AGD vs CATO: Correlation
Measured on weekly returns over the past three years, abrdn Global Dynamic Dividend Fund (AGD) and Cato Corporation (The) (CATO) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and CATO?
On 3 years of weekly data the AGD/CATO correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 356.1 %².
Among the 15 assets we track against AGD, CATO sits near the bottom by co-movement, at rank #11. The last year tells two different stories: AGD led by 51.5 percentage points, +19.7% for AGD against -31.8% for CATO. Note the risk asymmetry: CATO runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CATO: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | CATO (Cato Corporation (The)) | |
|---|---|---|
| 1-year return | +19.7% | -31.8% |
| 5-year return | +65.7% | -80.5% |
| Volatility (ann.) | 21.4% | 56.2% |
| Beta vs S&P 500 | 0.88 | 0.62 |
| Max drawdown (3Y) | -20.3% | -69.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | CATO |
|---|---|---|
| 2022 | -15.3% | -42.2% |
| 2023 | +7.4% | -16.5% |
| 2024 | +16.4% | -39.8% |
| 2025 | +34.3% | -20.8% |
| 2026 | +16.5% | -13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and CATO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGD and CATO?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.38 over the last year and 0.27 over 5 years.
Is CATO a good diversifier for AGD?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 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-cato.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/agd-vs-cato/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGD correlations · CATO correlations
