BSET vs GAB: Correlation
Bassett Furniture Industries, Incorporated (BSET) and Gabelli Equity Trust, Inc. (The) (GAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSET and GAB?
On 3 years of weekly data the BSET/GAB correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 194.4 %².
In BSET's tracked universe of 10 assets, GAB sits right near the top at #3. On 12-month performance BSET holds a 12.9-point edge, +18.7% against +5.8%. Note the risk asymmetry: BSET runs 2.1 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.
BSET vs GAB: side by side
| BSET (Bassett Furniture Industries, Incorporated) | GAB (Gabelli Equity Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | +18.7% | +5.8% |
| 5-year return | +17.6% | +40.3% |
| Volatility (ann.) | 34.7% | 16.2% |
| Beta vs S&P 500 | 0.46 | 0.72 |
| Max drawdown (3Y) | -28.8% | -14.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 29.9 | 5.8 |
| Dividend yield | 4.21% | 10.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSET | GAB |
|---|---|---|
| 2022 | +15.6% | -16.3% |
| 2023 | -0.4% | +3.4% |
| 2024 | -12.1% | +18.0% |
| 2025 | +27.5% | +27.0% |
| 2026 | +16.7% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSET and GAB good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSET and GAB?
The BSET/GAB correlation stands at 0.35 on a 3-year window (1 year: 0.31, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is GAB a good diversifier for BSET?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BSET correlations · GAB correlations
