GGZ vs REZI: Correlation
How closely do Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) and Resideo Technologies, Inc. (REZI) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGZ and REZI?
Over the past 3 years, GGZ and REZI moved with a correlation of 0.60, which is strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 522.1 %².
Among the 44 assets we track against GGZ, REZI ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GGZ outperformed by 38.5 percentage points (+21.2% for GGZ against -17.3% for REZI). Note the risk asymmetry: REZI runs 2.7 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.
GGZ vs REZI: side by side
| GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | REZI (Resideo Technologies, Inc.) | |
|---|---|---|
| 1-year return | +21.2% | -17.3% |
| 5-year return | +37.8% | -11.7% |
| Volatility (ann.) | 17.8% | 48.9% |
| Beta vs S&P 500 | 0.90 | 1.58 |
| Max drawdown (3Y) | -17.8% | -47.1% |
| Market cap | – | $3.0B |
| P/E (trailing) | 5.6 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGZ | REZI |
|---|---|---|
| 2022 | -25.5% | -36.8% |
| 2023 | +10.7% | +14.4% |
| 2024 | +5.2% | +22.5% |
| 2025 | +34.9% | +52.4% |
| 2026 | +13.5% | -18.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGZ and REZI good diversifiers for each other?
To a limited degree. At 0.60 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 GGZ and REZI?
The GGZ/REZI correlation stands at 0.60 on a 3-year window (1 year: 0.57, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is REZI a good diversifier for GGZ?
To a limited degree. At 0.60 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 0.60 mean?
A reading of 0.60 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/ggz-vs-rezi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggz-vs-rezi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGZ correlations · REZI correlations
