GABELLI UTILITY TRUST (GUT) — Stock Correlations & Overview
Over the past year, GUT has moved most closely with GGT, FRA, ECAT. Explore the stocks most correlated and inversely correlated with GUT below, along with its price, financials, and company profile.
Stocks correlated with GUT
Correlation of daily returns. Higher positive values move with GUT; negative values move opposite it. Informational only, not investment advice.
Most correlated with GUT
| Symbol | Company | Correlation |
|---|---|---|
| GGT | THE GABELLI MULTIMEDIA TRUST INC. | 0.33 |
| FRA | Blackrock Floating Rate Income Strategies Fund, Inc. | 0.29 |
| ECAT | BlackRock ESG Capital Allocation Term Trust | 0.29 |
| BOE | BlackRock Enhanced Global Dividend Trust | 0.29 |
| EVV | Eaton Vance Limited Duration Income Fund | 0.29 |
Most inversely correlated with GUT
| Symbol | Company | Correlation |
|---|---|---|
| PSQH.WS | PSQ Holdings, Inc. Warrants, Each whole warrant exercisable for 1/15th of a share of Class A common stock at an exercise price of $172.50 per shareSERVICES-ADVERTISING | -0.28 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.25 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.23 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.23 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.23 |
Frequently asked questions about GUT correlations
- Which stocks are most correlated with GUT?
- Based on one year of daily returns, the stocks most correlated with GABELLI UTILITY TRUST (GUT) are GGT (0.33), FRA (0.29) and ECAT (0.29). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GUT?
- Over the past year, the stocks most inversely correlated with GABELLI UTILITY TRUST (GUT) are PSQH.WS (-0.28), SPDN (-0.25) and QQDN (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GUT correlations calculated?
- We compute the correlation of daily returns between GUT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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