AVK vs GDV: Correlation
Advent Convertible and Income Fund (AVK) and Gabelli Dividend & Income Trust (GDV) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVK and GDV?
Across a 3-year window, the weekly returns of AVK and GDV correlate at 0.77, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 192.6 %².
By 3-year correlation, GDV places #4 of the 12 assets tracked against AVK. Over the last 12 months GDV came out ahead by 7.7 percentage points (+12.6% against +20.3%).
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.
AVK vs GDV: side by side
| AVK (Advent Convertible and Income Fund) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +12.6% | +20.3% |
| 5-year return | +28.2% | +53.8% |
| Volatility (ann.) | 16.6% | 15.0% |
| Beta vs S&P 500 | 0.83 | 0.90 |
| Max drawdown (3Y) | -17.7% | -16.1% |
| Market cap | – | $2.7B |
| P/E (trailing) | 3.8 | 6.3 |
| Dividend yield | 11.20% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVK | GDV |
|---|---|---|
| 2022 | -34.5% | -18.6% |
| 2023 | +18.1% | +11.9% |
| 2024 | +19.4% | +18.1% |
| 2025 | +19.6% | +22.8% |
| 2026 | +7.9% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVK and GDV good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVK and GDV?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.75 over the last year and 0.78 over 5 years.
Is GDV a good diversifier for AVK?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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/avk-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avk-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVK correlations · GDV correlations
