GDV vs SYK: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Stryker Corporation (SYK) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and SYK?
On 3 years of weekly data the GDV/SYK correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.48 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 155.6 %².
By 3-year correlation, SYK places #58 of the 71 assets tracked against GDV. The last year tells two different stories: GDV led by 37.5 percentage points, +20.3% for GDV against -17.2% for SYK.
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 SYK: side by side
| GDV (Gabelli Dividend & Income Trust) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | +20.3% | -17.2% |
| 5-year return | +53.8% | +23.8% |
| Volatility (ann.) | 15.0% | 21.5% |
| Beta vs S&P 500 | 0.90 | 0.61 |
| Max drawdown (3Y) | -16.1% | -29.4% |
| Market cap | $2.7B | $123.6B |
| P/E (trailing) | 6.3 | 34.1 |
| Dividend yield | 5.51% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GDV | SYK |
|---|---|---|
| 2022 | -18.6% | -7.4% |
| 2023 | +11.9% | +23.8% |
| 2024 | +18.1% | +21.3% |
| 2025 | +22.8% | -1.5% |
| 2026 | +13.8% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and SYK good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GDV and SYK?
The GDV/SYK correlation stands at 0.48 on a 3-year window (1 year: 0.29, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SYK a good diversifier for GDV?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdv-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · SYK correlations
