GJS vs PAGP: Correlation
How closely do Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) and Plains GP Holdings, L.P. - Class A Shares representing (PAGP) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJS and PAGP?
Across a 3-year window, the weekly returns of GJS and PAGP correlate at 0.29, weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 49.8 %².
PAGP is one of the assets that tracks GJS most closely: it ranks #3 out of the 15 assets we track against GJS. The last year tells two different stories: PAGP led by 52.6 percentage points, +6.3% for GJS against +58.9% for PAGP. Risk is not evenly split, since PAGP carries 3.2 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.
GJS vs PAGP: side by side
| GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | PAGP (Plains GP Holdings, L.P. - Class A Shares representing) | |
|---|---|---|
| 1-year return | +6.3% | +58.9% |
| 5-year return | +42.1% | +318.4% |
| Volatility (ann.) | 7.2% | 23.3% |
| Beta vs S&P 500 | 0.03 | 0.25 |
| Max drawdown (3Y) | -3.9% | -21.0% |
| Market cap | – | $6.5B |
| P/E (trailing) | – | 80.1 |
| Dividend yield | – | 5.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJS | PAGP |
|---|---|---|
| 2022 | +0.8% | +31.8% |
| 2023 | +11.1% | +38.1% |
| 2024 | +10.2% | +23.7% |
| 2025 | +8.4% | +12.7% |
| 2026 | +3.8% | +54.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJS and PAGP good diversifiers for each other?
Reasonably. At 0.29, GJS and PAGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJS and PAGP?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.30 over the last year and 0.18 over 5 years.
Is PAGP a good diversifier for GJS?
Reasonably. At 0.29, GJS and PAGP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gjs-vs-pagp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gjs-vs-pagp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJS correlations · PAGP correlations
