CSQ vs GGT: Correlation
Measured on weekly returns over the past three years, Calamos Strategic Total Return Fund - Closed End Fund (CSQ) and Gabelli Multi-Media Trust, Inc. (The) (GGT) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSQ and GGT?
Over the past 3 years, CSQ and GGT moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 179.7 %².
Among the 51 assets we track against CSQ, GGT ranks #46 by 3-year correlation. Twelve-month performance is nearly a tie, at +21.4% for CSQ and +19.6% for GGT.
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.
CSQ vs GGT: side by side
| CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | GGT (Gabelli Multi-Media Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | +21.4% | +19.6% |
| 5-year return | +64.2% | -2.3% |
| Volatility (ann.) | 18.8% | 21.6% |
| Beta vs S&P 500 | 1.22 | 0.52 |
| Max drawdown (3Y) | -24.2% | -31.7% |
| Market cap | $3.4B | $0.2B |
| P/E (trailing) | 3.2 | 3.3 |
| Dividend yield | 2.95% | 21.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSQ | GGT |
|---|---|---|
| 2022 | -24.2% | -30.8% |
| 2023 | +20.9% | +22.5% |
| 2024 | +28.2% | -6.0% |
| 2025 | +16.3% | +15.4% |
| 2026 | +14.3% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSQ and GGT good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSQ and GGT?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.39 over the last year and 0.52 over 5 years.
Is GGT a good diversifier for CSQ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/csq-vs-ggt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/csq-vs-ggt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CSQ correlations · GGT correlations
