EOS vs PLTR: Correlation
How closely do Eaton Vance Enhance Equity Income Fund II (EOS) and Palantir Technologies (PLTR) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and PLTR?
Across a 3-year window, the weekly returns of EOS and PLTR correlate at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 762.2 %².
Among the 34 assets we track against EOS, PLTR ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLTR ahead by 20.5 points (-1.9% versus +18.6%). Note the risk asymmetry: PLTR runs 3.7 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 PLTR: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | -1.9% | +18.6% |
| 5-year return | +30.9% | +621.8% |
| Volatility (ann.) | 19.2% | 71.3% |
| Beta vs S&P 500 | 1.17 | 2.47 |
| Max drawdown (3Y) | -24.3% | -48.2% |
| Market cap | $1.2B | $446.8B |
| P/E (trailing) | 7.2 | 151.2 |
| Dividend yield | 8.51% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EOS | PLTR |
|---|---|---|
| 2022 | -26.5% | -64.7% |
| 2023 | +22.6% | +167.4% |
| 2024 | +38.7% | +340.5% |
| 2025 | +5.8% | +135.0% |
| 2026 | -2.2% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and PLTR good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EOS and PLTR?
As of 2026-08-27, the correlation of weekly returns between EOS and PLTR is 0.56 over 3 years, 0.53 over 1 year and 0.55 over 5 years.
Is PLTR a good diversifier for EOS?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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.
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Related comparisons
Hubs: EOS correlations · PLTR correlations
