EOI vs GLBE: Correlation
Measured on weekly returns over the past three years, Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced (EOI) and Global-E Online Ltd. (GLBE) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOI and GLBE?
On 3 years of weekly data the EOI/GLBE correlation comes out at 0.52, moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.52). The 5-year figure is 0.48, and annualized covariance runs at 452.7 %².
By 3-year correlation, GLBE places #9 of the 19 assets tracked against EOI. Their recent paths diverged sharply: over the last 12 months GLBE outperformed by 17.2 percentage points (+2.2% for EOI against +19.4% for GLBE). Note the risk asymmetry: GLBE runs 3.0 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.
EOI vs GLBE: side by side
| EOI (Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced) | GLBE (Global-E Online Ltd.) | |
|---|---|---|
| 1-year return | +2.2% | +19.4% |
| 5-year return | +55.4% | -51.4% |
| Volatility (ann.) | 17.0% | 51.3% |
| Beta vs S&P 500 | 0.96 | 1.64 |
| Max drawdown (3Y) | -23.2% | -56.2% |
| Market cap | $0.8B | $6.6B |
| P/E (trailing) | 8.5 | 44.4 |
| Dividend yield | 8.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOI | GLBE |
|---|---|---|
| 2022 | -19.7% | -67.4% |
| 2023 | +20.7% | +92.0% |
| 2024 | +35.8% | +37.6% |
| 2025 | +7.2% | -27.9% |
| 2026 | +3.4% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOI and GLBE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EOI and GLBE?
As of 2026-08-27, the correlation of weekly returns between EOI and GLBE is 0.52 over 3 years, 0.41 over 1 year and 0.48 over 5 years.
Is GLBE a good diversifier for EOI?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/eoi-vs-glbe.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eoi-vs-glbe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOI correlations · GLBE correlations
