AEG vs GDV: Correlation
Aegon Ltd. New York Registry Shares (AEG) and Gabelli Dividend & Income Trust (GDV) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEG and GDV?
Across a 3-year window, the weekly returns of AEG and GDV correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 240.4 %².
Few assets follow AEG as closely as GDV, which ranks #2 of 10 tracked partners. Their 12-month results are close: +20.6% for AEG against +20.3% for GDV. Risk is not evenly split, since AEG carries 1.6 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.
AEG vs GDV: side by side
| AEG (Aegon Ltd. New York Registry Shares) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +20.6% | +20.3% |
| 5-year return | +132.6% | +53.8% |
| Volatility (ann.) | 24.5% | 15.0% |
| Beta vs S&P 500 | 1.00 | 0.90 |
| Max drawdown (3Y) | -18.4% | -16.1% |
| Market cap | $13.6B | $2.7B |
| P/E (trailing) | 12.2 | 6.3 |
| Dividend yield | 4.56% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEG | GDV |
|---|---|---|
| 2022 | +6.5% | -18.6% |
| 2023 | +21.2% | +11.9% |
| 2024 | +8.4% | +18.1% |
| 2025 | +35.1% | +22.8% |
| 2026 | +22.2% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEG and GDV good diversifiers for each other?
Only partially. A correlation of 0.65 means AEG 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 AEG and GDV?
As of 2026-08-27, the correlation of weekly returns between AEG and GDV is 0.65 over 3 years, 0.65 over 1 year and 0.63 over 5 years.
Is GDV a good diversifier for AEG?
Only partially. A correlation of 0.65 means AEG 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 0.65 mean?
On the −1 to +1 scale, 0.65 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/aeg-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aeg-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEG correlations · GDV correlations
