arXiv2026
The $GW$ approximation is the standard tool for quasiparticle predictions in materials, yet its regime of validity in correlated systems remains poorly quantified, because \textit{ab initio} vertex corrections are computationally prohibitive. Using exact diagonalization of the half-filled extended Hubbard model on finite rings as a numerically exact reference, we construct the corresponding model-space $GW$ theory on the identical Hilbert space and quantify its error as a function of local ($U$) and non-local ($V$) interaction strength. We find that the required vertex correction changes character across the phase diagram: in the weak-coupling regime the effective vertex $Γ_{\rm eff} < 1$, reflecting the suppression of RPA charge fluctuations by exact short-range correlations, whereas in the Mott regime $Γ_{\rm eff}$ grows monotonically (to $\sim 3$ at $U=8t$ for $N=6$), reflecting the local dynamical self-energy structure required to open the Hubbard gap. Vertex corrections in the electron-hole (polarizability) channel are shown to \emph{worsen} the gap error, indicating that reproducing the Mott gap requires dynamical self-energy structure rather than improved screening. For $V=0$, static COHSEX is accidentally exact at a single crossover $U^* \approx 3.5\,t$; finite $V$, through non-local Fock exchange, splits this point into a double-crossover window that collapses toward weak coupling. Even at the crossover, however, the exact spectral function retains Hubbard-band structure that no static functional reproduces, so gap agreement does not imply functional accuracy. These results yield quantitative diagnostics for the reliability of $GW$ in correlated materials.