AOD vs EXG: Correlation
Measured on weekly returns over the past three years, abrdn Total Dynamic Dividend Fund (AOD) and Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and EXG?
On 3 years of weekly data the AOD/EXG correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.84 over 3. The 5-year figure is 0.83, and annualized covariance runs at 195.5 %².
Among the 26 assets we track against AOD, EXG ranks #5 by 3-year correlation. Over the last 12 months AOD came out ahead by 9.8 percentage points (+31.8% against +22.0%).
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 EXG: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | |
|---|---|---|
| 1-year return | +31.8% | +22.0% |
| 5-year return | +70.1% | +45.8% |
| Volatility (ann.) | 15.4% | 15.0% |
| Beta vs S&P 500 | 0.81 | 0.91 |
| Max drawdown (3Y) | -16.7% | -15.1% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | 4.5 |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | EXG |
|---|---|---|
| 2022 | -17.1% | -22.2% |
| 2023 | +12.7% | +11.4% |
| 2024 | +16.1% | +16.1% |
| 2025 | +32.1% | +27.8% |
| 2026 | +18.1% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and EXG good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AOD and EXG?
The AOD/EXG correlation stands at 0.84 on a 3-year window (1 year: 0.79, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is EXG a good diversifier for AOD?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
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-exg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-exg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOD correlations · EXG correlations
