BNY vs GDV: Correlation
BNY Mellon (BNY) and Gabelli Dividend & Income Trust (GDV) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and GDV?
On 3 years of weekly data the BNY/GDV correlation comes out at 0.68, strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.68). The 5-year figure is 0.68, and annualized covariance runs at 208.5 %².
By 3-year correlation, GDV places #15 of the 31 assets tracked against BNY. Their recent paths diverged sharply: over the last 12 months BNY outperformed by 36.9 percentage points (+57.2% for BNY against +20.3% for GDV).
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.
BNY vs GDV: side by side
| BNY (BNY Mellon) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +57.2% | +20.3% |
| 5-year return | +236.7% | +53.8% |
| Volatility (ann.) | 20.2% | 15.0% |
| Beta vs S&P 500 | 0.89 | 0.90 |
| Max drawdown (3Y) | -17.6% | -16.1% |
| Market cap | $110.1B | $2.7B |
| P/E (trailing) | 19.0 | 6.3 |
| Dividend yield | 1.30% | 5.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | GDV |
|---|---|---|
| 2022 | -19.1% | -18.6% |
| 2023 | +18.5% | +11.9% |
| 2024 | +51.9% | +18.1% |
| 2025 | +54.4% | +22.8% |
| 2026 | +41.5% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and GDV good diversifiers for each other?
Only partially. A correlation of 0.68 means BNY 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 BNY and GDV?
The BNY/GDV correlation stands at 0.68 on a 3-year window (1 year: 0.57, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is GDV a good diversifier for BNY?
Only partially. A correlation of 0.68 means BNY 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 0.68 mean?
A reading of 0.68 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/bny-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bny-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNY correlations · GDV correlations
