AUDC vs EOS: Correlation
Measured on weekly returns over the past three years, AudioCodes Ltd. (AUDC) and Eaton Vance Enhance Equity Income Fund II (EOS) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and EOS?
Over the past 3 years, AUDC and EOS moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 406.9 %².
By 3-year correlation, EOS places #4 of the 12 assets tracked against AUDC. Their recent paths diverged sharply: over the last 12 months AUDC outperformed by 15.8 percentage points (+13.9% for AUDC against -1.9% for EOS). One caveat on sizing: AUDC is 2.4 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.
AUDC vs EOS: side by side
| AUDC (AudioCodes Ltd.) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | +13.9% | -1.9% |
| 5-year return | -62.9% | +30.9% |
| Volatility (ann.) | 45.8% | 19.2% |
| Beta vs S&P 500 | 1.24 | 1.17 |
| Max drawdown (3Y) | -46.4% | -24.3% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | 40.9 | 7.2 |
| Dividend yield | 3.98% | 8.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUDC | EOS |
|---|---|---|
| 2022 | -47.8% | -26.5% |
| 2023 | -30.7% | +22.6% |
| 2024 | -16.8% | +38.7% |
| 2025 | -7.1% | +5.8% |
| 2026 | +22.9% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and EOS good diversifiers for each other?
Reasonably. At 0.46, AUDC and EOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUDC and EOS?
The AUDC/EOS correlation stands at 0.46 on a 3-year window (1 year: 0.25, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is EOS a good diversifier for AUDC?
Reasonably. At 0.46, AUDC and EOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/audc-vs-eos/)
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Related comparisons
Hubs: AUDC correlations · EOS correlations
