GGN vs GNT: Correlation
Measured on weekly returns over the past three years, GAMCO Global Gold, Natural Resources & Income Trust (GGN) and GAMCO Natural Resources, Gold & Income Trust (GNT) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGN and GNT?
On 3 years of weekly data the GGN/GNT correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 285.5 %².
Among the 17 assets we track against GGN, GNT ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GNT outperformed by 22.5 percentage points (+28.6% for GGN against +51.1% for GNT).
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.
GGN vs GNT: side by side
| GGN (GAMCO Global Gold, Natural Resources & Income Trust) | GNT (GAMCO Natural Resources, Gold & Income Trust) | |
|---|---|---|
| 1-year return | +28.6% | +51.1% |
| 5-year return | +128.2% | +152.2% |
| Volatility (ann.) | 18.5% | 21.0% |
| Beta vs S&P 500 | 0.36 | 0.40 |
| Max drawdown (3Y) | -16.9% | -15.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | 2.8 | 3.2 |
| Dividend yield | 6.36% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGN | GNT |
|---|---|---|
| 2022 | +6.8% | +2.8% |
| 2023 | +14.1% | +7.8% |
| 2024 | +9.6% | +10.5% |
| 2025 | +48.2% | +52.4% |
| 2026 | +15.4% | +32.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGN and GNT good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GGN and GNT?
The GGN/GNT correlation stands at 0.74 on a 3-year window (1 year: 0.71, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is GNT a good diversifier for GGN?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 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
$ curl https://www.pairbook.io/api/v1/pairs/ggn-vs-gnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggn-vs-gnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGN correlations · GNT correlations
