GGN vs MOS: Correlation
How closely do GAMCO Global Gold, Natural Resources & Income Trust (GGN) and Mosaic Company (The) (MOS) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGN and MOS?
Across a 3-year window, the weekly returns of GGN and MOS correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 309.7 %².
Within GGN's tracked universe of 17 assets, MOS comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GGN outperformed by 55.2 percentage points (+28.6% for GGN against -26.6% for MOS). One caveat on sizing: MOS is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MOS: side by side
| GGN (GAMCO Global Gold, Natural Resources & Income Trust) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +28.6% | -26.6% |
| 5-year return | +128.2% | -17.1% |
| Volatility (ann.) | 18.5% | 36.6% |
| Beta vs S&P 500 | 0.36 | 0.78 |
| Max drawdown (3Y) | -16.9% | -45.7% |
| Market cap | – | $7.6B |
| P/E (trailing) | 2.8 | – |
| Dividend yield | 6.36% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | GGN | MOS |
|---|---|---|
| 2022 | +6.8% | +12.8% |
| 2023 | +14.1% | -16.4% |
| 2024 | +9.6% | -29.1% |
| 2025 | +48.2% | +1.1% |
| 2026 | +15.4% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGN and MOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GGN and MOS?
As of 2026-08-27, the correlation of weekly returns between GGN and MOS is 0.46 over 3 years, 0.49 over 1 year and 0.49 over 5 years.
Is MOS a good diversifier for GGN?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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-mos.json
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Related comparisons
Hubs: GGN correlations · MOS correlations
