DAN vs GGZ: Correlation
Dana Incorporated (DAN) and Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAN and GGZ?
On 3 years of weekly data the DAN/GGZ correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.50). The 5-year figure is 0.63, and annualized covariance runs at 395.5 %².
GGZ is one of the assets that tracks DAN most closely: it ranks #3 out of the 10 assets we track against DAN. The last year tells two different stories: DAN led by 27.7 percentage points, +48.9% for DAN against +21.2% for GGZ. Note the risk asymmetry: DAN runs 2.5 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.
DAN vs GGZ: side by side
| DAN (Dana Incorporated) | GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | |
|---|---|---|
| 1-year return | +48.9% | +21.2% |
| 5-year return | +45.6% | +37.8% |
| Volatility (ann.) | 44.7% | 17.8% |
| Beta vs S&P 500 | 1.11 | 0.90 |
| Max drawdown (3Y) | -51.8% | -17.8% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | 5.6 |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DAN | GGZ |
|---|---|---|
| 2022 | -32.1% | -25.5% |
| 2023 | -0.7% | +10.7% |
| 2024 | -17.9% | +5.2% |
| 2025 | +110.5% | +34.9% |
| 2026 | +28.0% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAN and GGZ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DAN and GGZ?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.31 over the last year and 0.63 over 5 years.
Is GGZ a good diversifier for DAN?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/dan-vs-ggz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dan-vs-ggz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAN correlations · GGZ correlations
