GJT vs LPA: Correlation
How closely do Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) and Logistic Properties of the Americas (LPA) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJT and LPA?
On 3 years of weekly data the GJT/LPA correlation comes out at 0.26, weak. The past 12 months show a weaker link (-0.20) than the 3-year average (0.26). The 5-year figure is n/a, and annualized covariance runs at 870.6 %².
LPA is one of the assets that tracks GJT most closely: it ranks #2 out of the 20 assets we track against GJT. Their recent paths diverged sharply: over the last 12 months GJT outperformed by 60.9 percentage points (+8.6% for GJT against -52.3% for LPA). One caveat on sizing: LPA is 74.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LPA: side by side
| GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | LPA (Logistic Properties of the Americas) | |
|---|---|---|
| 1-year return | +8.6% | -52.3% |
| 5-year return | +44.3% | n/a |
| Volatility (ann.) | 7.3% | 540.6% |
| Beta vs S&P 500 | -0.02 | -0.73 |
| Max drawdown (3Y) | -5.3% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 5.7 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJT | LPA |
|---|---|---|
| 2022 | +4.5% | – |
| 2023 | +13.6% | – |
| 2024 | +10.6% | – |
| 2025 | +6.2% | -74.5% |
| 2026 | +3.5% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJT and LPA good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GJT and LPA?
The GJT/LPA correlation stands at 0.26 on a 3-year window (1 year: -0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LPA a good diversifier for GJT?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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/gjt-vs-lpa.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjt-vs-lpa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GJT correlations · LPA correlations
