GUT vs. GDV

Last updated Jun 23, 2026

GUT (The Gabelli Utility Trust) and GDV (The Gabelli Dividend and Income Trust) are both mutual funds - GUT is a Utilities Equities fund managed by Gabelli Funds, while GDV is a Dividend fund managed by Gabelli Funds. Over the past 10 years, GUT returned 9.31%/yr vs 11.10%/yr for GDV. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.01% expense ratio.

Performance

GUT vs. GDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gabelli Utility Trust (GUT) and The Gabelli Dividend and Income Trust (GDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUT achieves a 10.55% return, which is significantly higher than GDV's 7.65% return. Over the past 10 years, GUT has underperformed GDV with an annualized return of 9.31%, while GDV has yielded a comparatively higher 11.10% annualized return.

GUT

• 1D: 0.63%
• 1M: 2.57%
• YTD: 10.55%
• 6M: 10.19%
• 1Y: 23.55%
• 3Y*: 8.72%
• 5Y*: 5.74%
• 10Y*: 9.31%

GDV

• 1D: 0.00%
• 1M: 0.14%
• YTD: 7.65%
• 6M: 8.43%
• 1Y: 24.32%
• 3Y*: 19.36%
• 5Y*: 8.70%
• 10Y*: 11.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GUT vs. GDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GUT The Gabelli Utility Trust	10.55%	33.14%	6.01%	-21.07%	-1.10%	9.51%	13.19%	42.32%	-7.87%	22.98%
GDV The Gabelli Dividend and Income Trust	7.65%	22.83%	18.14%	11.93%	-18.61%	32.83%	4.89%	27.73%	-17.13%	24.19%

Correlation

The correlation between GUT and GDV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 25, 2003	0.26

Return for Risk

GUT vs. GDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUT

GUT Risk / Return Rank: 56
GUT Sharpe Ratio Rank: 36
GUT Sortino Ratio Rank: 35
GUT Omega Ratio Rank: 35
GUT Calmar Ratio Rank: 90
GUT Martin Ratio Rank: 84

GDV

GDV Risk / Return Rank: 55
GDV Sharpe Ratio Rank: 58
GDV Sortino Ratio Rank: 54
GDV Omega Ratio Rank: 58
GDV Calmar Ratio Rank: 47
GDV Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GUT vs. GDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gabelli Utility Trust (GUT) and The Gabelli Dividend and Income Trust (GDV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GUT	GDV	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.07	-0.46
Sortino ratio: Return per unit of downside risk	2.27	2.84	-0.57
Omega ratio: Gain probability vs. loss probability	1.29	1.38	-0.09
Calmar ratio: Return relative to maximum drawdown	4.38	2.50	+1.87
Martin ratio: Return relative to average drawdown	14.52	10.69	+3.83

GUT vs. GDV - Sharpe Ratio Comparison

The current GUT Sharpe Ratio is 1.61, which is comparable to the GDV Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of GUT and GDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GUT vs. GDV - Drawdown Comparison

The maximum GUT drawdown since its inception was -52.79%, smaller than the maximum GDV drawdown of -68.88%. Use the drawdown chart below to compare losses from any high point for GUT and GDV.

Drawdown Indicators

	GUT	GDV	Difference
Max Drawdown Largest peak-to-trough decline	-52.79%	-68.88%	+16.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.40%	-9.75%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-30.63%	-16.07%	-14.56%
Max Drawdown (5Y) Largest decline over 5 years	-33.94%	-28.33%	-5.61%
Max Drawdown (10Y) Largest decline over 10 years	-42.21%	-53.09%	+10.88%
Current Drawdown Current decline from peak	0.00%	-1.13%	+1.13%
Average Drawdown Average peak-to-trough decline	-8.50%	-9.28%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.28%	-0.65%

Volatility

GUT vs. GDV - Volatility Comparison

The Gabelli Utility Trust (GUT) has a higher volatility of 3.68% compared to The Gabelli Dividend and Income Trust (GDV) at 3.27%. This indicates that GUT's price experiences larger fluctuations and is considered to be riskier than GDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GUT	GDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	3.27%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	9.02%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	11.85%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.44%	16.86%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.79%	21.67%	+2.12%

GUT vs. GDV - Expense Ratio Comparison

Both GUT and GDV have an expense ratio of 0.01%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

GUT vs. GDV - Dividend Comparison

GUT's dividend yield for the trailing twelve months is around 9.45%, more than GDV's 6.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDV The Gabelli Dividend and Income Trust	6.01%	6.05%	5.47%	6.10%	6.84%	5.11%	6.15%	6.01%	7.21%	5.64%	6.59%	6.72%
GUT The Gabelli Utility Trust	9.45%	9.95%	11.73%	11.07%	7.99%	7.28%	7.39%	7.72%	10.10%	8.45%	9.52%	10.53%

Frequently Asked Questions

Can I hold both GUT and GDV in my portfolio?

GUT and GDV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GUT or GDV?

GUT has higher volatility (3.68%) compared to GDV (3.27%). In terms of maximum drawdown, GUT dropped -52.79% vs GDV's -68.88%.

Which has better risk-adjusted returns?

GDV currently has the higher Sharpe Ratio (2.07 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.