EFT vs EVF: Correlation
Measured on weekly returns over the past three years, Eaton Vance Floating Rate Income Trust (EFT) and Eaton Vance Senior Income Trust (EVF) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFT and EVF?
Over the past 3 years, EFT and EVF moved with a correlation of 0.79, which is strong. Recent behaviour matches the longer record: 0.85 over 1 year against 0.79 over 3. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 87.7 %².
In EFT's tracked universe of 14 assets, EVF sits right near the top at #2. Neither side won the trailing year by much: -4.8% against -3.0%.
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.
EFT vs EVF: side by side
| EFT (Eaton Vance Floating Rate Income Trust) | EVF (Eaton Vance Senior Income Trust) | |
|---|---|---|
| 1-year return | -4.8% | -3.0% |
| 5-year return | +13.9% | +15.0% |
| Volatility (ann.) | 10.9% | 10.2% |
| Beta vs S&P 500 | 0.49 | 0.41 |
| Max drawdown (3Y) | -17.5% | -16.9% |
| Market cap | – | $0.1B |
| P/E (trailing) | 42.4 | 24.7 |
| Dividend yield | 9.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFT | EVF |
|---|---|---|
| 2022 | -19.7% | -14.8% |
| 2023 | +27.1% | +34.5% |
| 2024 | +13.2% | +7.3% |
| 2025 | -3.8% | -6.1% |
| 2026 | -1.6% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFT and EVF good diversifiers for each other?
Only partially. A correlation of 0.79 means EFT and EVF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EFT and EVF?
The EFT/EVF correlation stands at 0.79 on a 3-year window (1 year: 0.85, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is EVF a good diversifier for EFT?
Only partially. A correlation of 0.79 means EFT and EVF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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/eft-vs-evf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eft-vs-evf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFT correlations · EVF correlations
