CLIR vs GDV: Correlation
How closely do ClearSign Technologies Corporation (CLIR) and Gabelli Dividend & Income Trust (GDV) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLIR and GDV?
On 3 years of weekly data the CLIR/GDV correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 554.0 %².
Few assets follow CLIR as closely as GDV, which ranks #2 of 10 tracked partners. The last year tells two different stories: GDV led by 43.5 percentage points, -23.2% for CLIR against +20.3% for GDV. Note the risk asymmetry: CLIR runs 5.9 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.
CLIR vs GDV: side by side
| CLIR (ClearSign Technologies Corporation) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | -23.2% | +20.3% |
| 5-year return | -85.3% | +53.8% |
| Volatility (ann.) | 89.0% | 15.0% |
| Beta vs S&P 500 | 2.06 | 0.90 |
| Max drawdown (3Y) | -78.5% | -16.1% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLIR | GDV |
|---|---|---|
| 2022 | -60.9% | -18.6% |
| 2023 | +105.6% | +11.9% |
| 2024 | +29.7% | +18.1% |
| 2025 | -61.1% | +22.8% |
| 2026 | -19.1% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLIR and GDV good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLIR and GDV?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.44 over the last year and 0.35 over 5 years.
Is GDV a good diversifier for CLIR?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/clir-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clir-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLIR correlations · GDV correlations
