GJT vs KINS: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) and Kingstone Companies, Inc (KINS) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJT and KINS?
On 3 years of weekly data the GJT/KINS correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.07) runs above the 3-year figure (-0.22). The 5-year figure is -0.14, and annualized covariance runs at -110.9 %².
Within GJT's tracked universe of 20 assets, KINS comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KINS outperformed by 44.5 percentage points (+8.6% for GJT against +53.1% for KINS). Risk is not evenly split, since KINS carries 9.5 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.
GJT vs KINS: side by side
| GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | KINS (Kingstone Companies, Inc) | |
|---|---|---|
| 1-year return | +8.6% | +53.1% |
| 5-year return | +44.3% | +201.6% |
| Volatility (ann.) | 7.3% | 69.2% |
| Beta vs S&P 500 | -0.02 | 0.71 |
| Max drawdown (3Y) | -5.3% | -38.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 8.2 |
| Dividend yield | – | 0.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJT | KINS |
|---|---|---|
| 2022 | +4.5% | -72.3% |
| 2023 | +13.6% | +57.8% |
| 2024 | +10.6% | +613.1% |
| 2025 | +6.2% | +11.5% |
| 2026 | +3.5% | +20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJT and KINS good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GJT and KINS?
The GJT/KINS correlation stands at -0.22 on a 3-year window (1 year: 0.07, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is KINS a good diversifier for GJT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/gjt-vs-kins.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjt-vs-kins/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GJT correlations · KINS correlations
