GUT vs NEUP: Correlation
Gabelli Utility Trust (The) (GUT) and Neuphoria Therapeutics Inc. (NEUP) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GUT and NEUP?
Across a 3-year window, the weekly returns of GUT and NEUP correlate at -0.32, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.32). Stretching to 5 years gives -0.23, with an annualized covariance of -1083.0 %².
Out of 14 assets tracked against GUT, NEUP lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months GUT outperformed by 81.6 percentage points (+18.5% for GUT against -63.1% for NEUP). Note the risk asymmetry: NEUP runs 7.2 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 NEUP: side by side
| GUT (Gabelli Utility Trust (The)) | NEUP (Neuphoria Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +18.5% | -63.1% |
| 5-year return | +29.5% | -97.9% |
| Volatility (ann.) | 21.5% | 155.4% |
| Beta vs S&P 500 | 0.37 | 1.23 |
| Max drawdown (3Y) | -28.7% | -95.7% |
| Market cap | – | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 9.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GUT | NEUP |
|---|---|---|
| 2022 | -1.1% | -62.9% |
| 2023 | -21.1% | -68.2% |
| 2024 | +6.0% | -80.7% |
| 2025 | +33.1% | +13.1% |
| 2026 | +13.7% | -2.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GUT and NEUP good diversifiers for each other?
Yes. With a correlation of -0.32, GUT and NEUP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GUT and NEUP?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.00 over the last year and -0.23 over 5 years.
Is NEUP a good diversifier for GUT?
Yes. With a correlation of -0.32, GUT and NEUP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gut-vs-neup.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gut-vs-neup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GUT correlations · NEUP correlations
