GUT vs IMVT: Correlation
How closely do Gabelli Utility Trust (The) (GUT) and Immunovant, Inc. (IMVT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GUT and IMVT?
On 3 years of weekly data the GUT/IMVT correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus -0.25 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -379.5 %².
Among the 14 assets we track against GUT, IMVT sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months IMVT outperformed by 170.2 percentage points (+18.5% for GUT against +188.7% for IMVT). Note the risk asymmetry: IMVT runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GUT vs IMVT: side by side
| GUT (Gabelli Utility Trust (The)) | IMVT (Immunovant, Inc.) | |
|---|---|---|
| 1-year return | +18.5% | +188.7% |
| 5-year return | +29.5% | +424.8% |
| Volatility (ann.) | 21.5% | 71.0% |
| Beta vs S&P 500 | 0.37 | 0.89 |
| Max drawdown (3Y) | -28.7% | -69.9% |
| Market cap | – | $9.1B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 9.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GUT | IMVT |
|---|---|---|
| 2022 | -1.1% | +108.3% |
| 2023 | -21.1% | +137.4% |
| 2024 | +6.0% | -41.2% |
| 2025 | +33.1% | +2.6% |
| 2026 | +13.7% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GUT and IMVT good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GUT and IMVT?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with 0.25 over the last year and -0.09 over 5 years.
Is IMVT a good diversifier for GUT?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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: GUT correlations · IMVT correlations
