BDJ vs EVT: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Equity Dividend Trust (BDJ) and Eaton Vance Tax Advantaged Dividend Income Fund (EVT) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and EVT?
Over the past 3 years, BDJ and EVT moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 196.7 %².
EVT is one of the assets that tracks BDJ most closely: it ranks #1 out of the 16 assets we track against BDJ. The trailing year gives EVT the advantage: +19.0% versus +28.8%, a 9.8-point spread.
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.
BDJ vs EVT: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | +19.0% | +28.8% |
| 5-year return | +53.5% | +51.3% |
| Volatility (ann.) | 15.1% | 15.3% |
| Beta vs S&P 500 | 0.72 | 0.85 |
| Max drawdown (3Y) | -14.4% | -18.7% |
| Market cap | $1.7B | $2.2B |
| P/E (trailing) | 6.2 | 4.5 |
| Dividend yield | 7.57% | 6.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDJ | EVT |
|---|---|---|
| 2022 | -1.7% | -17.3% |
| 2023 | -6.7% | +5.8% |
| 2024 | +16.8% | +17.4% |
| 2025 | +26.1% | +13.8% |
| 2026 | +8.9% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and EVT good diversifiers for each other?
No: a correlation of 0.85 means BDJ and EVT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BDJ and EVT?
As of 2026-08-27, the correlation of weekly returns between BDJ and EVT is 0.85 over 3 years, 0.86 over 1 year and 0.83 over 5 years.
Is EVT a good diversifier for BDJ?
No: a correlation of 0.85 means BDJ and EVT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/bdj-vs-evt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdj-vs-evt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDJ correlations · EVT correlations
