ARDC vs EVF: Correlation
Ares Dynamic Credit Allocation Fund, Inc. (ARDC) and Eaton Vance Senior Income Trust (EVF) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDC and EVF?
On 3 years of weekly data the ARDC/EVF correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 80.9 %².
By 3-year correlation, EVF places #5 of the 12 assets tracked against ARDC. Twelve-month performance is nearly a tie, at -6.2% for ARDC and -3.0% for EVF.
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.
ARDC vs EVF: side by side
| ARDC (Ares Dynamic Credit Allocation Fund, Inc.) | EVF (Eaton Vance Senior Income Trust) | |
|---|---|---|
| 1-year return | -6.2% | -3.0% |
| 5-year return | +23.0% | +15.0% |
| Volatility (ann.) | 12.3% | 10.2% |
| Beta vs S&P 500 | 0.49 | 0.41 |
| Max drawdown (3Y) | -19.8% | -16.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 12.8 | 24.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDC | EVF |
|---|---|---|
| 2022 | -22.2% | -14.8% |
| 2023 | +32.4% | +34.5% |
| 2024 | +21.1% | +7.3% |
| 2025 | -3.1% | -6.1% |
| 2026 | -0.8% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDC and EVF good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARDC and EVF?
The ARDC/EVF correlation stands at 0.64 on a 3-year window (1 year: 0.62, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is EVF a good diversifier for ARDC?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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/ardc-vs-evf.json
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[](https://www.pairbook.io/pair/ardc-vs-evf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARDC correlations · EVF correlations
