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GDL correlations (GDL Fund, The)

Every correlation that matters for GDL: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

6.0%

3y weekly

Beta vs S&P 500

0.20

3y weekly

1-year return

+4.4%

price, adjusted

5-year return

+23.0%

price, adjusted

P/E ratio

12.0

trailing

Max drawdown

-6.0%

3y, daily closes

GDL over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with GDL

Asset		Correlation (3Y)
NFJ	Virtus Dividend, Interest & Premium Strategy Fund	0.58
BOE	Blackrock Enhanced Global Dividend Trust	0.58
IAF	abrdn Australia Equity Fund, Inc.	0.57
EVT	Eaton Vance Tax Advantaged Dividend Income Fund	0.56
WDI	Western Asset Diversified Income Fund	0.56

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from GDL.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.43
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.39
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.33

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/gdl.json

Correlations, diversifiers, beta and volatility for GDL, plus one endpoint per pair. API documentation.