GDV vs MSI: Correlation
Gabelli Dividend & Income Trust (GDV) and Motorola Solutions (MSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and MSI?
Across a 3-year window, the weekly returns of GDV and MSI correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.45 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 148.6 %².
Among the 71 assets we track against GDV, MSI ranks #62 by 3-year correlation. On 12-month performance GDV holds a 14.4-point edge, +20.3% against +5.9%.
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 MSI: side by side
| GDV (Gabelli Dividend & Income Trust) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +20.3% | +5.9% |
| 5-year return | +53.8% | +111.1% |
| Volatility (ann.) | 15.0% | 22.1% |
| Beta vs S&P 500 | 0.90 | 0.61 |
| Max drawdown (3Y) | -16.1% | -27.0% |
| Market cap | $2.7B | $80.5B |
| P/E (trailing) | 6.3 | 38.5 |
| Dividend yield | 5.51% | 0.97% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GDV | MSI |
|---|---|---|
| 2022 | -18.6% | -3.8% |
| 2023 | +11.9% | +23.0% |
| 2024 | +18.1% | +49.1% |
| 2025 | +22.8% | -16.2% |
| 2026 | +13.8% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and MSI good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDV and MSI?
The GDV/MSI correlation stands at 0.45 on a 3-year window (1 year: 0.28, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is MSI a good diversifier for GDV?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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-msi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdv-vs-msi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDV correlations · MSI correlations
