EOS vs MSFT: Correlation
How closely do Eaton Vance Enhance Equity Income Fund II (EOS) and Microsoft (MSFT) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and MSFT?
Across a 3-year window, the weekly returns of EOS and MSFT correlate at 0.60, strong. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 318.0 %².
By 3-year correlation, MSFT places #19 of the 34 assets tracked against EOS. Their 12-month results are close: -1.9% for EOS against +0.5% for MSFT.
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 MSFT: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | MSFT (Microsoft) | |
|---|---|---|
| 1-year return | -1.9% | +0.5% |
| 5-year return | +30.9% | +73.3% |
| Volatility (ann.) | 19.2% | 27.5% |
| Beta vs S&P 500 | 1.17 | 1.12 |
| Max drawdown (3Y) | -24.3% | -34.5% |
| Market cap | $1.2B | $3,750.3B |
| P/E (trailing) | 7.2 | 28.1 |
| Dividend yield | 8.51% | 0.73% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EOS | MSFT |
|---|---|---|
| 2022 | -26.5% | -28.0% |
| 2023 | +22.6% | +58.2% |
| 2024 | +38.7% | +12.9% |
| 2025 | +5.8% | +15.6% |
| 2026 | -2.2% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and MSFT good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EOS and MSFT?
As of 2026-08-27, the correlation of weekly returns between EOS and MSFT is 0.60 over 3 years, 0.53 over 1 year and 0.65 over 5 years.
Is MSFT a good diversifier for EOS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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/eos-vs-msft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eos-vs-msft/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EOS correlations · MSFT correlations
