GJR vs WAFU: Correlation
Synthetic Fixed-Income Securities, Inc. STRATS Trust for (GJR) and Wah Fu Education Group Limited (WAFU) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJR and WAFU?
Over the past 3 years, GJR and WAFU moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.30 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 101.4 %².
WAFU is one of the assets that tracks GJR most closely: it ranks #1 out of the 14 assets we track against GJR. The trailing year gives GJR the advantage: +2.9% versus -2.9%, a 5.8-point spread. Note the risk asymmetry: WAFU runs 5.2 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 WAFU: side by side
| GJR (Synthetic Fixed-Income Securities, Inc. STRATS Trust for) | WAFU (Wah Fu Education Group Limited) | |
|---|---|---|
| 1-year return | +2.9% | -2.9% |
| 5-year return | +39.3% | -79.7% |
| Volatility (ann.) | 8.1% | 42.3% |
| Beta vs S&P 500 | 0.01 | 0.61 |
| Max drawdown (3Y) | -4.4% | -55.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJR | WAFU |
|---|---|---|
| 2022 | +9.2% | -43.4% |
| 2023 | +11.4% | -4.2% |
| 2024 | +3.9% | -22.4% |
| 2025 | +4.6% | -7.1% |
| 2026 | +2.5% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJR and WAFU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GJR and WAFU?
As of 2026-08-27, the correlation of weekly returns between GJR and WAFU is 0.30 over 3 years, 0.17 over 1 year and 0.15 over 5 years.
Is WAFU a good diversifier for GJR?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gjr-vs-wafu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjr-vs-wafu/)
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Related comparisons
Hubs: GJR correlations · WAFU correlations
