GUT vs RAVE: Correlation
Gabelli Utility Trust (The) (GUT) and Rave Restaurant Group, Inc. (RAVE) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GUT and RAVE?
Over the past 3 years, GUT and RAVE moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.15 versus -0.22 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -237.3 %².
Out of 14 assets tracked against GUT, RAVE lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with GUT ahead by 22.5 points (+18.5% versus -4.0%). One caveat on sizing: RAVE 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.
GUT vs RAVE: side by side
| GUT (Gabelli Utility Trust (The)) | RAVE (Rave Restaurant Group, Inc.) | |
|---|---|---|
| 1-year return | +18.5% | -4.0% |
| 5-year return | +29.5% | +146.8% |
| Volatility (ann.) | 21.5% | 50.5% |
| Beta vs S&P 500 | 0.37 | 0.63 |
| Max drawdown (3Y) | -28.7% | -37.2% |
| Market cap | – | – |
| P/E (trailing) | 11.9 | 14.8 |
| Dividend yield | 9.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GUT | RAVE |
|---|---|---|
| 2022 | -1.1% | +56.4% |
| 2023 | -21.1% | +41.1% |
| 2024 | +6.0% | +15.7% |
| 2025 | +33.1% | +27.9% |
| 2026 | +13.7% | -5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GUT and RAVE good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between GUT and RAVE?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with 0.15 over the last year and -0.08 over 5 years.
Is RAVE a good diversifier for GUT?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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-rave.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gut-vs-rave/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GUT correlations · RAVE correlations
