BLK vs GDV: Correlation
BlackRock (BLK) and Gabelli Dividend & Income Trust (GDV) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and GDV?
Over the past 3 years, BLK and GDV moved with a correlation of 0.70, which is strong. The link has loosened recently: the 1-year correlation (0.45) runs below the 3-year figure (0.70). Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 258.5 %².
Within BLK's tracked universe of 42 assets, GDV comes in at #5 by 3-year correlation. The last year tells two different stories: GDV led by 15.0 percentage points, +5.3% for BLK against +20.3% for GDV. Note the risk asymmetry: BLK runs 1.6 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.
BLK vs GDV: side by side
| BLK (BlackRock) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +5.3% | +20.3% |
| 5-year return | +38.9% | +53.8% |
| Volatility (ann.) | 24.7% | 15.0% |
| Beta vs S&P 500 | 1.19 | 0.90 |
| Max drawdown (3Y) | -23.7% | -16.1% |
| Market cap | $189.7B | $2.7B |
| P/E (trailing) | 28.1 | 6.3 |
| Dividend yield | 1.86% | 5.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BLK | GDV |
|---|---|---|
| 2022 | -20.4% | -18.6% |
| 2023 | +17.9% | +11.9% |
| 2024 | +29.3% | +18.1% |
| 2025 | +6.6% | +22.8% |
| 2026 | +10.3% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and GDV 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 BLK and GDV?
As of 2026-08-27, the correlation of weekly returns between BLK and GDV is 0.70 over 3 years, 0.45 over 1 year and 0.76 over 5 years.
Is GDV a good diversifier for BLK?
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?
A reading of 0.70 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/blk-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blk-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLK correlations · GDV correlations
