GDV vs SLF: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Sun Life Financial Inc. (SLF) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and SLF?
On 3 years of weekly data the GDV/SLF correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 141.0 %².
Among the 71 assets we track against GDV, SLF ranks #57 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLF outperformed by 19.7 percentage points (+20.3% for GDV against +40.0% for SLF).
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 SLF: side by side
| GDV (Gabelli Dividend & Income Trust) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +40.0% |
| 5-year return | +53.8% | +84.1% |
| Volatility (ann.) | 15.0% | 18.6% |
| Beta vs S&P 500 | 0.90 | 0.52 |
| Max drawdown (3Y) | -16.1% | -14.9% |
| Market cap | $2.7B | $43.8B |
| P/E (trailing) | 6.3 | 18.5 |
| Dividend yield | 5.51% | 4.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | SLF |
|---|---|---|
| 2022 | -18.6% | -12.9% |
| 2023 | +11.9% | +16.9% |
| 2024 | +18.1% | +19.5% |
| 2025 | +22.8% | +7.3% |
| 2026 | +13.8% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and SLF good diversifiers for each other?
To a limited degree. At 0.50 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 SLF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.42 over the last year and 0.64 over 5 years.
Is SLF a good diversifier for GDV?
To a limited degree. At 0.50 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 0.50 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-slf.json
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[](https://www.pairbook.io/pair/gdv-vs-slf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDV correlations · SLF correlations
