GDV vs HON: Correlation
Gabelli Dividend & Income Trust (GDV) and Honeywell Technologies (HON) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and HON?
Across a 3-year window, the weekly returns of GDV and HON correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 188.2 %².
Within GDV's tracked universe of 71 assets, HON comes in at #52 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GDV ahead by 17.6 points (+20.3% versus +2.7%). Note the risk asymmetry: HON runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HON: side by side
| GDV (Gabelli Dividend & Income Trust) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | +20.3% | +2.7% |
| 5-year return | +53.8% | +6.6% |
| Volatility (ann.) | 15.0% | 23.2% |
| Beta vs S&P 500 | 0.90 | 0.74 |
| Max drawdown (3Y) | -16.1% | -22.1% |
| Market cap | $2.7B | $69.9B |
| P/E (trailing) | 6.3 | 8.5 |
| Dividend yield | 5.51% | 4.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GDV | HON |
|---|---|---|
| 2022 | -18.6% | +4.9% |
| 2023 | +11.9% | +0.0% |
| 2024 | +18.1% | +10.0% |
| 2025 | +22.8% | -6.4% |
| 2026 | +13.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and HON good diversifiers for each other?
To a limited degree. At 0.54 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 HON?
The GDV/HON correlation stands at 0.54 on a 3-year window (1 year: 0.46, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is HON a good diversifier for GDV?
To a limited degree. At 0.54 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 0.54 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-hon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdv-vs-hon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · HON correlations
