GDV vs ZTS: Correlation
Measured on weekly returns over the past three years, Gabelli Dividend & Income Trust (GDV) and Zoetis (ZTS) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDV and ZTS?
Across a 3-year window, the weekly returns of GDV and ZTS correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 188.4 %².
Within GDV's tracked universe of 71 assets, ZTS comes in at #66 by 3-year correlation. The last year tells two different stories: GDV led by 71.1 percentage points, +20.3% for GDV against -50.8% for ZTS. Note the risk asymmetry: ZTS runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 ZTS: side by side
| GDV (Gabelli Dividend & Income Trust) | ZTS (Zoetis) | |
|---|---|---|
| 1-year return | +20.3% | -50.8% |
| 5-year return | +53.8% | -61.5% |
| Volatility (ann.) | 15.0% | 30.1% |
| Beta vs S&P 500 | 0.90 | 0.51 |
| Max drawdown (3Y) | -16.1% | -63.0% |
| Market cap | $2.7B | $31.0B |
| P/E (trailing) | 6.3 | 12.7 |
| Dividend yield | 5.51% | 2.66% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | GDV | ZTS |
|---|---|---|
| 2022 | -18.6% | -39.5% |
| 2023 | +11.9% | +35.9% |
| 2024 | +18.1% | -16.6% |
| 2025 | +22.8% | -21.8% |
| 2026 | +13.8% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDV and ZTS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GDV and ZTS?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.38 over the last year and 0.48 over 5 years.
Is ZTS a good diversifier for GDV?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-zts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gdv-vs-zts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GDV correlations · ZTS correlations
