BLW vs EVV: Correlation
Blackrock Limited Duration Income Trust (BLW) and Eaton Vance Limited Duration Income Fund (EVV) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLW and EVV?
On 3 years of weekly data the BLW/EVV correlation comes out at 0.76, strong. The relationship has been stable: the 1-year correlation (0.72) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 76.0 %².
EVV is one of the assets that tracks BLW most closely: it ranks #3 out of the 17 assets we track against BLW. Neither side won the trailing year by much: -0.2% against -3.5%.
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.
BLW vs EVV: side by side
| BLW (Blackrock Limited Duration Income Trust) | EVV (Eaton Vance Limited Duration Income Fund) | |
|---|---|---|
| 1-year return | -0.2% | -3.5% |
| 5-year return | +16.7% | +11.4% |
| Volatility (ann.) | 9.8% | 10.2% |
| Beta vs S&P 500 | 0.38 | 0.41 |
| Max drawdown (3Y) | -11.2% | -9.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | 10.4 | 14.7 |
| Dividend yield | 10.69% | 9.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLW | EVV |
|---|---|---|
| 2022 | -15.9% | -19.9% |
| 2023 | +17.3% | +13.3% |
| 2024 | +11.1% | +12.2% |
| 2025 | +7.1% | +10.7% |
| 2026 | -0.8% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLW and EVV good diversifiers for each other?
Only partially. A correlation of 0.76 means BLW and EVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BLW and EVV?
The BLW/EVV correlation stands at 0.76 on a 3-year window (1 year: 0.72, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is EVV a good diversifier for BLW?
Only partially. A correlation of 0.76 means BLW and EVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/blw-vs-evv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blw-vs-evv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLW correlations · EVV correlations
