GJT vs ZVIA: Correlation
Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) and Zevia PBC (ZVIA) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GJT and ZVIA?
Across a 3-year window, the weekly returns of GJT and ZVIA correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.20 over 3 years. Stretching to 5 years gives -0.07, with an annualized covariance of -117.1 %².
Among the 20 assets we track against GJT, ZVIA ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GJT ahead by 56.0 points (+8.6% versus -47.4%). Risk is not evenly split, since ZVIA carries 11.0 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 ZVIA: side by side
| GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | ZVIA (Zevia PBC) | |
|---|---|---|
| 1-year return | +8.6% | -47.4% |
| 5-year return | +44.3% | -90.1% |
| Volatility (ann.) | 7.3% | 80.3% |
| Beta vs S&P 500 | -0.02 | 1.22 |
| Max drawdown (3Y) | -5.3% | -78.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GJT | ZVIA |
|---|---|---|
| 2022 | +4.5% | -42.0% |
| 2023 | +13.6% | -50.9% |
| 2024 | +10.6% | +108.5% |
| 2025 | +6.2% | -44.6% |
| 2026 | +3.5% | -38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GJT and ZVIA good diversifiers for each other?
Yes. With a correlation of -0.20, GJT and ZVIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GJT and ZVIA?
The GJT/ZVIA correlation stands at -0.20 on a 3-year window (1 year: 0.04, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is ZVIA a good diversifier for GJT?
Yes. With a correlation of -0.20, GJT and ZVIA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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-zvia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gjt-vs-zvia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GJT correlations · ZVIA correlations
