BUR vs EFT: Correlation
How closely do Burford Capital Limited (BUR) and Eaton Vance Floating Rate Income Trust (EFT) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and EFT?
Across a 3-year window, the weekly returns of BUR and EFT correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.46 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 235.6 %².
Among the 15 assets we track against BUR, EFT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EFT ahead by 63.4 points (-68.2% versus -4.8%). Note the risk asymmetry: BUR runs 4.3 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.
BUR vs EFT: side by side
| BUR (Burford Capital Limited) | EFT (Eaton Vance Floating Rate Income Trust) | |
|---|---|---|
| 1-year return | -68.2% | -4.8% |
| 5-year return | -62.0% | +13.9% |
| Volatility (ann.) | 46.5% | 10.9% |
| Beta vs S&P 500 | 1.40 | 0.49 |
| Max drawdown (3Y) | -75.5% | -17.5% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 42.4 |
| Dividend yield | 1.45% | 9.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | EFT |
|---|---|---|
| 2022 | -21.6% | -19.7% |
| 2023 | +93.3% | +27.1% |
| 2024 | -17.5% | +13.2% |
| 2025 | -29.7% | -3.8% |
| 2026 | -50.9% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and EFT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BUR and EFT?
As of 2026-08-27, the correlation of weekly returns between BUR and EFT is 0.46 over 3 years, 0.69 over 1 year and 0.39 over 5 years.
Is EFT a good diversifier for BUR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/bur-vs-eft.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bur-vs-eft/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUR correlations · EFT correlations
