EFR vs EVF: Correlation
Eaton Vance Senior Floating-Rate Fund (EFR) and Eaton Vance Senior Income Trust (EVF) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFR and EVF?
Over the past 3 years, EFR and EVF moved with a correlation of 0.79, which is strong. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 86.6 %².
In EFR's tracked universe of 16 assets, EVF sits right near the top at #2. Their 12-month results are close: -2.3% for EFR against -3.0% for EVF.
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.
EFR vs EVF: side by side
| EFR (Eaton Vance Senior Floating-Rate Fund) | EVF (Eaton Vance Senior Income Trust) | |
|---|---|---|
| 1-year return | -2.3% | -3.0% |
| 5-year return | +16.8% | +15.0% |
| Volatility (ann.) | 10.7% | 10.2% |
| Beta vs S&P 500 | 0.45 | 0.41 |
| Max drawdown (3Y) | -18.3% | -16.9% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 20.6 | 24.7 |
| Dividend yield | 9.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFR | EVF |
|---|---|---|
| 2022 | -18.8% | -14.8% |
| 2023 | +29.2% | +34.5% |
| 2024 | +11.3% | +7.3% |
| 2025 | -4.9% | -6.1% |
| 2026 | -0.4% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFR and EVF good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFR and EVF?
The EFR/EVF correlation stands at 0.79 on a 3-year window (1 year: 0.82, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is EVF a good diversifier for EFR?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
A reading of 0.79 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/efr-vs-evf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efr-vs-evf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFR correlations · EVF correlations
