% | 157.6% |
| Beta vs S&P 500 | 0.01 | 1.67 |
| Max drawdown (3Y) | -4.4% | -94.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | MNY |
|---|---|---|
| 2022 | +9.2% | +0.9% |
| 2023 | +11.4% | -82.6% |
| 2024 | +3.9% | -34.9% |
| 2025 | +4.6% | +12.5% |
| 2026 | +2.5% | -32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and MNY good diversifiers for each other?
Reasonably. At 0.26, GJR and MNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJR and MNY?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.25 over the last year and 0.18 over 5 years.
Is MNY a good diversifier for GJR?
Reasonably. At 0.26, GJR and MNY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 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-mny.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gjr-vs-mny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GJR correlations · MNY correlations
