GDV vs VIG: Correlation
Gabelli Dividend & Income Trust (GDV) and Vanguard Dividend Appreciation ETF (VIG) show a very strong relationship: their 3-year correlation of weekly returns is 0.91.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and VIG?
On 3 years of weekly data the GDV/VIG correlation comes out at 0.91, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.92, and annualized covariance runs at 162.6 %².
Among the 71 assets we track against GDV, VIG ranks #4 by 3-year correlation. Their 12-month results are close: +20.3% for GDV against +17.1% for VIG.
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 VIG: side by side
| GDV (Gabelli Dividend & Income Trust) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +20.3% | +17.1% |
| 5-year return | +53.8% | +64.0% |
| Volatility (ann.) | 15.0% | 11.9% |
| Beta vs S&P 500 | 0.90 | 0.74 |
| Max drawdown (3Y) | -16.1% | -15.0% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | US Listed | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | GDV | VIG |
|---|---|---|
| 2022 | -18.6% | -9.8% |
| 2023 | +11.9% | +14.5% |
| 2024 | +18.1% | +17.0% |
| 2025 | +22.8% | +14.2% |
| 2026 | +13.8% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and VIG good diversifiers for each other?
No: a correlation of 0.91 means GDV and VIG tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GDV and VIG?
As of 2026-08-27, the correlation of weekly returns between GDV and VIG is 0.91 over 3 years, 0.84 over 1 year and 0.92 over 5 years.
Is VIG a good diversifier for GDV?
No: a correlation of 0.91 means GDV and VIG tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.91 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
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Related comparisons
Hubs: GDV correlations · VIG correlations
