DIS vs ETB: Correlation
Walt Disney Company (The) (DIS) and Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance (ETB) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and ETB?
Across a 3-year window, the weekly returns of DIS and ETB correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 187.2 %².
By 3-year correlation, ETB places #13 of the 37 assets tracked against DIS. Correlation aside, the last 12 months split them widely, with ETB ahead by 22.4 points (-8.2% versus +14.2%). Note the risk asymmetry: DIS runs 2.0 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.
DIS vs ETB: side by side
| DIS (Walt Disney Company (The)) | ETB (Eaton Vance Tax-Managed Buy-Write Income Fund Eaton Vance) | |
|---|---|---|
| 1-year return | -8.2% | +14.2% |
| 5-year return | -38.8% | +44.4% |
| Volatility (ann.) | 27.7% | 13.9% |
| Beta vs S&P 500 | 0.96 | 0.83 |
| Max drawdown (3Y) | -32.9% | -20.1% |
| Market cap | $184.4B | $0.5B |
| P/E (trailing) | 22.6 | 7.7 |
| Dividend yield | 1.37% | 8.13% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | DIS | ETB |
|---|---|---|
| 2022 | -43.9% | -16.6% |
| 2023 | +4.3% | +7.5% |
| 2024 | +24.4% | +26.2% |
| 2025 | +3.3% | +11.2% |
| 2026 | -5.4% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and ETB good diversifiers for each other?
Reasonably. At 0.49, DIS and ETB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIS and ETB?
The DIS/ETB correlation stands at 0.49 on a 3-year window (1 year: 0.52, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is ETB a good diversifier for DIS?
Reasonably. At 0.49, DIS and ETB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DIS correlations · ETB correlations
