EOI vs SANG: Correlation
How closely do Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced (EOI) and Sangoma Technologies Corporation (SANG) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOI and SANG?
Across a 3-year window, the weekly returns of EOI and SANG correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 258.2 %².
SANG is close to the least connected end of EOI's tracked universe, ranking #15 of 19. The last year tells two different stories: EOI led by 38.1 percentage points, +2.2% for EOI against -35.9% for SANG. Risk is not evenly split, since SANG carries 2.5 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.
EOI vs SANG: side by side
| EOI (Eaton Vance Enhance Equity Income Fund Eaton Vance Enhanced) | SANG (Sangoma Technologies Corporation) | |
|---|---|---|
| 1-year return | +2.2% | -35.9% |
| 5-year return | +55.4% | -78.8% |
| Volatility (ann.) | 17.0% | 42.3% |
| Beta vs S&P 500 | 0.96 | 0.77 |
| Max drawdown (3Y) | -23.2% | -55.6% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 8.03% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOI | SANG |
|---|---|---|
| 2022 | -19.7% | -71.2% |
| 2023 | +20.7% | -34.0% |
| 2024 | +35.8% | +123.1% |
| 2025 | +7.2% | -29.0% |
| 2026 | +3.4% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOI and SANG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EOI and SANG?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.32 over the last year and 0.36 over 5 years.
Is SANG a good diversifier for EOI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-sang.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eoi-vs-sang/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOI correlations · SANG correlations
