BYFC vs GGT: Correlation
Measured on weekly returns over the past three years, Broadway Financial Corporation (BYFC) and Gabelli Multi-Media Trust, Inc. (The) (GGT) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and GGT?
On 3 years of weekly data the BYFC/GGT correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.35). The 5-year figure is 0.26, and annualized covariance runs at 354.0 %².
GGT is one of the assets that tracks BYFC most closely: it ranks #2 out of the 12 assets we track against BYFC. Their recent paths diverged sharply: over the last 12 months BYFC outperformed by 35.2 percentage points (+54.8% for BYFC against +19.6% for GGT). One caveat on sizing: BYFC is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BYFC vs GGT: side by side
| BYFC (Broadway Financial Corporation) | GGT (Gabelli Multi-Media Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | +54.8% | +19.6% |
| 5-year return | -59.2% | -2.3% |
| Volatility (ann.) | 47.2% | 21.6% |
| Beta vs S&P 500 | 0.86 | 0.52 |
| Max drawdown (3Y) | -43.5% | -31.7% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 3.3 |
| Dividend yield | 0.00% | 21.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYFC | GGT |
|---|---|---|
| 2022 | -56.3% | -30.8% |
| 2023 | -16.0% | +22.5% |
| 2024 | +0.9% | -6.0% |
| 2025 | +8.0% | +15.4% |
| 2026 | +62.8% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and GGT good diversifiers for each other?
Reasonably. At 0.35, BYFC and GGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BYFC and GGT?
As of 2026-08-27, the correlation of weekly returns between BYFC and GGT is 0.35 over 3 years, 0.11 over 1 year and 0.26 over 5 years.
Is GGT a good diversifier for BYFC?
Reasonably. At 0.35, BYFC and GGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/byfc-vs-ggt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byfc-vs-ggt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BYFC correlations · GGT correlations
