GDV vs MA: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Mastercard (MA) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and MA?
On 3 years of weekly data the GDV/MA correlation comes out at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.59). The 5-year figure is 0.65, and annualized covariance runs at 170.2 %².
Within GDV's tracked universe of 71 assets, MA comes in at #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GDV ahead by 19.5 points (+20.3% versus +0.8%).
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 MA: side by side
| GDV (Gabelli Dividend & Income Trust) | MA (Mastercard) | |
|---|---|---|
| 1-year return | +20.3% | +0.8% |
| 5-year return | +53.8% | +72.6% |
| Volatility (ann.) | 15.0% | 19.3% |
| Beta vs S&P 500 | 0.90 | 0.77 |
| Max drawdown (3Y) | -16.1% | -20.9% |
| Market cap | $2.7B | $518.4B |
| P/E (trailing) | 6.3 | 32.9 |
| Dividend yield | 5.51% | 0.56% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | GDV | MA |
|---|---|---|
| 2022 | -18.6% | -2.7% |
| 2023 | +11.9% | +23.4% |
| 2024 | +18.1% | +24.2% |
| 2025 | +22.8% | +9.0% |
| 2026 | +13.8% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and MA good diversifiers for each other?
Only partially. A correlation of 0.59 means GDV and MA 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 MA?
The GDV/MA correlation stands at 0.59 on a 3-year window (1 year: 0.34, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is MA a good diversifier for GDV?
Only partially. A correlation of 0.59 means GDV and MA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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-ma.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-ma/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · MA correlations
