GJT vs KRRO: Correlation
Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) and Korro Bio, Inc. (KRRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJT and KRRO?
Over the past 3 years, GJT and KRRO moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 372.4 %².
KRRO is one of the assets that tracks GJT most closely: it ranks #1 out of the 20 assets we track against GJT. The last year tells two different stories: GJT led by 47.2 percentage points, +8.6% for GJT against -38.6% for KRRO. Risk is not evenly split, since KRRO carries 22.8 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 KRRO: side by side
| GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | KRRO (Korro Bio, Inc.) | |
|---|---|---|
| 1-year return | +8.6% | -38.6% |
| 5-year return | +44.3% | -96.6% |
| Volatility (ann.) | 7.3% | 166.3% |
| Beta vs S&P 500 | -0.02 | 3.17 |
| Max drawdown (3Y) | -5.3% | -94.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJT | KRRO |
|---|---|---|
| 2022 | +4.5% | -25.0% |
| 2023 | +13.6% | -75.1% |
| 2024 | +10.6% | -20.6% |
| 2025 | +6.2% | -79.0% |
| 2026 | +3.5% | +65.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJT and KRRO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GJT and KRRO?
As of 2026-08-27, the correlation of weekly returns between GJT and KRRO is 0.31 over 3 years, 0.24 over 1 year and 0.22 over 5 years.
Is KRRO a good diversifier for GJT?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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.
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Related comparisons
Hubs: GJT correlations · KRRO correlations
