GJR vs RENT: Correlation
Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and Rent the Runway, Inc. (RENT) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and RENT?
On 3 years of weekly data the GJR/RENT correlation comes out at 0.25, weak. The past 12 months show a weaker link (-0.12) than the 3-year average (0.25). The 5-year figure is 0.14, and annualized covariance runs at 432.6 %².
By 3-year correlation, RENT places #5 of the 14 assets tracked against GJR. Correlation aside, the last 12 months split them widely, with GJR ahead by 38.7 points (+2.9% versus -35.8%). Risk is not evenly split, since RENT carries 26.2 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 RENT: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +2.9% | -35.8% |
| 5-year return | +39.3% | -99.1% |
| Volatility (ann.) | 8.1% | 212.1% |
| Beta vs S&P 500 | 0.01 | 2.17 |
| Max drawdown (3Y) | -4.4% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.5 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | RENT |
|---|---|---|
| 2022 | +9.2% | -62.6% |
| 2023 | +11.4% | -82.7% |
| 2024 | +3.9% | -19.5% |
| 2025 | +4.6% | -6.9% |
| 2026 | +2.5% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and RENT good diversifiers for each other?
Reasonably. At 0.25, GJR and RENT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJR and RENT?
The GJR/RENT correlation stands at 0.25 on a 3-year window (1 year: -0.12, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is RENT a good diversifier for GJR?
Reasonably. At 0.25, GJR and RENT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjr-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJR correlations · RENT correlations
