DHF vs GDV: Correlation
Measured on weekly returns over the past three years, BNY Mellon High Yield Strategies Fund (DHF) and Gabelli Dividend & Income Trust (GDV) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHF and GDV?
Across a 3-year window, the weekly returns of DHF and GDV correlate at 0.70, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.70 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 120.4 %².
Among the 15 assets we track against DHF, GDV ranks #4 by 3-year correlation. The last year tells two different stories: GDV led by 20.9 percentage points, -0.6% for DHF against +20.3% for GDV.
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.
DHF vs GDV: side by side
| DHF (BNY Mellon High Yield Strategies Fund) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | -0.6% | +20.3% |
| 5-year return | +7.9% | +53.8% |
| Volatility (ann.) | 11.4% | 15.0% |
| Beta vs S&P 500 | 0.52 | 0.90 |
| Max drawdown (3Y) | -11.8% | -16.1% |
| Market cap | $0.2B | $2.7B |
| P/E (trailing) | 13.8 | 6.3 |
| Dividend yield | 8.90% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DHF | GDV |
|---|---|---|
| 2022 | -22.5% | -18.6% |
| 2023 | +15.0% | +11.9% |
| 2024 | +21.4% | +18.1% |
| 2025 | +5.9% | +22.8% |
| 2026 | -0.2% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHF and GDV good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DHF and GDV?
As of 2026-08-27, the correlation of weekly returns between DHF and GDV is 0.70 over 3 years, 0.69 over 1 year and 0.71 over 5 years.
Is GDV a good diversifier for DHF?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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/dhf-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dhf-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DHF correlations · GDV correlations
