GAB vs GGT: Correlation
Gabelli Equity Trust, Inc. (The) (GAB) and Gabelli Multi-Media Trust, Inc. (The) (GGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAB and GGT?
On 3 years of weekly data the GAB/GGT correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.45). The 5-year figure is 0.53, and annualized covariance runs at 156.9 %².
By 3-year correlation, GGT places #11 of the 16 assets tracked against GAB. On 12-month performance GGT holds a 13.8-point edge, +5.8% against +19.6%.
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 GGT: side by side
| GAB (Gabelli Equity Trust, Inc. (The)) | GGT (Gabelli Multi-Media Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | +5.8% | +19.6% |
| 5-year return | +40.3% | -2.3% |
| Volatility (ann.) | 16.2% | 21.6% |
| Beta vs S&P 500 | 0.72 | 0.52 |
| Max drawdown (3Y) | -14.8% | -31.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 5.8 | 3.3 |
| Dividend yield | 10.54% | 21.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAB | GGT |
|---|---|---|
| 2022 | -16.3% | -30.8% |
| 2023 | +3.4% | +22.5% |
| 2024 | +18.0% | -6.0% |
| 2025 | +27.0% | +15.4% |
| 2026 | -1.4% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAB and GGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GAB and GGT?
As of 2026-08-27, the correlation of weekly returns between GAB and GGT is 0.45 over 3 years, 0.31 over 1 year and 0.53 over 5 years.
Is GGT a good diversifier for GAB?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/gab-vs-ggt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gab-vs-ggt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GAB correlations · GGT correlations
