CTAS vs GDV: Correlation
How closely do Cintas (CTAS) and Gabelli Dividend & Income Trust (GDV) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTAS and GDV?
On 3 years of weekly data the CTAS/GDV correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.50). The 5-year figure is 0.63, and annualized covariance runs at 174.5 %².
By 3-year correlation, GDV places #15 of the 38 assets tracked against CTAS. Correlation aside, the last 12 months split them widely, with GDV ahead by 23.6 points (-3.3% versus +20.3%). Risk is not evenly split, since CTAS carries 1.5 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.
CTAS vs GDV: side by side
| CTAS (Cintas) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | -3.3% | +20.3% |
| 5-year return | +117.4% | +53.8% |
| Volatility (ann.) | 23.2% | 15.0% |
| Beta vs S&P 500 | 0.71 | 0.90 |
| Max drawdown (3Y) | -27.7% | -16.1% |
| Market cap | $81.7B | $2.7B |
| P/E (trailing) | 41.8 | 6.3 |
| Dividend yield | 0.87% | 5.51% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CTAS | GDV |
|---|---|---|
| 2022 | +3.0% | -18.6% |
| 2023 | +34.8% | +11.9% |
| 2024 | +22.2% | +18.1% |
| 2025 | +3.8% | +22.8% |
| 2026 | +9.4% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTAS and GDV good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CTAS and GDV?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.33 over the last year and 0.63 over 5 years.
Is GDV a good diversifier for CTAS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/ctas-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctas-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTAS correlations · GDV correlations
