BEN vs EVT: Correlation
Measured on weekly returns over the past three years, Franklin Resources (BEN) and Eaton Vance Tax Advantaged Dividend Income Fund (EVT) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and EVT?
Over the past 3 years, BEN and EVT moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 257.1 %².
Within BEN's tracked universe of 28 assets, EVT comes in at #10 by 3-year correlation. Over the last 12 months BEN came out ahead by 14.2 percentage points (+43.0% against +28.8%). One caveat on sizing: BEN is 1.8 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.
BEN vs EVT: side by side
| BEN (Franklin Resources) | EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | +43.0% | +28.8% |
| 5-year return | +37.6% | +51.3% |
| Volatility (ann.) | 27.9% | 15.3% |
| Beta vs S&P 500 | 1.01 | 0.85 |
| Max drawdown (3Y) | -40.0% | -18.7% |
| Market cap | $17.7B | $2.2B |
| P/E (trailing) | 23.8 | 4.5 |
| Dividend yield | 3.74% | 6.80% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | EVT |
|---|---|---|
| 2022 | -17.5% | -17.3% |
| 2023 | +17.0% | +5.8% |
| 2024 | -27.2% | +17.4% |
| 2025 | +24.8% | +13.8% |
| 2026 | +49.4% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and EVT good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BEN and EVT?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.57 over the last year and 0.62 over 5 years.
Is EVT a good diversifier for BEN?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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/ben-vs-evt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-evt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEN correlations · EVT correlations
