EEIQ vs ETX: Correlation
Measured on weekly returns over the past three years, EpicQuest Education Group International Limited (EEIQ) and Eaton Vance Municipal Income 2028 Term Trust (ETX) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEIQ and ETX?
Over the past 3 years, EEIQ and ETX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -362.7 %².
By 3-year correlation, ETX places #11 of the 16 assets tracked against EEIQ. The last year tells two different stories: ETX led by 70.9 percentage points, -68.3% for EEIQ against +2.6% for ETX. Risk is not evenly split, since EEIQ carries 24.4 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.
EEIQ vs ETX: side by side
| EEIQ (EpicQuest Education Group International Limited) | ETX (Eaton Vance Municipal Income 2028 Term Trust) | |
|---|---|---|
| 1-year return | -68.3% | +2.6% |
| 5-year return | -95.4% | -2.2% |
| Volatility (ann.) | 193.1% | 7.9% |
| Beta vs S&P 500 | -0.48 | 0.13 |
| Max drawdown (3Y) | -94.3% | -6.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 23.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEIQ | ETX |
|---|---|---|
| 2022 | -33.0% | -13.5% |
| 2023 | -11.8% | +1.3% |
| 2024 | -46.7% | +6.9% |
| 2025 | -78.7% | +11.7% |
| 2026 | -25.1% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEIQ and ETX good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between EEIQ and ETX?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.38 over the last year and -0.19 over 5 years.
Is ETX a good diversifier for EEIQ?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eeiq-vs-etx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eeiq-vs-etx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EEIQ correlations · ETX correlations
