ACAD vs GGZ: Correlation
ACADIA Pharmaceuticals Inc. (ACAD) and Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACAD and GGZ?
Over the past 3 years, ACAD and GGZ moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 408.6 %².
In ACAD's tracked universe of 15 assets, GGZ sits right near the top at #3. The trailing year gives GGZ the advantage: +11.9% versus +21.2%, a 9.3-point spread. One caveat on sizing: ACAD is 2.7 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.
ACAD vs GGZ: side by side
| ACAD (ACADIA Pharmaceuticals Inc.) | GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | |
|---|---|---|
| 1-year return | +11.9% | +21.2% |
| 5-year return | +75.2% | +37.8% |
| Volatility (ann.) | 48.8% | 17.8% |
| Beta vs S&P 500 | 1.18 | 0.90 |
| Max drawdown (3Y) | -55.6% | -17.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 13.3 | 5.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACAD | GGZ |
|---|---|---|
| 2022 | -31.8% | -25.5% |
| 2023 | +96.7% | +10.7% |
| 2024 | -41.4% | +5.2% |
| 2025 | +45.6% | +34.9% |
| 2026 | +11.3% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACAD and GGZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACAD and GGZ?
As of 2026-08-27, the correlation of weekly returns between ACAD and GGZ is 0.47 over 3 years, 0.42 over 1 year and 0.34 over 5 years.
Is GGZ a good diversifier for ACAD?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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
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Related comparisons
Hubs: ACAD correlations · GGZ correlations
