GDV vs RGT: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Royce Global Trust, Inc. (RGT) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and RGT?
Across a 3-year window, the weekly returns of GDV and RGT correlate at 0.81, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.71) runs below the 3-year figure (0.81). Stretching to 5 years gives 0.82, with an annualized covariance of 207.0 %².
Within GDV's tracked universe of 71 assets, RGT comes in at #19 by 3-year correlation. Twelve-month performance is nearly a tie, at +20.3% for GDV and +24.1% for RGT.
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 RGT: side by side
| GDV (Gabelli Dividend & Income Trust) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +24.1% |
| 5-year return | +53.8% | +25.5% |
| Volatility (ann.) | 15.0% | 17.0% |
| Beta vs S&P 500 | 0.90 | 0.91 |
| Max drawdown (3Y) | -16.1% | -19.0% |
| Market cap | $2.7B | $0.1B |
| P/E (trailing) | 6.3 | 5.4 |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | RGT |
|---|---|---|
| 2022 | -18.6% | -33.1% |
| 2023 | +11.9% | +14.6% |
| 2024 | +18.1% | +14.4% |
| 2025 | +22.8% | +24.1% |
| 2026 | +13.8% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and RGT good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GDV and RGT?
As of 2026-08-27, the correlation of weekly returns between GDV and RGT is 0.81 over 3 years, 0.71 over 1 year and 0.82 over 5 years.
Is RGT a good diversifier for GDV?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GDV correlations · RGT correlations
