DIA vs GDV: Correlation
Measured on weekly returns over the past three years, SPDR Dow Jones Industrial Average ETF (DIA) and Gabelli Dividend & Income Trust (GDV) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and GDV?
On 3 years of weekly data the DIA/GDV correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. The 5-year figure is 0.91, and annualized covariance runs at 175.1 %².
Within DIA's tracked universe of 116 assets, GDV comes in at #8 by 3-year correlation. Neither side won the trailing year by much: +19.2% against +20.3%.
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.
DIA vs GDV: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +19.2% | +20.3% |
| 5-year return | +64.8% | +53.8% |
| Volatility (ann.) | 13.0% | 15.0% |
| Beta vs S&P 500 | 0.79 | 0.90 |
| Max drawdown (3Y) | -16.0% | -16.1% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 1.37% | 5.51% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | US Listed |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | GDV |
|---|---|---|
| 2022 | -7.0% | -18.6% |
| 2023 | +16.0% | +11.9% |
| 2024 | +14.8% | +18.1% |
| 2025 | +14.7% | +22.8% |
| 2026 | +12.3% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and GDV good diversifiers for each other?
No. With a correlation of 0.89, DIA and GDV move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DIA and GDV?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.84 over the last year and 0.91 over 5 years.
Is GDV a good diversifier for DIA?
No. With a correlation of 0.89, DIA and GDV move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 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/dia-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dia-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DIA correlations · GDV correlations
