CCZ vs EOS: Correlation
Measured on weekly returns over the past three years, Comcast Holdings ZONES (CCZ) and Eaton Vance Enhance Equity Income Fund II (EOS) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCZ and EOS?
Across a 3-year window, the weekly returns of CCZ and EOS correlate at 0.31, moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.31). Stretching to 5 years gives 0.21, with an annualized covariance of 130.7 %².
Among the 10 assets we track against CCZ, EOS ranks #5 by 3-year correlation. Over the last 12 months CCZ came out ahead by 14.3 percentage points (+12.4% against -1.9%).
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.
CCZ vs EOS: side by side
| CCZ (Comcast Holdings ZONES) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | +12.4% | -1.9% |
| 5-year return | +24.7% | +30.9% |
| Volatility (ann.) | 21.9% | 19.2% |
| Beta vs S&P 500 | 0.35 | 1.17 |
| Max drawdown (3Y) | -16.3% | -24.3% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 7.2 |
| Dividend yield | – | 8.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCZ | EOS |
|---|---|---|
| 2022 | -8.9% | -26.5% |
| 2023 | +3.8% | +22.6% |
| 2024 | +10.6% | +38.7% |
| 2025 | +1.3% | +5.8% |
| 2026 | +12.3% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCZ and EOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCZ and EOS?
The CCZ/EOS correlation stands at 0.31 on a 3-year window (1 year: 0.07, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is EOS a good diversifier for CCZ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CCZ correlations · EOS correlations
