GDV vs NSC: Correlation
Gabelli Dividend & Income Trust (GDV) and Norfolk Southern (NSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and NSC?
Over the past 3 years, GDV and NSC moved with a correlation of 0.56, which is moderate. The past 12 months show a weaker link (0.26) than the 3-year average (0.56). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 185.8 %².
Within GDV's tracked universe of 71 assets, NSC comes in at #49 by 3-year correlation. On 12-month performance NSC holds a 9.7-point edge, +20.3% against +30.0%.
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 NSC: side by side
| GDV (Gabelli Dividend & Income Trust) | NSC (Norfolk Southern) | |
|---|---|---|
| 1-year return | +20.3% | +30.0% |
| 5-year return | +53.8% | +49.6% |
| Volatility (ann.) | 15.0% | 22.0% |
| Beta vs S&P 500 | 0.90 | 0.69 |
| Max drawdown (3Y) | -16.1% | -25.1% |
| Market cap | $2.7B | $78.1B |
| P/E (trailing) | 6.3 | 30.1 |
| Dividend yield | 5.51% | 1.53% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GDV | NSC |
|---|---|---|
| 2022 | -18.6% | -15.6% |
| 2023 | +11.9% | -1.6% |
| 2024 | +18.1% | +1.6% |
| 2025 | +22.8% | +25.6% |
| 2026 | +13.8% | +22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and NSC good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GDV and NSC?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.26 over the last year and 0.58 over 5 years.
Is NSC a good diversifier for GDV?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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-nsc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdv-vs-nsc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · NSC correlations
