GDV vs IEFA: Correlation
Gabelli Dividend & Income Trust (GDV) and iShares Core MSCI EAFE ETF (IEFA) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and IEFA?
Across a 3-year window, the weekly returns of GDV and IEFA correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.83, with an annualized covariance of 181.1 %².
Among the 71 assets we track against GDV, IEFA ranks #22 by 3-year correlation. Neither side won the trailing year by much: +20.3% against +21.8%.
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 IEFA: side by side
| GDV (Gabelli Dividend & Income Trust) | IEFA (iShares Core MSCI EAFE ETF) | |
|---|---|---|
| 1-year return | +20.3% | +21.8% |
| 5-year return | +53.8% | +54.5% |
| Volatility (ann.) | 15.0% | 15.0% |
| Beta vs S&P 500 | 0.90 | 0.77 |
| Max drawdown (3Y) | -16.1% | -13.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 3.35% |
| Expense ratio | – | 0.07% |
| Assets under management | – | $190.1B |
| Sector / category | US Listed | ETF · International |
IEFA, iShares's Foreign Large Blend fund, carries $190.1B under management, 1620 holdings, a 0.07% expense ratio, a 3.35% trailing dividend yield.
Year-by-year returns
| Year | GDV | IEFA |
|---|---|---|
| 2022 | -18.6% | -15.2% |
| 2023 | +11.9% | +18.0% |
| 2024 | +18.1% | +3.3% |
| 2025 | +22.8% | +32.1% |
| 2026 | +13.8% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and IEFA good diversifiers for each other?
No: a correlation of 0.80 means GDV and IEFA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GDV and IEFA?
As of 2026-08-27, the correlation of weekly returns between GDV and IEFA is 0.80 over 3 years, 0.83 over 1 year and 0.83 over 5 years.
Is IEFA a good diversifier for GDV?
No: a correlation of 0.80 means GDV and IEFA tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
A reading of 0.80 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdv-vs-iefa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-iefa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDV correlations · IEFA correlations
