GJS vs PCSA: Correlation
How closely do Goldman Sachs Group Securities STRATS Trust for Goldman (GJS) and Processa Pharmaceuticals, Inc. (PCSA) 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 PCSA?
Across a 3-year window, the weekly returns of GJS and PCSA 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 0.22, with an annualized covariance of 320.1 %².
Among the 15 assets we track against GJS, PCSA ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GJS ahead by 66.7 points (+6.3% versus -60.4%). Note the risk asymmetry: PCSA runs 21.3 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 PCSA: side by side
| GJS (Goldman Sachs Group Securities STRATS Trust for Goldman) | PCSA (Processa Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +6.3% | -60.4% |
| 5-year return | +42.1% | -99.9% |
| Volatility (ann.) | 7.2% | 153.6% |
| Beta vs S&P 500 | 0.03 | 1.04 |
| Max drawdown (3Y) | -3.9% | -99.6% |
| Market cap | – | – |
| P/E (trailing) | – | 3.3 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJS | PCSA |
|---|---|---|
| 2022 | +0.8% | -77.6% |
| 2023 | +11.1% | -69.5% |
| 2024 | +10.2% | -86.8% |
| 2025 | +8.4% | -87.0% |
| 2026 | +3.8% | -26.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJS and PCSA good diversifiers for each other?
Reasonably. At 0.29, GJS and PCSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GJS and PCSA?
The GJS/PCSA correlation stands at 0.29 on a 3-year window (1 year: 0.30, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is PCSA a good diversifier for GJS?
Reasonably. At 0.29, GJS and PCSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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-pcsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjs-vs-pcsa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GJS correlations · PCSA correlations
