GDV vs STEW: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and SRH Total Return Fund, Inc. (STEW) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and STEW?
On 3 years of weekly data the GDV/STEW correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.64 versus 0.82 over 3 years. The 5-year figure is 0.86, and annualized covariance runs at 173.8 %².
Among the 71 assets we track against GDV, STEW ranks #18 by 3-year correlation. The last year tells two different stories: GDV led by 15.1 percentage points, +20.3% for GDV against +5.2% for STEW.
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 STEW: side by side
| GDV (Gabelli Dividend & Income Trust) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +5.2% |
| 5-year return | +53.8% | +61.2% |
| Volatility (ann.) | 15.0% | 14.1% |
| Beta vs S&P 500 | 0.90 | 0.67 |
| Max drawdown (3Y) | -16.1% | -10.5% |
| Market cap | $2.7B | $1.8B |
| P/E (trailing) | 6.3 | 12.1 |
| Dividend yield | 5.51% | 3.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | STEW |
|---|---|---|
| 2022 | -18.6% | -7.3% |
| 2023 | +11.9% | +13.5% |
| 2024 | +18.1% | +19.9% |
| 2025 | +22.8% | +20.3% |
| 2026 | +13.8% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and STEW good diversifiers for each other?
No: a correlation of 0.82 means GDV and STEW tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GDV and STEW?
As of 2026-08-27, the correlation of weekly returns between GDV and STEW is 0.82 over 3 years, 0.64 over 1 year and 0.86 over 5 years.
Is STEW a good diversifier for GDV?
No: a correlation of 0.82 means GDV and STEW tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gdv-vs-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · STEW correlations
