GDV vs SCD: Correlation
Gabelli Dividend & Income Trust (GDV) and LMP Capital and Income Fund Inc. (SCD) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and SCD?
Across a 3-year window, the weekly returns of GDV and SCD correlate at 0.75, strong. The past 12 months show a weaker link (0.64) than the 3-year average (0.75). Stretching to 5 years gives 0.82, with an annualized covariance of 196.7 %².
Among the 71 assets we track against GDV, SCD ranks #32 by 3-year correlation. On 12-month performance GDV holds a 9.4-point edge, +20.3% against +10.9%.
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 SCD: side by side
| GDV (Gabelli Dividend & Income Trust) | SCD (LMP Capital and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +10.9% |
| 5-year return | +53.8% | +68.6% |
| Volatility (ann.) | 15.0% | 17.4% |
| Beta vs S&P 500 | 0.90 | 0.81 |
| Max drawdown (3Y) | -16.1% | -21.8% |
| Market cap | $2.7B | $0.4B |
| P/E (trailing) | 6.3 | 5.1 |
| Dividend yield | 5.51% | 9.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | SCD |
|---|---|---|
| 2022 | -18.6% | -14.0% |
| 2023 | +11.9% | +27.9% |
| 2024 | +18.1% | +33.7% |
| 2025 | +22.8% | -5.7% |
| 2026 | +13.8% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and SCD good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDV and SCD?
As of 2026-08-27, the correlation of weekly returns between GDV and SCD is 0.75 over 3 years, 0.64 over 1 year and 0.82 over 5 years.
Is SCD a good diversifier for GDV?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GDV correlations · SCD correlations
