GDV vs TDY: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Teledyne Technologies (TDY) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and TDY?
Over the past 3 years, GDV and TDY moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 187.5 %².
Within GDV's tracked universe of 71 assets, TDY comes in at #47 by 3-year correlation. Neither side won the trailing year by much: +20.3% against +15.7%.
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 TDY: side by side
| GDV (Gabelli Dividend & Income Trust) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | +20.3% | +15.7% |
| 5-year return | +53.8% | +36.5% |
| Volatility (ann.) | 15.0% | 22.0% |
| Beta vs S&P 500 | 0.90 | 0.76 |
| Max drawdown (3Y) | -16.1% | -18.8% |
| Market cap | $2.7B | $29.0B |
| P/E (trailing) | 6.3 | 30.7 |
| Dividend yield | 5.51% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GDV | TDY |
|---|---|---|
| 2022 | -18.6% | -8.5% |
| 2023 | +11.9% | +11.6% |
| 2024 | +18.1% | +4.0% |
| 2025 | +22.8% | +10.0% |
| 2026 | +13.8% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and TDY good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDV and TDY?
The GDV/TDY correlation stands at 0.57 on a 3-year window (1 year: 0.50, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is TDY a good diversifier for GDV?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gdv-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · TDY correlations
