GDV vs LIN: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Linde plc (LIN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and LIN?
Across a 3-year window, the weekly returns of GDV and LIN correlate at 0.47, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.47). Stretching to 5 years gives 0.58, with an annualized covariance of 116.1 %².
Within GDV's tracked universe of 71 assets, LIN comes in at #59 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GDV ahead by 18.4 points (+20.3% versus +1.9%).
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 LIN: side by side
| GDV (Gabelli Dividend & Income Trust) | LIN (Linde plc) | |
|---|---|---|
| 1-year return | +20.3% | +1.9% |
| 5-year return | +53.8% | +64.6% |
| Volatility (ann.) | 15.0% | 16.5% |
| Beta vs S&P 500 | 0.90 | 0.37 |
| Max drawdown (3Y) | -16.1% | -19.2% |
| Market cap | $2.7B | $223.7B |
| P/E (trailing) | 6.3 | 31.6 |
| Dividend yield | 5.51% | 1.26% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GDV | LIN |
|---|---|---|
| 2022 | -18.6% | -4.4% |
| 2023 | +11.9% | +27.7% |
| 2024 | +18.1% | +3.2% |
| 2025 | +22.8% | +3.2% |
| 2026 | +13.8% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and LIN good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDV and LIN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.24 over the last year and 0.58 over 5 years.
Is LIN a good diversifier for GDV?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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-lin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-lin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDV correlations · LIN correlations
