CMCSA vs GAB: Correlation
Comcast (CMCSA) and Gabelli Equity Trust, Inc. (The) (GAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCSA and GAB?
Over the past 3 years, CMCSA and GAB moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 184.5 %².
Among the 39 assets we track against CMCSA, GAB ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GAB ahead by 18.4 points (-12.6% versus +5.8%).
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.
CMCSA vs GAB: side by side
| CMCSA (Comcast) | GAB (Gabelli Equity Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | -12.6% | +5.8% |
| 5-year return | -44.5% | +40.3% |
| Volatility (ann.) | 23.8% | 16.2% |
| Beta vs S&P 500 | 0.48 | 0.72 |
| Max drawdown (3Y) | -44.9% | -14.8% |
| Market cap | $93.7B | – |
| P/E (trailing) | 8.7 | 5.8 |
| Dividend yield | 4.85% | 10.54% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CMCSA | GAB |
|---|---|---|
| 2022 | -28.7% | -16.3% |
| 2023 | +29.1% | +3.4% |
| 2024 | -11.8% | +18.0% |
| 2025 | -17.3% | +27.0% |
| 2026 | -2.2% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCSA and GAB good diversifiers for each other?
Reasonably. At 0.48, CMCSA and GAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMCSA and GAB?
As of 2026-08-27, the correlation of weekly returns between CMCSA and GAB is 0.48 over 3 years, 0.42 over 1 year and 0.43 over 5 years.
Is GAB a good diversifier for CMCSA?
Reasonably. At 0.48, CMCSA and GAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CMCSA correlations · GAB correlations
