GGZ vs TTC: Correlation
Measured on weekly returns over the past three years, Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) and Toro Company (The) (TTC) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGZ and TTC?
Over the past 3 years, GGZ and TTC moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 307.8 %².
Among the 44 assets we track against GGZ, TTC ranks #23 by 3-year correlation. Their 12-month results are close: +21.2% for GGZ against +22.8% for TTC. One caveat on sizing: TTC is 1.7 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 TTC: side by side
| GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | TTC (Toro Company (The)) | |
|---|---|---|
| 1-year return | +21.2% | +22.8% |
| 5-year return | +37.8% | -3.5% |
| Volatility (ann.) | 17.8% | 31.1% |
| Beta vs S&P 500 | 0.90 | 0.98 |
| Max drawdown (3Y) | -17.8% | -36.9% |
| Market cap | – | – |
| P/E (trailing) | 5.6 | 28.9 |
| Dividend yield | 0.00% | 1.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGZ | TTC |
|---|---|---|
| 2022 | -25.5% | +14.9% |
| 2023 | +10.7% | -14.0% |
| 2024 | +5.2% | -15.2% |
| 2025 | +34.9% | +0.3% |
| 2026 | +13.5% | +27.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGZ and TTC good diversifiers for each other?
To a limited degree. At 0.55 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 TTC?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.48 over the last year and 0.57 over 5 years.
Is TTC a good diversifier for GGZ?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ggz-vs-ttc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggz-vs-ttc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GGZ correlations · TTC correlations
