EFA vs GDV: Correlation
How closely do iShares MSCI EAFE ETF (EFA) and Gabelli Dividend & Income Trust (GDV) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFA and GDV?
Across a 3-year window, the weekly returns of EFA and GDV correlate at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 180.2 %².
Among the 109 assets we track against EFA, GDV ranks #14 by 3-year correlation. Neither side won the trailing year by much: +21.9% 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.
EFA vs GDV: side by side
| EFA (iShares MSCI EAFE ETF) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +21.9% | +20.3% |
| 5-year return | +56.7% | +53.8% |
| Volatility (ann.) | 14.9% | 15.0% |
| Beta vs S&P 500 | 0.77 | 0.90 |
| Max drawdown (3Y) | -14.1% | -16.1% |
| Market cap | – | $2.7B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 3.19% | 5.51% |
| Expense ratio | 0.32% | – |
| Assets under management | $78.0B | – |
| Sector / category | ETF · International | US Listed |
EFA is a Foreign Large Blend fund from iShares: $78.0B under management, 666 holdings, a 0.32% expense ratio, a 3.19% trailing dividend yield.
Year-by-year returns
| Year | EFA | GDV |
|---|---|---|
| 2022 | -14.4% | -18.6% |
| 2023 | +18.4% | +11.9% |
| 2024 | +3.5% | +18.1% |
| 2025 | +31.5% | +22.8% |
| 2026 | +14.3% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFA and GDV good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EFA and GDV?
The EFA/GDV correlation stands at 0.80 on a 3-year window (1 year: 0.83, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is GDV a good diversifier for EFA?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 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/efa-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efa-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFA correlations · GDV correlations
