GDV vs GLV: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Clough Global Dividend and Income Fund (GLV) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and GLV?
Over the past 3 years, GDV and GLV moved with a correlation of 0.74, which is strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.74). Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 136.5 %².
By 3-year correlation, GLV places #33 of the 71 assets tracked against GDV. Their 12-month results are close: +20.3% for GDV against +18.2% for GLV.
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.
GDV vs GLV: side by side
| GDV (Gabelli Dividend & Income Trust) | GLV (Clough Global Dividend and Income Fund) | |
|---|---|---|
| 1-year return | +20.3% | +18.2% |
| 5-year return | +53.8% | -5.5% |
| Volatility (ann.) | 15.0% | 12.3% |
| Beta vs S&P 500 | 0.90 | 0.60 |
| Max drawdown (3Y) | -16.1% | -11.5% |
| Market cap | $2.7B | $0.1B |
| P/E (trailing) | 6.3 | 3.9 |
| Dividend yield | 5.51% | 10.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | GLV |
|---|---|---|
| 2022 | -18.6% | -31.9% |
| 2023 | +11.9% | -8.4% |
| 2024 | +18.1% | +18.0% |
| 2025 | +22.8% | +23.0% |
| 2026 | +13.8% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and GLV good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GDV and GLV?
The GDV/GLV correlation stands at 0.74 on a 3-year window (1 year: 0.57, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is GLV a good diversifier for GDV?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 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/gdv-vs-glv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-glv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · GLV correlations
