GJT vs RENX: Correlation
Measured on weekly returns over the past three years, Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) and RenX Enterprises Corp. (RENX) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJT and RENX?
On 3 years of weekly data the GJT/RENX correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.32). The 5-year figure is n/a, and annualized covariance runs at -742.0 %².
RENX is close to the least connected end of GJT's tracked universe, ranking #20 of 20. Correlation aside, the last 12 months split them widely, with GJT ahead by 99.6 points (+8.6% versus -91.0%). Risk is not evenly split, since RENX carries 44.1 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 RENX: side by side
| GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | RENX (RenX Enterprises Corp.) | |
|---|---|---|
| 1-year return | +8.6% | -91.0% |
| 5-year return | +44.3% | n/a |
| Volatility (ann.) | 7.3% | 322.0% |
| Beta vs S&P 500 | -0.02 | 1.58 |
| Max drawdown (3Y) | -5.3% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJT | RENX |
|---|---|---|
| 2022 | +4.5% | – |
| 2023 | +13.6% | – |
| 2024 | +10.6% | -90.5% |
| 2025 | +6.2% | -92.5% |
| 2026 | +3.5% | -46.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJT and RENX good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between GJT and RENX?
As of 2026-08-27, the correlation of weekly returns between GJT and RENX is -0.32 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is RENX a good diversifier for GJT?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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-renx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gjt-vs-renx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GJT correlations · RENX correlations
