GAM vs VT: Correlation
Measured on weekly returns over the past three years, General American Investors, Inc. (GAM) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GAM and VT?
Across a 3-year window, the weekly returns of GAM and VT correlate at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.91, with an annualized covariance of 164.1 %².
Within GAM's tracked universe of 14 assets, VT comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +26.1% against +22.7%.
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.
GAM vs VT: side by side
| GAM (General American Investors, Inc.) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +26.1% | +22.7% |
| 5-year return | +118.0% | +67.7% |
| Volatility (ann.) | 13.6% | 13.9% |
| Beta vs S&P 500 | 0.81 | 0.92 |
| Max drawdown (3Y) | -14.9% | -16.5% |
| Market cap | $1.6B | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 9.47% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | GAM | VT |
|---|---|---|
| 2022 | -14.8% | -18.0% |
| 2023 | +26.8% | +22.0% |
| 2024 | +29.5% | +16.5% |
| 2025 | +28.6% | +22.4% |
| 2026 | +15.1% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GAM and VT good diversifiers for each other?
No. With a correlation of 0.87, GAM and VT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GAM and VT?
The GAM/VT correlation stands at 0.87 on a 3-year window (1 year: 0.77, 5 years: 0.91), computed from weekly returns as of 2026-08-27.
Is VT a good diversifier for GAM?
No. With a correlation of 0.87, GAM and VT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 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: GAM correlations · VT correlations
