COTY vs EXG: Correlation
How closely do Coty Inc. (COTY) and Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COTY and EXG?
Over the past 3 years, COTY and EXG moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 281.7 %².
EXG is one of the assets that tracks COTY most closely: it ranks #3 out of the 10 assets we track against COTY. Correlation aside, the last 12 months split them widely, with EXG ahead by 56.3 points (-34.3% versus +22.0%). Note the risk asymmetry: COTY runs 2.8 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.
COTY vs EXG: side by side
| COTY (Coty Inc.) | EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | |
|---|---|---|
| 1-year return | -34.3% | +22.0% |
| 5-year return | -71.0% | +45.8% |
| Volatility (ann.) | 42.5% | 15.0% |
| Beta vs S&P 500 | 1.08 | 0.91 |
| Max drawdown (3Y) | -86.0% | -15.1% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | 4.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COTY | EXG |
|---|---|---|
| 2022 | -18.5% | -22.2% |
| 2023 | +45.1% | +11.4% |
| 2024 | -44.0% | +16.1% |
| 2025 | -55.7% | +27.8% |
| 2026 | -10.4% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COTY and EXG good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COTY and EXG?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.49 over the last year and 0.42 over 5 years.
Is EXG a good diversifier for COTY?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/coty-vs-exg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coty-vs-exg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COTY correlations · EXG correlations
