FUND vs GDV: Correlation
How closely do Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Gabelli Dividend & Income Trust (GDV) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and GDV?
On 3 years of weekly data the FUND/GDV correlation comes out at 0.78, strong. Lately the two have drifted apart, with the 1-year correlation at 0.63 versus 0.78 over 3 years. The 5-year figure is 0.82, and annualized covariance runs at 209.1 %².
Within FUND's tracked universe of 32 assets, GDV comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FUND outperformed by 18.8 percentage points (+39.1% for FUND 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.
FUND vs GDV: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +39.1% | +20.3% |
| 5-year return | +83.0% | +53.8% |
| Volatility (ann.) | 17.9% | 15.0% |
| Beta vs S&P 500 | 0.77 | 0.90 |
| Max drawdown (3Y) | -18.2% | -16.1% |
| Market cap | $0.3B | $2.7B |
| P/E (trailing) | 5.8 | 6.3 |
| Dividend yield | 5.36% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | GDV |
|---|---|---|
| 2022 | -1.2% | -18.6% |
| 2023 | +6.9% | +11.9% |
| 2024 | -1.0% | +18.1% |
| 2025 | +27.5% | +22.8% |
| 2026 | +26.8% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and GDV good diversifiers for each other?
To a limited degree. At 0.78 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 FUND and GDV?
As of 2026-08-27, the correlation of weekly returns between FUND and GDV is 0.78 over 3 years, 0.63 over 1 year and 0.82 over 5 years.
Is GDV a good diversifier for FUND?
To a limited degree. At 0.78 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 0.78 mean?
On the −1 to +1 scale, 0.78 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fund-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fund-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FUND correlations · GDV correlations
