AAMI vs GDV: Correlation
Acadian Asset Management Inc. (AAMI) and Gabelli Dividend & Income Trust (GDV) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and GDV?
On 3 years of weekly data the AAMI/GDV correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.59 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 296.4 %².
GDV is one of the assets that tracks AAMI most closely: it ranks #2 out of the 12 assets we track against AAMI. Correlation aside, the last 12 months split them widely, with AAMI ahead by 72.6 points (+92.9% versus +20.3%). One caveat on sizing: AAMI is 2.2 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.
AAMI vs GDV: side by side
| AAMI (Acadian Asset Management Inc.) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +92.9% | +20.3% |
| 5-year return | +260.9% | +53.8% |
| Volatility (ann.) | 33.4% | 15.0% |
| Beta vs S&P 500 | 1.30 | 0.90 |
| Max drawdown (3Y) | -26.5% | -16.1% |
| Market cap | $3.5B | $2.7B |
| P/E (trailing) | 33.8 | 6.3 |
| Dividend yield | 0.32% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAMI | GDV |
|---|---|---|
| 2022 | -19.4% | -18.6% |
| 2023 | -6.7% | +11.9% |
| 2024 | +37.7% | +18.1% |
| 2025 | +78.6% | +22.8% |
| 2026 | +107.7% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and GDV good diversifiers for each other?
Only partially. A correlation of 0.59 means AAMI and GDV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AAMI and GDV?
The AAMI/GDV correlation stands at 0.59 on a 3-year window (1 year: 0.43, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is GDV a good diversifier for AAMI?
Only partially. A correlation of 0.59 means AAMI and GDV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aami-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aami-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAMI correlations · GDV correlations
