GLU vs PAC: Correlation
Gabelli Global Utility (GLU) and Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo (PAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLU and PAC?
Across a 3-year window, the weekly returns of GLU and PAC correlate at 0.50, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.50). Stretching to 5 years gives 0.42, with an annualized covariance of 331.2 %².
By 3-year correlation, PAC places #7 of the 12 assets tracked against GLU. Their recent paths diverged sharply: over the last 12 months GLU outperformed by 27.1 percentage points (+15.5% for GLU against -11.6% for PAC). One caveat on sizing: PAC is 2.3 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.
GLU vs PAC: side by side
| GLU (Gabelli Global Utility) | PAC (Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo) | |
|---|---|---|
| 1-year return | +15.5% | -11.6% |
| 5-year return | +33.9% | +135.8% |
| Volatility (ann.) | 16.8% | 39.2% |
| Beta vs S&P 500 | 0.45 | 1.01 |
| Max drawdown (3Y) | -17.9% | -42.8% |
| Market cap | – | $12.8B |
| P/E (trailing) | 3.9 | 19.7 |
| Dividend yield | 6.22% | 9.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLU | PAC |
|---|---|---|
| 2022 | -28.1% | +9.8% |
| 2023 | +2.1% | +28.6% |
| 2024 | +23.6% | +4.2% |
| 2025 | +37.9% | +56.3% |
| 2026 | +5.0% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLU and PAC good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLU and PAC?
The GLU/PAC correlation stands at 0.50 on a 3-year window (1 year: 0.20, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is PAC a good diversifier for GLU?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: GLU correlations · PAC correlations
