BA vs GDV: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and Gabelli Dividend & Income Trust (GDV) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and GDV?
Across a 3-year window, the weekly returns of BA and GDV correlate at 0.61, strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 333.5 %².
Few assets follow BA as closely as GDV, which ranks #1 of 37 tracked partners. Correlation aside, the last 12 months split them widely, with GDV ahead by 31.2 points (-10.9% versus +20.3%). Risk is not evenly split, since BA carries 2.4 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.
BA vs GDV: side by side
| BA (Boeing) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | -10.9% | +20.3% |
| 5-year return | -3.6% | +53.8% |
| Volatility (ann.) | 36.4% | 15.0% |
| Beta vs S&P 500 | 1.43 | 0.90 |
| Max drawdown (3Y) | -48.3% | -16.1% |
| Market cap | $165.9B | $2.7B |
| P/E (trailing) | 76.3 | 6.3 |
| Dividend yield | 0.00% | 5.51% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | GDV |
|---|---|---|
| 2022 | -5.4% | -18.6% |
| 2023 | +36.8% | +11.9% |
| 2024 | -32.1% | +18.1% |
| 2025 | +22.7% | +22.8% |
| 2026 | -3.3% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and GDV good diversifiers for each other?
Only partially. A correlation of 0.61 means BA 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 BA and GDV?
The BA/GDV correlation stands at 0.61 on a 3-year window (1 year: 0.59, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is GDV a good diversifier for BA?
Only partially. A correlation of 0.61 means BA 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 0.61 mean?
A reading of 0.61 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/ba-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BA correlations · GDV correlations
