DJT vs ETX: Correlation
Measured on weekly returns over the past three years, Trump Media & Technology Group Corp. (DJT) and Eaton Vance Municipal Income 2028 Term Trust (ETX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJT and ETX?
Across a 3-year window, the weekly returns of DJT and ETX correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of -168.4 %².
Out of 11 assets tracked against DJT, ETX lands near the bottom at #10. The last year tells two different stories: ETX led by 48.1 percentage points, -45.5% for DJT against +2.6% for ETX. Risk is not evenly split, since DJT carries 12.8 times the volatility of the other side.
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.
DJT vs ETX: side by side
| DJT (Trump Media & Technology Group Corp.) | ETX (Eaton Vance Municipal Income 2028 Term Trust) | |
|---|---|---|
| 1-year return | -45.5% | +2.6% |
| 5-year return | -1.8% | -2.2% |
| Volatility (ann.) | 100.8% | 7.9% |
| Beta vs S&P 500 | 1.54 | 0.13 |
| Max drawdown (3Y) | -89.3% | -6.1% |
| Market cap | $2.7B | $0.2B |
| P/E (trailing) | – | 23.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJT | ETX |
|---|---|---|
| 2022 | -70.8% | -13.5% |
| 2023 | +16.7% | +1.3% |
| 2024 | +94.9% | +6.9% |
| 2025 | -61.2% | +11.7% |
| 2026 | -26.2% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJT and ETX good diversifiers for each other?
Yes. With a correlation of -0.21, DJT and ETX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DJT and ETX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.31 over the last year and 0.08 over 5 years.
Is ETX a good diversifier for DJT?
Yes. With a correlation of -0.21, DJT and ETX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/djt-vs-etx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/djt-vs-etx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DJT correlations · ETX correlations
