ARBE vs EOS: Correlation
How closely do Arbe Robotics Ltd. (ARBE) and Eaton Vance Enhance Equity Income Fund II (EOS) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBE and EOS?
On 3 years of weekly data the ARBE/EOS correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 719.0 %².
EOS is one of the assets that tracks ARBE most closely: it ranks #2 out of the 14 assets we track against ARBE. The last year tells two different stories: EOS led by 50.2 percentage points, -52.1% for ARBE against -1.9% for EOS. One caveat on sizing: ARBE is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARBE vs EOS: side by side
| ARBE (Arbe Robotics Ltd.) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | -52.1% | -1.9% |
| 5-year return | -93.4% | +30.9% |
| Volatility (ann.) | 87.7% | 19.2% |
| Beta vs S&P 500 | 2.41 | 1.17 |
| Max drawdown (3Y) | -86.1% | -24.3% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | 7.2 |
| Dividend yield | 0.00% | 8.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBE | EOS |
|---|---|---|
| 2022 | -63.3% | -26.5% |
| 2023 | -36.1% | +22.6% |
| 2024 | -14.7% | +38.7% |
| 2025 | -36.6% | +5.8% |
| 2026 | -43.6% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBE and EOS good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARBE and EOS?
As of 2026-08-27, the correlation of weekly returns between ARBE and EOS is 0.43 over 3 years, 0.41 over 1 year and 0.28 over 5 years.
Is EOS a good diversifier for ARBE?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/arbe-vs-eos.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arbe-vs-eos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARBE correlations · EOS correlations
