GLU vs NLY: Correlation
Gabelli Global Utility (GLU) and Annaly Capital Management Inc. (NLY) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLU and NLY?
Over the past 3 years, GLU and NLY moved with a correlation of 0.59, which is moderate. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.59). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 228.4 %².
Among the 12 assets we track against GLU, NLY ranks #4 by 3-year correlation. On 12-month performance NLY holds a 9.9-point edge, +15.5% against +25.4%.
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.
GLU vs NLY: side by side
| GLU (Gabelli Global Utility) | NLY (Annaly Capital Management Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +25.4% |
| 5-year return | +33.9% | +30.4% |
| Volatility (ann.) | 16.8% | 22.9% |
| Beta vs S&P 500 | 0.45 | 0.81 |
| Max drawdown (3Y) | -17.9% | -26.3% |
| Market cap | – | $17.4B |
| P/E (trailing) | 3.9 | 5.6 |
| Dividend yield | 6.22% | 12.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLU | NLY |
|---|---|---|
| 2022 | -28.1% | -21.4% |
| 2023 | +2.1% | +4.9% |
| 2024 | +23.6% | +8.1% |
| 2025 | +37.9% | +40.0% |
| 2026 | +5.0% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLU and NLY good diversifiers for each other?
To a limited degree. At 0.59 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 GLU and NLY?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.47 over the last year and 0.57 over 5 years.
Is NLY a good diversifier for GLU?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/glu-vs-nly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glu-vs-nly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLU correlations · NLY correlations
