AGD vs AOD: Correlation
How closely do abrdn Global Dynamic Dividend Fund (AGD) and abrdn Total Dynamic Dividend Fund (AOD) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and AOD?
Over the past 3 years, AGD and AOD moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 229.2 %².
Few assets follow AGD as closely as AOD, which ranks #1 of 15 tracked partners. Over the last 12 months AOD came out ahead by 12.1 percentage points (+19.7% against +31.8%).
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.
AGD vs AOD: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | AOD (abrdn Total Dynamic Dividend Fund) | |
|---|---|---|
| 1-year return | +19.7% | +31.8% |
| 5-year return | +65.7% | +70.1% |
| Volatility (ann.) | 21.4% | 15.4% |
| Beta vs S&P 500 | 0.88 | 0.81 |
| Max drawdown (3Y) | -20.3% | -16.7% |
| Market cap | – | $1.1B |
| P/E (trailing) | 4.2 | 4.1 |
| Dividend yield | 5.26% | 5.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | AOD |
|---|---|---|
| 2022 | -15.3% | -17.1% |
| 2023 | +7.4% | +12.7% |
| 2024 | +16.4% | +16.1% |
| 2025 | +34.3% | +32.1% |
| 2026 | +16.5% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and AOD good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGD and AOD?
The AGD/AOD correlation stands at 0.70 on a 3-year window (1 year: 0.62, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is AOD a good diversifier for AGD?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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/agd-vs-aod.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agd-vs-aod/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGD correlations · AOD correlations
