GNT vs RGLD: Correlation
GAMCO Natural Resources, Gold & Income Trust (GNT) and Royal Gold, Inc. (RGLD) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNT and RGLD?
Across a 3-year window, the weekly returns of GNT and RGLD correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 531.5 %².
RGLD is one of the assets that tracks GNT most closely: it ranks #3 out of the 11 assets we track against GNT. Twelve-month performance is nearly a tie, at +51.1% for GNT and +53.3% for RGLD. Risk is not evenly split, since RGLD carries 1.7 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.
GNT vs RGLD: side by side
| GNT (GAMCO Natural Resources, Gold & Income Trust) | RGLD (Royal Gold, Inc.) | |
|---|---|---|
| 1-year return | +51.1% | +53.3% |
| 5-year return | +152.2% | +156.8% |
| Volatility (ann.) | 21.0% | 35.8% |
| Beta vs S&P 500 | 0.40 | 0.64 |
| Max drawdown (3Y) | -15.7% | -38.2% |
| Market cap | $0.2B | $22.8B |
| P/E (trailing) | 3.2 | 29.5 |
| Dividend yield | 0.00% | 0.36% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNT | RGLD |
|---|---|---|
| 2022 | +2.8% | +8.5% |
| 2023 | +7.8% | +8.7% |
| 2024 | +10.5% | +10.4% |
| 2025 | +52.4% | +70.4% |
| 2026 | +32.1% | +21.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNT and RGLD good diversifiers for each other?
Only partially. A correlation of 0.71 means GNT and RGLD 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 GNT and RGLD?
As of 2026-08-27, the correlation of weekly returns between GNT and RGLD is 0.71 over 3 years, 0.76 over 1 year and 0.65 over 5 years.
Is RGLD a good diversifier for GNT?
Only partially. A correlation of 0.71 means GNT and RGLD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gnt-vs-rgld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gnt-vs-rgld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNT correlations · RGLD correlations
