EOI vs NFLX: Correlation
How closely do Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced (EOI) and Netflix (NFLX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOI and NFLX?
Across a 3-year window, the weekly returns of EOI and NFLX correlate at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.42 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 252.2 %².
Within EOI's tracked universe of 19 assets, NFLX comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EOI outperformed by 36.9 percentage points (+2.2% for EOI against -34.7% for NFLX). Note the risk asymmetry: NFLX runs 2.1 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 NFLX: side by side
| EOI (Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | +2.2% | -34.7% |
| 5-year return | +55.4% | +41.0% |
| Volatility (ann.) | 17.0% | 35.2% |
| Beta vs S&P 500 | 0.96 | 0.99 |
| Max drawdown (3Y) | -23.2% | -49.5% |
| Market cap | $0.8B | $332.4B |
| P/E (trailing) | 8.5 | 25.7 |
| Dividend yield | 8.03% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EOI | NFLX |
|---|---|---|
| 2022 | -19.7% | -51.1% |
| 2023 | +20.7% | +65.1% |
| 2024 | +35.8% | +83.1% |
| 2025 | +7.2% | +5.2% |
| 2026 | +3.4% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOI and NFLX good diversifiers for each other?
Reasonably. At 0.42, EOI and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EOI and NFLX?
As of 2026-08-27, the correlation of weekly returns between EOI and NFLX is 0.42 over 3 years, 0.16 over 1 year and 0.49 over 5 years.
Is NFLX a good diversifier for EOI?
Reasonably. At 0.42, EOI and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/eoi-vs-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eoi-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOI correlations · NFLX correlations
