CPS vs GGZ: Correlation
Cooper-Standard Holdings Inc. (CPS) and Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPS and GGZ?
On 3 years of weekly data the CPS/GGZ correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 706.9 %².
In CPS's tracked universe of 12 assets, GGZ sits right near the top at #1. The last year tells two different stories: GGZ led by 47.0 percentage points, -25.8% for CPS against +21.2% for GGZ. Risk is not evenly split, since CPS carries 4.1 times the volatility of the other side.
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.
CPS vs GGZ: side by side
| CPS (Cooper-Standard Holdings Inc.) | GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | |
|---|---|---|
| 1-year return | -25.8% | +21.2% |
| 5-year return | +15.8% | +37.8% |
| Volatility (ann.) | 72.2% | 17.8% |
| Beta vs S&P 500 | 1.75 | 0.90 |
| Max drawdown (3Y) | -45.2% | -17.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 5.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPS | GGZ |
|---|---|---|
| 2022 | -59.6% | -25.5% |
| 2023 | +115.7% | +10.7% |
| 2024 | -30.6% | +5.2% |
| 2025 | +142.1% | +34.9% |
| 2026 | -19.6% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and GGZ good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPS and GGZ?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.53 over the last year and 0.47 over 5 years.
Is GGZ a good diversifier for CPS?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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
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Related comparisons
Hubs: CPS correlations · GGZ correlations
