EOS vs META: Correlation
Measured on weekly returns over the past three years, Eaton Vance Enhance Equity Income Fund II (EOS) and Meta Platforms (META) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and META?
Across a 3-year window, the weekly returns of EOS and META correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 404.8 %².
Among the 34 assets we track against EOS, META ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EOS ahead by 21.4 points (-1.9% versus -23.3%). Risk is not evenly split, since META carries 1.9 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.
EOS vs META: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | META (Meta Platforms) | |
|---|---|---|
| 1-year return | -1.9% | -23.3% |
| 5-year return | +30.9% | +51.3% |
| Volatility (ann.) | 19.2% | 36.9% |
| Beta vs S&P 500 | 1.17 | 1.45 |
| Max drawdown (3Y) | -24.3% | -34.2% |
| Market cap | $1.2B | $1,454.9B |
| P/E (trailing) | 7.2 | 21.7 |
| Dividend yield | 8.51% | 0.36% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EOS | META |
|---|---|---|
| 2022 | -26.5% | -64.2% |
| 2023 | +22.6% | +194.1% |
| 2024 | +38.7% | +66.0% |
| 2025 | +5.8% | +13.1% |
| 2026 | -2.2% | -13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and META good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EOS and META?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.59 over the last year and 0.51 over 5 years.
Is META a good diversifier for EOS?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eos-vs-meta.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eos-vs-meta/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOS correlations · META correlations
