AMZN vs EOS: Correlation
How closely do Amazon (AMZN) and Eaton Vance Enhance Equity Income Fund II (EOS) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and EOS?
Across a 3-year window, the weekly returns of AMZN and EOS correlate at 0.66, strong. The link has loosened recently: the 1-year correlation (0.53) runs below the 3-year figure (0.66). Stretching to 5 years gives 0.68, with an annualized covariance of 395.2 %².
By 3-year correlation, EOS places #11 of the 38 assets tracked against AMZN. The trailing year gives AMZN the advantage: +11.8% versus -1.9%, a 13.7-point spread. Risk is not evenly split, since AMZN carries 1.6 times the volatility of the other side.
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.
AMZN vs EOS: side by side
| AMZN (Amazon) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | +11.8% | -1.9% |
| 5-year return | +49.8% | +30.9% |
| Volatility (ann.) | 31.0% | 19.2% |
| Beta vs S&P 500 | 1.48 | 1.17 |
| Max drawdown (3Y) | -30.9% | -24.3% |
| Market cap | $2,764.1B | $1.2B |
| P/E (trailing) | 20.9 | 7.2 |
| Dividend yield | 0.00% | 8.51% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | AMZN | EOS |
|---|---|---|
| 2022 | -49.6% | -26.5% |
| 2023 | +80.9% | +22.6% |
| 2024 | +44.4% | +38.7% |
| 2025 | +5.2% | +5.8% |
| 2026 | +11.0% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and EOS good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMZN and EOS?
The AMZN/EOS correlation stands at 0.66 on a 3-year window (1 year: 0.53, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is EOS a good diversifier for AMZN?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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/amzn-vs-eos.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amzn-vs-eos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · EOS correlations
