DIS vs ETY: Correlation
Walt Disney Company (The) (DIS) and Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) 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 ETY?
On 3 years of weekly data the DIS/ETY correlation comes out at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 210.1 %².
By 3-year correlation, ETY places #14 of the 37 assets tracked against DIS. Over the last 12 months ETY came out ahead by 7.8 percentage points (-8.2% against -0.4%). Note the risk asymmetry: DIS runs 1.8 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.
DIS vs ETY: side by side
| DIS (Walt Disney Company (The)) | ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund) | |
|---|---|---|
| 1-year return | -8.2% | -0.4% |
| 5-year return | -38.8% | +51.2% |
| Volatility (ann.) | 27.7% | 15.4% |
| Beta vs S&P 500 | 0.96 | 0.97 |
| Max drawdown (3Y) | -32.9% | -21.3% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | 5.2 |
| Dividend yield | 1.37% | 8.24% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | DIS | ETY |
|---|---|---|
| 2022 | -43.9% | -21.2% |
| 2023 | +4.3% | +21.9% |
| 2024 | +24.4% | +33.1% |
| 2025 | +3.3% | +11.0% |
| 2026 | -5.4% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and ETY good diversifiers for each other?
Reasonably. At 0.49, DIS and ETY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DIS and ETY?
As of 2026-08-27, the correlation of weekly returns between DIS and ETY is 0.49 over 3 years, 0.54 over 1 year and 0.57 over 5 years.
Is ETY a good diversifier for DIS?
Reasonably. At 0.49, DIS and ETY 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dis-vs-ety.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dis-vs-ety/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DIS correlations · ETY correlations
