BUR vs ETY: Correlation
Measured on weekly returns over the past three years, Burford Capital Limited (BUR) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and ETY?
Over the past 3 years, BUR and ETY moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 335.7 %².
Few assets follow BUR as closely as ETY, which ranks #3 of 15 tracked partners. The last year tells two different stories: ETY led by 67.8 percentage points, -68.2% for BUR against -0.4% for ETY. Risk is not evenly split, since BUR carries 3.0 times the volatility of the other side.
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 ETY: side by side
| BUR (Burford Capital Limited) | ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund) | |
|---|---|---|
| 1-year return | -68.2% | -0.4% |
| 5-year return | -62.0% | +51.2% |
| Volatility (ann.) | 46.5% | 15.4% |
| Beta vs S&P 500 | 1.40 | 0.97 |
| Max drawdown (3Y) | -75.5% | -21.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | 5.2 |
| Dividend yield | 1.45% | 8.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | ETY |
|---|---|---|
| 2022 | -21.6% | -21.2% |
| 2023 | +93.3% | +21.9% |
| 2024 | -17.5% | +33.1% |
| 2025 | -29.7% | +11.0% |
| 2026 | -50.9% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and ETY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BUR and ETY?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.38 over 5 years.
Is ETY a good diversifier for BUR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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-ety.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bur-vs-ety/)
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Related comparisons
Hubs: BUR correlations · ETY correlations
