FUND vs GLU: Correlation
Measured on weekly returns over the past three years, Sprott Focus Trust, Inc. - Closed End Fund (FUND) and Gabelli Global Utility (GLU) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUND and GLU?
Across a 3-year window, the weekly returns of FUND and GLU correlate at 0.62, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.60, with an annualized covariance of 186.4 %².
Within FUND's tracked universe of 32 assets, GLU comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FUND outperformed by 23.6 percentage points (+39.1% for FUND against +15.5% for GLU).
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 GLU: side by side
| FUND (Sprott Focus Trust, Inc. - Closed End Fund) | GLU (Gabelli Global Utility) | |
|---|---|---|
| 1-year return | +39.1% | +15.5% |
| 5-year return | +83.0% | +33.9% |
| Volatility (ann.) | 17.9% | 16.8% |
| Beta vs S&P 500 | 0.77 | 0.45 |
| Max drawdown (3Y) | -18.2% | -17.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | 5.8 | 3.9 |
| Dividend yield | 5.36% | 6.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUND | GLU |
|---|---|---|
| 2022 | -1.2% | -28.1% |
| 2023 | +6.9% | +2.1% |
| 2024 | -1.0% | +23.6% |
| 2025 | +27.5% | +37.9% |
| 2026 | +26.8% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUND and GLU good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FUND and GLU?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.57 over the last year and 0.60 over 5 years.
Is GLU a good diversifier for FUND?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/fund-vs-glu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fund-vs-glu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUND correlations · GLU correlations
