GDV vs GS: Correlation
Gabelli Dividend & Income Trust (GDV) and Goldman Sachs (GS) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and GS?
Over the past 3 years, GDV and GS moved with a correlation of 0.75, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.75 over 3 years. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 302.2 %².
Among the 71 assets we track against GDV, GS ranks #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GS outperformed by 21.3 percentage points (+20.3% for GDV against +41.6% for GS). One caveat on sizing: GS is 1.8 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.
GDV vs GS: side by side
| GDV (Gabelli Dividend & Income Trust) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | +20.3% | +41.6% |
| 5-year return | +53.8% | +184.1% |
| Volatility (ann.) | 15.0% | 27.0% |
| Beta vs S&P 500 | 0.90 | 1.34 |
| Max drawdown (3Y) | -16.1% | -30.9% |
| Market cap | $2.7B | $303.1B |
| P/E (trailing) | 6.3 | 16.1 |
| Dividend yield | 5.51% | 1.63% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | GDV | GS |
|---|---|---|
| 2022 | -18.6% | -7.9% |
| 2023 | +11.9% | +15.9% |
| 2024 | +18.1% | +52.0% |
| 2025 | +22.8% | +56.6% |
| 2026 | +13.8% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and GS good diversifiers for each other?
Only partially. A correlation of 0.75 means GDV and GS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GDV and GS?
As of 2026-08-27, the correlation of weekly returns between GDV and GS is 0.75 over 3 years, 0.50 over 1 year and 0.75 over 5 years.
Is GS a good diversifier for GDV?
Only partially. A correlation of 0.75 means GDV and GS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDV correlations · GS correlations
