GDV vs HII: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Huntington Ingalls Industries (HII) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and HII?
Across a 3-year window, the weekly returns of GDV and HII correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 221.4 %².
By 3-year correlation, HII places #65 of the 71 assets tracked against GDV. The trailing year gives GDV the advantage: +20.3% versus +9.4%, a 10.9-point spread. One caveat on sizing: HII is 2.4 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 HII: side by side
| GDV (Gabelli Dividend & Income Trust) | HII (Huntington Ingalls Industries) | |
|---|---|---|
| 1-year return | +20.3% | +9.4% |
| 5-year return | +53.8% | +59.2% |
| Volatility (ann.) | 15.0% | 35.3% |
| Beta vs S&P 500 | 0.90 | 0.84 |
| Max drawdown (3Y) | -16.1% | -45.2% |
| Market cap | $2.7B | $11.7B |
| P/E (trailing) | 6.3 | 17.7 |
| Dividend yield | 5.51% | 1.85% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GDV | HII |
|---|---|---|
| 2022 | -18.6% | +26.3% |
| 2023 | +11.9% | +15.2% |
| 2024 | +18.1% | -25.7% |
| 2025 | +22.8% | +84.2% |
| 2026 | +13.8% | -11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and HII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDV and HII?
The GDV/HII correlation stands at 0.42 on a 3-year window (1 year: 0.32, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is HII a good diversifier for GDV?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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.
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Related comparisons
Hubs: GDV correlations · HII correlations
