GDV vs NFJ: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Virtus Dividend, Interest & Premium Strategy Fund (NFJ) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and NFJ?
Across a 3-year window, the weekly returns of GDV and NFJ correlate at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Stretching to 5 years gives 0.87, with an annualized covariance of 171.9 %².
Within GDV's tracked universe of 71 assets, NFJ comes in at #16 by 3-year correlation. On 12-month performance NFJ holds a 10.7-point edge, +20.3% against +31.0%.
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 NFJ: side by side
| GDV (Gabelli Dividend & Income Trust) | NFJ (Virtus Dividend, Interest & Premium Strategy Fund) | |
|---|---|---|
| 1-year return | +20.3% | +31.0% |
| 5-year return | +53.8% | +50.8% |
| Volatility (ann.) | 15.0% | 13.8% |
| Beta vs S&P 500 | 0.90 | 0.73 |
| Max drawdown (3Y) | -16.1% | -17.0% |
| Market cap | $2.7B | $1.5B |
| P/E (trailing) | 6.3 | 9.8 |
| Dividend yield | 5.51% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | NFJ |
|---|---|---|
| 2022 | -18.6% | -23.9% |
| 2023 | +11.9% | +21.3% |
| 2024 | +18.1% | +10.0% |
| 2025 | +22.8% | +12.4% |
| 2026 | +13.8% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and NFJ good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GDV and NFJ?
The GDV/NFJ correlation stands at 0.83 on a 3-year window (1 year: 0.78, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is NFJ a good diversifier for GDV?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 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-nfj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-nfj/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · NFJ correlations
