CMCSA vs EVT: Correlation
Comcast (CMCSA) and Eaton Vance Tax Advantaged Dividend Income Fund (EVT) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCSA and EVT?
On 3 years of weekly data the CMCSA/EVT correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.46). The 5-year figure is 0.49, and annualized covariance runs at 167.8 %².
Among the 39 assets we track against CMCSA, EVT ranks #12 by 3-year correlation. The last year tells two different stories: EVT led by 41.4 percentage points, -12.6% for CMCSA against +28.8% for EVT. One caveat on sizing: CMCSA is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CMCSA vs EVT: side by side
| CMCSA (Comcast) | EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | |
|---|---|---|
| 1-year return | -12.6% | +28.8% |
| 5-year return | -44.5% | +51.3% |
| Volatility (ann.) | 23.8% | 15.3% |
| Beta vs S&P 500 | 0.48 | 0.85 |
| Max drawdown (3Y) | -44.9% | -18.7% |
| Market cap | $93.7B | $2.2B |
| P/E (trailing) | 8.7 | 4.5 |
| Dividend yield | 4.85% | 6.80% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CMCSA | EVT |
|---|---|---|
| 2022 | -28.7% | -17.3% |
| 2023 | +29.1% | +5.8% |
| 2024 | -11.8% | +17.4% |
| 2025 | -17.3% | +13.8% |
| 2026 | -2.2% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCSA and EVT good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMCSA and EVT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.33 over the last year and 0.49 over 5 years.
Is EVT a good diversifier for CMCSA?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmcsa-vs-evt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmcsa-vs-evt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMCSA correlations · EVT correlations
