EOS vs NFLX: Correlation
Measured on weekly returns over the past three years, Eaton Vance Enhance Equity Income Fund II (EOS) and Netflix (NFLX) 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 NFLX?
On 3 years of weekly data the EOS/NFLX correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.45). The 5-year figure is 0.54, and annualized covariance runs at 307.7 %².
Among the 34 assets we track against EOS, NFLX ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EOS ahead by 32.8 points (-1.9% versus -34.7%). One caveat on sizing: NFLX is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 NFLX: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | -1.9% | -34.7% |
| 5-year return | +30.9% | +41.0% |
| Volatility (ann.) | 19.2% | 35.2% |
| Beta vs S&P 500 | 1.17 | 0.99 |
| Max drawdown (3Y) | -24.3% | -49.5% |
| Market cap | $1.2B | $332.4B |
| P/E (trailing) | 7.2 | 25.7 |
| Dividend yield | 8.51% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EOS | NFLX |
|---|---|---|
| 2022 | -26.5% | -51.1% |
| 2023 | +22.6% | +65.1% |
| 2024 | +38.7% | +83.1% |
| 2025 | +5.8% | +5.2% |
| 2026 | -2.2% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and NFLX good diversifiers for each other?
Reasonably. At 0.45, EOS and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EOS and NFLX?
As of 2026-08-27, the correlation of weekly returns between EOS and NFLX is 0.45 over 3 years, 0.26 over 1 year and 0.54 over 5 years.
Is NFLX a good diversifier for EOS?
Reasonably. At 0.45, EOS and NFLX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eos-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOS correlations · NFLX correlations
