GDV vs V: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and V?
Over the past 3 years, GDV and V moved with a correlation of 0.56, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.56 over 3 years. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 159.6 %².
By 3-year correlation, V places #50 of the 71 assets tracked against GDV. Over the last 12 months GDV came out ahead by 11.1 percentage points (+20.3% against +9.2%).
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 V: side by side
| GDV (Gabelli Dividend & Income Trust) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +9.2% |
| 5-year return | +53.8% | +70.5% |
| Volatility (ann.) | 15.0% | 19.1% |
| Beta vs S&P 500 | 0.90 | 0.72 |
| Max drawdown (3Y) | -16.1% | -20.4% |
| Market cap | $2.7B | $708.8B |
| P/E (trailing) | 6.3 | 32.7 |
| Dividend yield | 5.51% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | GDV | V |
|---|---|---|
| 2022 | -18.6% | -3.4% |
| 2023 | +11.9% | +26.3% |
| 2024 | +18.1% | +22.3% |
| 2025 | +22.8% | +11.8% |
| 2026 | +13.8% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and V good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GDV and V?
The GDV/V correlation stands at 0.56 on a 3-year window (1 year: 0.35, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is V a good diversifier for GDV?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: GDV correlations · V correlations
