AOD vs BOE: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and Blackrock Enhanced Global Dividend Trust (BOE) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and BOE?
On 3 years of weekly data the AOD/BOE correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.88, and annualized covariance runs at 178.7 %².
BOE is one of the assets that tracks AOD most closely: it ranks #3 out of the 26 assets we track against AOD. On 12-month performance AOD holds a 14.1-point edge, +31.8% against +17.7%.
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.
AOD vs BOE: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | BOE (Blackrock Enhanced Global Dividend Trust) | |
|---|---|---|
| 1-year return | +31.8% | +17.7% |
| 5-year return | +70.1% | +46.4% |
| Volatility (ann.) | 15.4% | 13.8% |
| Beta vs S&P 500 | 0.81 | 0.79 |
| Max drawdown (3Y) | -16.7% | -14.5% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | 6.8 |
| Dividend yield | 5.46% | 7.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | BOE |
|---|---|---|
| 2022 | -17.1% | -15.5% |
| 2023 | +12.7% | +12.0% |
| 2024 | +16.1% | +16.8% |
| 2025 | +32.1% | +18.8% |
| 2026 | +18.1% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and BOE good diversifiers for each other?
No. With a correlation of 0.84, AOD and BOE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AOD and BOE?
As of 2026-08-27, the correlation of weekly returns between AOD and BOE is 0.84 over 3 years, 0.82 over 1 year and 0.88 over 5 years.
Is BOE a good diversifier for AOD?
No. With a correlation of 0.84, AOD and BOE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-boe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-boe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOD correlations · BOE correlations
