GDV vs VTV: Correlation
How closely do Gabelli Dividend & Income Trust (GDV) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and VTV?
Over the past 3 years, GDV and VTV moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.75) runs below the 3-year figure (0.89). Over 5 years the correlation is 0.91, and the annualized covariance of weekly returns is 159.1 %².
Among the 71 assets we track against GDV, VTV ranks #8 by 3-year correlation. On 12-month performance VTV holds a 5.4-point edge, +20.3% against +25.7%.
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 VTV: side by side
| GDV (Gabelli Dividend & Income Trust) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +20.3% | +25.7% |
| 5-year return | +53.8% | +79.1% |
| Volatility (ann.) | 15.0% | 11.9% |
| Beta vs S&P 500 | 0.90 | 0.65 |
| Max drawdown (3Y) | -16.1% | -14.5% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | US Listed | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | GDV | VTV |
|---|---|---|
| 2022 | -18.6% | -2.1% |
| 2023 | +11.9% | +9.3% |
| 2024 | +18.1% | +16.0% |
| 2025 | +22.8% | +15.3% |
| 2026 | +13.8% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and VTV good diversifiers for each other?
No: a correlation of 0.89 means GDV and VTV tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GDV and VTV?
As of 2026-08-27, the correlation of weekly returns between GDV and VTV is 0.89 over 3 years, 0.75 over 1 year and 0.91 over 5 years.
Is VTV a good diversifier for GDV?
No: a correlation of 0.89 means GDV and VTV tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 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 · VTV correlations
