BIPC vs EVT: Correlation
How closely do Brookfield Infrastructure Corporation (BIPC) and Eaton Vance Tax Advantaged Dividend Income Fund (EVT) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and EVT?
Across a 3-year window, the weekly returns of BIPC and EVT correlate at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.59). Stretching to 5 years gives 0.50, with an annualized covariance of 276.2 %².
By 3-year correlation, EVT places #4 of the 12 assets tracked against BIPC. The last year tells two different stories: EVT led by 27.6 percentage points, +1.2% for BIPC against +28.8% for EVT. Note the risk asymmetry: BIPC runs 2.0 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.
BIPC vs EVT: side by side
| BIPC (Brookfield Infrastructure Corporation) | EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | +1.2% | +28.8% |
| 5-year return | +13.3% | +51.3% |
| Volatility (ann.) | 30.4% | 15.3% |
| Beta vs S&P 500 | 0.95 | 0.85 |
| Max drawdown (3Y) | -33.7% | -18.7% |
| Market cap | $4.8B | $2.2B |
| P/E (trailing) | – | 4.5 |
| Dividend yield | 4.47% | 6.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIPC | EVT |
|---|---|---|
| 2022 | -11.9% | -17.3% |
| 2023 | -5.7% | +5.8% |
| 2024 | +18.4% | +17.4% |
| 2025 | +18.3% | +13.8% |
| 2026 | -11.5% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and EVT good diversifiers for each other?
To a limited degree. At 0.59 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 BIPC and EVT?
The BIPC/EVT correlation stands at 0.59 on a 3-year window (1 year: 0.32, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is EVT a good diversifier for BIPC?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/bipc-vs-evt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bipc-vs-evt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BIPC correlations · EVT correlations
