GGZ vs VBNK: Correlation
Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) and VersaBank (VBNK) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGZ and VBNK?
Over the past 3 years, GGZ and VBNK moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 322.6 %².
By 3-year correlation, VBNK places #37 of the 44 assets tracked against GGZ. The last year tells two different stories: VBNK led by 61.9 percentage points, +21.2% for GGZ against +83.1% for VBNK. Risk is not evenly split, since VBNK carries 2.3 times the volatility of the other side.
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 VBNK: side by side
| GGZ (Gabelli Global Small and Mid Cap Value Trust (The)) | VBNK (VersaBank) | |
|---|---|---|
| 1-year return | +21.2% | +83.1% |
| 5-year return | +37.8% | +102.0% |
| Volatility (ann.) | 17.8% | 40.6% |
| Beta vs S&P 500 | 0.90 | 0.80 |
| Max drawdown (3Y) | -17.8% | -50.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | 5.6 | 30.1 |
| Dividend yield | 0.00% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GGZ | VBNK |
|---|---|---|
| 2022 | -25.5% | -36.2% |
| 2023 | +10.7% | +47.0% |
| 2024 | +5.2% | +27.3% |
| 2025 | +34.9% | +8.8% |
| 2026 | +13.5% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGZ and VBNK good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GGZ and VBNK?
The GGZ/VBNK correlation stands at 0.45 on a 3-year window (1 year: 0.51, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VBNK a good diversifier for GGZ?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-vbnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggz-vs-vbnk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GGZ correlations · VBNK correlations
