GAB vs RDNT: Correlation
How closely do Gabelli Equity Trust, Inc. (The) (GAB) and RadNet, Inc. (RDNT) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAB and RDNT?
On 3 years of weekly data the GAB/RDNT correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 336.9 %².
Among the 16 assets we track against GAB, RDNT ranks #8 by 3-year correlation. Their 12-month results are close: +5.8% for GAB against +5.7% for RDNT. Note the risk asymmetry: RDNT runs 2.6 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 RDNT: side by side
| GAB (Gabelli Equity Trust, Inc. (The)) | RDNT (RadNet, Inc.) | |
|---|---|---|
| 1-year return | +5.8% | +5.7% |
| 5-year return | +40.3% | +146.0% |
| Volatility (ann.) | 16.2% | 42.6% |
| Beta vs S&P 500 | 0.72 | 1.29 |
| Max drawdown (3Y) | -14.8% | -46.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 10.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GAB | RDNT |
|---|---|---|
| 2022 | -16.3% | -37.5% |
| 2023 | +3.4% | +84.7% |
| 2024 | +18.0% | +100.9% |
| 2025 | +27.0% | +2.2% |
| 2026 | -1.4% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAB and RDNT good diversifiers for each other?
Reasonably. At 0.49, GAB and RDNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GAB and RDNT?
The GAB/RDNT correlation stands at 0.49 on a 3-year window (1 year: 0.51, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is RDNT a good diversifier for GAB?
Reasonably. At 0.49, GAB and RDNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GAB correlations · RDNT correlations
