GJS vs MNY: Correlation
Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) and MoneyHero Limited - Class A (MNY) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJS and MNY?
On 3 years of weekly data the GJS/MNY correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (-0.19). The 5-year figure is -0.15, and annualized covariance runs at -219.6 %².
Within GJS's tracked universe of 15 assets, MNY comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GJS outperformed by 61.3 percentage points (+6.3% for GJS against -55.0% for MNY). Risk is not evenly split, since MNY carries 21.9 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.
GJS vs MNY: side by side
| GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | MNY (MoneyHero Limited - Class A) | |
|---|---|---|
| 1-year return | +6.3% | -55.0% |
| 5-year return | +42.1% | -91.3% |
| Volatility (ann.) | 7.2% | 157.6% |
| Beta vs S&P 500 | 0.03 | 1.67 |
| Max drawdown (3Y) | -3.9% | -94.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJS | MNY |
|---|---|---|
| 2022 | +0.8% | +0.9% |
| 2023 | +11.1% | -82.6% |
| 2024 | +10.2% | -34.9% |
| 2025 | +8.4% | +12.5% |
| 2026 | +3.8% | -32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJS and MNY good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between GJS and MNY?
As of 2026-08-27, the correlation of weekly returns between GJS and MNY is -0.19 over 3 years, 0.20 over 1 year and -0.15 over 5 years.
Is MNY a good diversifier for GJS?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 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-mny.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gjs-vs-mny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GJS correlations · MNY correlations
