GLU vs ZTR: Correlation
Gabelli Global Utility (GLU) and Virtus Total Return Fund Inc. (ZTR) 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 ZTR?
Over the past 3 years, GLU and ZTR moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 139.8 %².
Among the 12 assets we track against GLU, ZTR ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +15.5% for GLU and +18.0% for ZTR.
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 ZTR: side by side
| GLU (Gabelli Global Utility) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +15.5% | +18.0% |
| 5-year return | +33.9% | +27.0% |
| Volatility (ann.) | 16.8% | 14.0% |
| Beta vs S&P 500 | 0.45 | 0.40 |
| Max drawdown (3Y) | -17.9% | -18.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | 3.9 | 5.7 |
| Dividend yield | 6.22% | 8.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLU | ZTR |
|---|---|---|
| 2022 | -28.1% | -21.3% |
| 2023 | +2.1% | -3.2% |
| 2024 | +23.6% | +18.3% |
| 2025 | +37.9% | +18.6% |
| 2026 | +5.0% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLU and ZTR good diversifiers for each other?
Only partially. A correlation of 0.59 means GLU and ZTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GLU and ZTR?
The GLU/ZTR correlation stands at 0.59 on a 3-year window (1 year: 0.51, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is ZTR a good diversifier for GLU?
Only partially. A correlation of 0.59 means GLU and ZTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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-ztr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glu-vs-ztr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLU correlations · ZTR correlations
