APG vs GDV: Correlation
How closely do APi Group Corporation (APG) and Gabelli Dividend & Income Trust (GDV) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APG and GDV?
Over the past 3 years, APG and GDV moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 258.1 %².
Within APG's tracked universe of 12 assets, GDV comes in at #4 by 3-year correlation. On 12-month performance GDV holds a 6.8-point edge, +13.5% against +20.3%. One caveat on sizing: APG is 1.8 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.
APG vs GDV: side by side
| APG (APi Group Corporation) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +13.5% | +20.3% |
| 5-year return | +165.2% | +53.8% |
| Volatility (ann.) | 27.2% | 15.0% |
| Beta vs S&P 500 | 1.14 | 0.90 |
| Max drawdown (3Y) | -22.2% | -16.1% |
| Market cap | $17.8B | $2.7B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APG | GDV |
|---|---|---|
| 2022 | -27.0% | -18.6% |
| 2023 | +83.9% | +11.9% |
| 2024 | +4.0% | +18.1% |
| 2025 | +59.5% | +22.8% |
| 2026 | +7.8% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APG and GDV good diversifiers for each other?
Only partially. A correlation of 0.63 means APG 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 APG and GDV?
As of 2026-08-27, the correlation of weekly returns between APG and GDV is 0.63 over 3 years, 0.63 over 1 year and 0.70 over 5 years.
Is GDV a good diversifier for APG?
Only partially. A correlation of 0.63 means APG 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 0.63 mean?
A reading of 0.63 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/apg-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apg-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APG correlations · GDV correlations
