EOS vs MIST: Correlation
Measured on weekly returns over the past three years, Eaton Vance Enhance Equity Income Fund II (EOS) and Milestone Pharmaceuticals Inc. (MIST) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and MIST?
Over the past 3 years, EOS and MIST moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 784.7 %².
By 3-year correlation, MIST places #27 of the 34 assets tracked against EOS. The last year tells two different stories: EOS led by 30.9 percentage points, -1.9% for EOS against -32.8% for MIST. Note the risk asymmetry: MIST runs 4.8 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.
EOS vs MIST: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | MIST (Milestone Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | -1.9% | -32.8% |
| 5-year return | +30.9% | -80.4% |
| Volatility (ann.) | 19.2% | 91.2% |
| Beta vs S&P 500 | 1.17 | 2.57 |
| Max drawdown (3Y) | -24.3% | -80.7% |
| Market cap | $1.2B | $0.1B |
| P/E (trailing) | 7.2 | – |
| Dividend yield | 8.51% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EOS | MIST |
|---|---|---|
| 2022 | -26.5% | -39.5% |
| 2023 | +22.6% | -57.8% |
| 2024 | +38.7% | +41.3% |
| 2025 | +5.8% | -14.4% |
| 2026 | -2.2% | -41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and MIST good diversifiers for each other?
Reasonably. At 0.45, EOS and MIST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EOS and MIST?
The EOS/MIST correlation stands at 0.45 on a 3-year window (1 year: 0.54, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is MIST a good diversifier for EOS?
Reasonably. At 0.45, EOS and MIST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/eos-vs-mist.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eos-vs-mist/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOS correlations · MIST correlations
