GDV vs TY: Correlation
Gabelli Dividend & Income Trust (GDV) and Tri Continental Corporation (TY) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and TY?
On 3 years of weekly data the GDV/TY correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.70) runs below the 3-year figure (0.86). The 5-year figure is 0.87, and annualized covariance runs at 174.3 %².
Within GDV's tracked universe of 71 assets, TY comes in at #13 by 3-year correlation. Over the last 12 months GDV came out ahead by 9.0 percentage points (+20.3% against +11.3%).
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 TY: side by side
| GDV (Gabelli Dividend & Income Trust) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +11.3% |
| 5-year return | +53.8% | +26.0% |
| Volatility (ann.) | 15.0% | 13.5% |
| Beta vs S&P 500 | 0.90 | 0.79 |
| Max drawdown (3Y) | -16.1% | -19.7% |
| Market cap | $2.7B | $1.9B |
| P/E (trailing) | 6.3 | 7.3 |
| Dividend yield | 5.51% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GDV | TY |
|---|---|---|
| 2022 | -18.6% | -19.7% |
| 2023 | +11.9% | +17.2% |
| 2024 | +18.1% | +15.0% |
| 2025 | +22.8% | +6.6% |
| 2026 | +13.8% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and TY good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GDV and TY?
As of 2026-08-27, the correlation of weekly returns between GDV and TY is 0.86 over 3 years, 0.70 over 1 year and 0.87 over 5 years.
Is TY a good diversifier for GDV?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
A reading of 0.86 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-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GDV correlations · TY correlations
