GJS vs MAIA: Correlation
Measured on weekly returns over the past three years, Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) and MAIA Biotechnology, Inc. (MAIA) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJS and MAIA?
Across a 3-year window, the weekly returns of GJS and MAIA correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.27). Stretching to 5 years gives -0.19, with an annualized covariance of -179.1 %².
MAIA is close to the least connected end of GJS's tracked universe, ranking #15 of 15. Correlation aside, the last 12 months split them widely, with GJS ahead by 22.7 points (+6.3% versus -16.4%). Note the risk asymmetry: MAIA runs 12.6 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.
GJS vs MAIA: side by side
| GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | MAIA (MAIA Biotechnology, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | -16.4% |
| 5-year return | +42.1% | n/a |
| Volatility (ann.) | 7.2% | 90.7% |
| Beta vs S&P 500 | 0.03 | 1.35 |
| Max drawdown (3Y) | -3.9% | -82.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJS | MAIA |
|---|---|---|
| 2022 | +0.8% | – |
| 2023 | +11.1% | -66.7% |
| 2024 | +10.2% | +69.2% |
| 2025 | +8.4% | -22.7% |
| 2026 | +3.8% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJS and MAIA good diversifiers for each other?
Yes. With a correlation of -0.27, GJS and MAIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJS and MAIA?
The GJS/MAIA correlation stands at -0.27 on a 3-year window (1 year: -0.14, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is MAIA a good diversifier for GJS?
Yes. With a correlation of -0.27, GJS and MAIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
A reading of -0.27 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/gjs-vs-maia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjs-vs-maia/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJS correlations · MAIA correlations
