GDV vs VYM: Correlation
Gabelli Dividend & Income Trust (GDV) and Vanguard High Dividend Yield ETF (VYM) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and VYM?
On 3 years of weekly data the GDV/VYM correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.78) than the 3-year average (0.89). The 5-year figure is 0.91, and annualized covariance runs at 164.1 %².
Among the 71 assets we track against GDV, VYM ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +20.3% for GDV and +21.1% for VYM.
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 VYM: side by side
| GDV (Gabelli Dividend & Income Trust) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +20.3% | +21.1% |
| 5-year return | +53.8% | +76.6% |
| Volatility (ann.) | 15.0% | 12.3% |
| Beta vs S&P 500 | 0.90 | 0.69 |
| Max drawdown (3Y) | -16.1% | -14.5% |
| Market cap | $2.7B | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 5.51% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | GDV | VYM |
|---|---|---|
| 2022 | -18.6% | -0.4% |
| 2023 | +11.9% | +6.6% |
| 2024 | +18.1% | +17.6% |
| 2025 | +22.8% | +15.4% |
| 2026 | +13.8% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and VYM good diversifiers for each other?
No. With a correlation of 0.89, GDV and VYM move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between GDV and VYM?
The GDV/VYM correlation stands at 0.89 on a 3-year window (1 year: 0.78, 5 years: 0.91), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for GDV?
No. With a correlation of 0.89, GDV and VYM move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: GDV correlations · VYM correlations
