GGZ vs PERI: Correlation
How closely do Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) and Perion Network Ltd (PERI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGZ and PERI?
On 3 years of weekly data the GGZ/PERI correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.42). The 5-year figure is 0.41, and annualized covariance runs at 363.9 %².
Out of 44 assets tracked against GGZ, PERI lands near the bottom at #40. Their recent paths diverged sharply: over the last 12 months GGZ outperformed by 17.5 percentage points (+21.2% for GGZ against +3.7% for PERI). One caveat on sizing: PERI is 2.7 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.
GGZ vs PERI: side by side
| GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | PERI (Perion Network Ltd) | |
|---|---|---|
| 1-year return | +21.2% | +3.7% |
| 5-year return | +37.8% | -54.1% |
| Volatility (ann.) | 17.8% | 48.9% |
| Beta vs S&P 500 | 0.90 | 1.06 |
| Max drawdown (3Y) | -17.8% | -80.1% |
| Market cap | – | $0.4B |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGZ | PERI |
|---|---|---|
| 2022 | -25.5% | +5.2% |
| 2023 | +10.7% | +22.0% |
| 2024 | +5.2% | -72.6% |
| 2025 | +34.9% | +13.1% |
| 2026 | +13.5% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGZ and PERI 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 GGZ and PERI?
As of 2026-08-27, the correlation of weekly returns between GGZ and PERI is 0.42 over 3 years, 0.25 over 1 year and 0.41 over 5 years.
Is PERI a good diversifier for GGZ?
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?
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/ggz-vs-peri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ggz-vs-peri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GGZ correlations · PERI correlations
