GCV vs SIFY: Correlation
How closely do Gabelli Convertible and Income Securities Fund, Inc. (The) (GCV) and Sify Technologies Limited - American Depository Shares (SIFY) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCV and SIFY?
On 3 years of weekly data the GCV/SIFY correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.30 over 3. The 5-year figure is 0.23, and annualized covariance runs at 366.7 %².
Out of 13 assets tracked against GCV, SIFY lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months SIFY outperformed by 28.2 percentage points (+26.7% for GCV against +54.9% for SIFY). One caveat on sizing: SIFY is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GCV vs SIFY: side by side
| GCV (Gabelli Convertible and Income Securities Fund, Inc. (The)) | SIFY (Sify Technologies Limited - American Depository Shares) | |
|---|---|---|
| 1-year return | +26.7% | +54.9% |
| 5-year return | +23.7% | -31.9% |
| Volatility (ann.) | 15.8% | 78.4% |
| Beta vs S&P 500 | 0.57 | 0.48 |
| Max drawdown (3Y) | -18.3% | -85.6% |
| Market cap | $0.1B | $1.1B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 10.48% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCV | SIFY |
|---|---|---|
| 2022 | -23.9% | -64.4% |
| 2023 | -15.6% | +62.6% |
| 2024 | +19.9% | -74.5% |
| 2025 | +22.9% | +326.2% |
| 2026 | +16.7% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCV and SIFY good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GCV and SIFY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.39 over the last year and 0.23 over 5 years.
Is SIFY a good diversifier for GCV?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/gcv-vs-sify.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gcv-vs-sify/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GCV correlations · SIFY correlations
