GAB vs HAS: Correlation
Measured on weekly returns over the past three years, Gabelli Equity Trust, Inc. (The) (GAB) and Hasbro (HAS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAB and HAS?
Over the past 3 years, GAB and HAS moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 247.5 %².
By 3-year correlation, HAS places #10 of the 16 assets tracked against GAB. On 12-month performance HAS holds a 13.4-point edge, +5.8% against +19.2%. Note the risk asymmetry: HAS runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HAS: side by side
| GAB (Gabelli Equity Trust, Inc. (The)) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +5.8% | +19.2% |
| 5-year return | +40.3% | +17.1% |
| Volatility (ann.) | 16.2% | 31.7% |
| Beta vs S&P 500 | 0.72 | 0.86 |
| Max drawdown (3Y) | -14.8% | -40.3% |
| Market cap | – | $13.3B |
| P/E (trailing) | 5.8 | 17.1 |
| Dividend yield | 10.54% | 2.91% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GAB | HAS |
|---|---|---|
| 2022 | -16.3% | -37.9% |
| 2023 | +3.4% | -11.9% |
| 2024 | +18.0% | +14.8% |
| 2025 | +27.0% | +52.5% |
| 2026 | -1.4% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAB and HAS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GAB and HAS?
As of 2026-08-27, the correlation of weekly returns between GAB and HAS is 0.48 over 3 years, 0.39 over 1 year and 0.41 over 5 years.
Is HAS a good diversifier for GAB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/gab-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gab-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GAB correlations · HAS correlations
