GDV vs TEL: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and TE Connectivity (TEL) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and TEL?
Over the past 3 years, GDV and TEL moved with a correlation of 0.66, which is strong. The link has loosened recently: the 1-year correlation (0.51) runs below the 3-year figure (0.66). Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 286.1 %².
By 3-year correlation, TEL places #38 of the 71 assets tracked against GDV. Correlation aside, the last 12 months split them widely, with GDV ahead by 21.4 points (+20.3% versus -1.1%). One caveat on sizing: TEL is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TEL: side by side
| GDV (Gabelli Dividend & Income Trust) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +20.3% | -1.1% |
| 5-year return | +53.8% | +43.7% |
| Volatility (ann.) | 15.0% | 28.8% |
| Beta vs S&P 500 | 0.90 | 1.32 |
| Max drawdown (3Y) | -16.1% | -22.6% |
| Market cap | $2.7B | $58.8B |
| P/E (trailing) | 6.3 | 20.1 |
| Dividend yield | 5.51% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GDV | TEL |
|---|---|---|
| 2022 | -18.6% | -27.7% |
| 2023 | +11.9% | +24.6% |
| 2024 | +18.1% | +3.5% |
| 2025 | +22.8% | +61.1% |
| 2026 | +13.8% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and TEL good diversifiers for each other?
To a limited degree. At 0.66 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 TEL?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.51 over the last year and 0.69 over 5 years.
Is TEL a good diversifier for GDV?
To a limited degree. At 0.66 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 0.66 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-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gdv-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · TEL correlations
