AWRE vs BOE: Correlation
Aware, Inc. (AWRE) and Blackrock Enhanced Global Dividend Trust (BOE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWRE and BOE?
Over the past 3 years, AWRE and BOE moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 371.4 %².
By 3-year correlation, BOE places #4 of the 11 assets tracked against AWRE. The last year tells two different stories: BOE led by 62.5 percentage points, -44.8% for AWRE against +17.7% for BOE. Note the risk asymmetry: AWRE runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AWRE vs BOE: side by side
| AWRE (Aware, Inc.) | BOE (Blackrock Enhanced Global Dividend Trust) | |
|---|---|---|
| 1-year return | -44.8% | +17.7% |
| 5-year return | -69.6% | +46.4% |
| Volatility (ann.) | 65.6% | 13.8% |
| Beta vs S&P 500 | 1.56 | 0.79 |
| Max drawdown (3Y) | -62.9% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | – | 6.8 |
| Dividend yield | 0.00% | 7.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWRE | BOE |
|---|---|---|
| 2022 | -45.7% | -15.5% |
| 2023 | -2.9% | +12.0% |
| 2024 | +17.5% | +16.8% |
| 2025 | -5.1% | +18.8% |
| 2026 | -33.5% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWRE and BOE good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AWRE and BOE?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.41 over the last year and 0.39 over 5 years.
Is BOE a good diversifier for AWRE?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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
$ curl https://www.pairbook.io/api/v1/pairs/awre-vs-boe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awre-vs-boe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWRE correlations · BOE correlations
