BGY vs EXG: Correlation
Blackrock Enhanced International Dividend Trust (BGY) and Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGY and EXG?
Across a 3-year window, the weekly returns of BGY and EXG correlate at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Stretching to 5 years gives 0.80, with an annualized covariance of 197.0 %².
By 3-year correlation, EXG places #5 of the 13 assets tracked against BGY. On 12-month performance EXG holds a 10.1-point edge, +11.9% against +22.0%.
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.
BGY vs EXG: side by side
| BGY (Blackrock Enhanced International Dividend Trust) | EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | |
|---|---|---|
| 1-year return | +11.9% | +22.0% |
| 5-year return | +38.4% | +45.8% |
| Volatility (ann.) | 15.7% | 15.0% |
| Beta vs S&P 500 | 0.77 | 0.91 |
| Max drawdown (3Y) | -15.5% | -15.1% |
| Market cap | $0.5B | – |
| P/E (trailing) | 6.6 | 4.5 |
| Dividend yield | 8.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGY | EXG |
|---|---|---|
| 2022 | -13.6% | -22.2% |
| 2023 | +13.4% | +11.4% |
| 2024 | +8.7% | +16.1% |
| 2025 | +21.3% | +27.8% |
| 2026 | +6.4% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGY and EXG good diversifiers for each other?
No. With a correlation of 0.83, BGY and EXG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BGY and EXG?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.87 over the last year and 0.80 over 5 years.
Is EXG a good diversifier for BGY?
No. With a correlation of 0.83, BGY and EXG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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/bgy-vs-exg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgy-vs-exg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGY correlations · EXG correlations
