GAB vs GDV: Correlation
Gabelli Equity Trust, Inc. (The) (GAB) and Gabelli Dividend & Income Trust (GDV) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAB and GDV?
On 3 years of weekly data the GAB/GDV correlation comes out at 0.75, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.75). The 5-year figure is 0.73, and annualized covariance runs at 181.4 %².
Few assets follow GAB as closely as GDV, which ranks #1 of 16 tracked partners. Over the last 12 months GDV came out ahead by 14.5 percentage points (+5.8% 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.
GAB vs GDV: side by side
| GAB (Gabelli Equity Trust, Inc. (The)) | GDV (Gabelli Dividend & Income Trust) | |
|---|---|---|
| 1-year return | +5.8% | +20.3% |
| 5-year return | +40.3% | +53.8% |
| Volatility (ann.) | 16.2% | 15.0% |
| Beta vs S&P 500 | 0.72 | 0.90 |
| Max drawdown (3Y) | -14.8% | -16.1% |
| Market cap | – | $2.7B |
| P/E (trailing) | 5.8 | 6.3 |
| Dividend yield | 10.54% | 5.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAB | GDV |
|---|---|---|
| 2022 | -16.3% | -18.6% |
| 2023 | +3.4% | +11.9% |
| 2024 | +18.0% | +18.1% |
| 2025 | +27.0% | +22.8% |
| 2026 | -1.4% | +13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAB and GDV good diversifiers for each other?
To a limited degree. At 0.75 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 GAB and GDV?
As of 2026-08-27, the correlation of weekly returns between GAB and GDV is 0.75 over 3 years, 0.59 over 1 year and 0.73 over 5 years.
Is GDV a good diversifier for GAB?
To a limited degree. At 0.75 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 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gab-vs-gdv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gab-vs-gdv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GAB correlations · GDV correlations
