CLM vs EOS: Correlation
Cornerstone Strategic Investment Fund, Inc. (CLM) and Eaton Vance Enhance Equity Income Fund II (EOS) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLM and EOS?
Across a 3-year window, the weekly returns of CLM and EOS correlate at 0.68, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 258.1 %².
In CLM's tracked universe of 10 assets, EOS sits right near the top at #2. Their 12-month results are close: -1.4% for CLM against -1.9% for EOS.
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.
CLM vs EOS: side by side
| CLM (Cornerstone Strategic Investment Fund, Inc.) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | -1.4% | -1.9% |
| 5-year return | +31.9% | +30.9% |
| Volatility (ann.) | 19.8% | 19.2% |
| Beta vs S&P 500 | 0.86 | 1.17 |
| Max drawdown (3Y) | -23.9% | -24.3% |
| Market cap | $2.1B | $1.2B |
| P/E (trailing) | 6.1 | 7.2 |
| Dividend yield | 21.96% | 8.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLM | EOS |
|---|---|---|
| 2022 | -36.7% | -26.5% |
| 2023 | +17.5% | +22.6% |
| 2024 | +41.6% | +38.7% |
| 2025 | +18.5% | +5.8% |
| 2026 | -9.7% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLM and EOS good diversifiers for each other?
Only partially. A correlation of 0.68 means CLM and EOS 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 CLM and EOS?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.60 over the last year and 0.59 over 5 years.
Is EOS a good diversifier for CLM?
Only partially. A correlation of 0.68 means CLM and EOS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/clm-vs-eos.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clm-vs-eos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLM correlations · EOS correlations
