BOE vs VEA: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Global Dividend Trust (BOE) and Vanguard FTSE Developed Markets ETF (VEA) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOE and VEA?
Across a 3-year window, the weekly returns of BOE and VEA correlate at 0.82, 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 0.84, with an annualized covariance of 170.0 %².
Within BOE's tracked universe of 27 assets, VEA comes in at #10 by 3-year correlation. The trailing year gives VEA the advantage: +17.7% versus +28.5%, a 10.8-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.
BOE vs VEA: side by side
| BOE (Blackrock Enhanced Global Dividend Trust) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +17.7% | +28.5% |
| 5-year return | +46.4% | +63.5% |
| Volatility (ann.) | 13.8% | 15.1% |
| Beta vs S&P 500 | 0.79 | 0.79 |
| Max drawdown (3Y) | -14.5% | -13.5% |
| Market cap | – | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.95% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | BOE | VEA |
|---|---|---|
| 2022 | -15.5% | -15.3% |
| 2023 | +12.0% | +17.9% |
| 2024 | +16.8% | +3.1% |
| 2025 | +18.8% | +35.2% |
| 2026 | +12.2% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOE and VEA good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BOE and VEA?
As of 2026-08-27, the correlation of weekly returns between BOE and VEA is 0.82 over 3 years, 0.87 over 1 year and 0.84 over 5 years.
Is VEA a good diversifier for BOE?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 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/boe-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boe-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOE correlations · VEA correlations
