GJR vs NNVC: Correlation
Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and NanoViricides, Inc. (NNVC) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and NNVC?
Over the past 3 years, GJR and NNVC moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.18). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -118.6 %².
NNVC is close to the least connected end of GJR's tracked universe, ranking #10 of 14. The trailing year gives GJR the advantage: +2.9% versus -9.9%, a 12.8-point spread. Risk is not evenly split, since NNVC carries 9.8 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 NNVC: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | NNVC (NanoViricides, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | -9.9% |
| 5-year return | +39.3% | -66.8% |
| Volatility (ann.) | 8.1% | 79.5% |
| Beta vs S&P 500 | 0.01 | 0.87 |
| Max drawdown (3Y) | -4.4% | -74.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | NNVC |
|---|---|---|
| 2022 | +9.2% | -70.2% |
| 2023 | +11.4% | -8.1% |
| 2024 | +3.9% | +40.2% |
| 2025 | +4.6% | -21.0% |
| 2026 | +2.5% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and NNVC good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between GJR and NNVC?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.02 over the last year and -0.11 over 5 years.
Is NNVC a good diversifier for GJR?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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.
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Related comparisons
Hubs: GJR correlations · NNVC correlations
