HIND vs SJT: Correlation
How closely do Vyome Holdings, Inc. (HIND) and San Juan Basin Royalty Trust (SJT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIND and SJT?
Across a 3-year window, the weekly returns of HIND and SJT correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.16) sits close to the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -1037.9 %².
SJT is close to the least connected end of HIND's tracked universe, ranking #8 of 12. Their recent paths diverged sharply: over the last 12 months SJT outperformed by 26.4 percentage points (-79.2% for HIND against -52.8% for SJT). One caveat on sizing: HIND is 2.6 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.
HIND vs SJT: side by side
| HIND (Vyome Holdings, Inc.) | SJT (San Juan Basin Royalty Trust) | |
|---|---|---|
| 1-year return | -79.2% | -52.8% |
| 5-year return | -100.0% | -10.0% |
| Volatility (ann.) | 107.5% | 41.6% |
| Beta vs S&P 500 | 1.58 | 0.18 |
| Max drawdown (3Y) | -100.0% | -67.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIND | SJT |
|---|---|---|
| 2022 | -91.8% | +120.6% |
| 2023 | -96.3% | -50.0% |
| 2024 | -69.2% | -22.9% |
| 2025 | -99.2% | +46.7% |
| 2026 | -35.8% | -51.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIND and SJT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between HIND and SJT?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.16 over the last year and -0.06 over 5 years.
Is SJT a good diversifier for HIND?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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/hind-vs-sjt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hind-vs-sjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HIND correlations · SJT correlations
