EOS vs RDDT: Correlation
How closely do Eaton Vance Enhance Equity Income Fund II (EOS) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and RDDT?
On 3 years of weekly data the EOS/RDDT correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 712.2 %².
Among the 34 assets we track against EOS, RDDT ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EOS outperformed by 25.2 percentage points (-1.9% for EOS against -27.1% for RDDT). Note the risk asymmetry: RDDT runs 3.9 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 RDDT: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | -1.9% | -27.1% |
| 5-year return | +30.9% | n/a |
| Volatility (ann.) | 19.2% | 75.2% |
| Beta vs S&P 500 | 1.17 | 2.59 |
| Max drawdown (3Y) | -24.3% | -61.4% |
| Market cap | $1.2B | $29.6B |
| P/E (trailing) | 7.2 | 36.1 |
| Dividend yield | 8.51% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EOS | RDDT |
|---|---|---|
| 2022 | -26.5% | – |
| 2023 | +22.6% | – |
| 2024 | +38.7% | – |
| 2025 | +5.8% | +40.6% |
| 2026 | -2.2% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and RDDT good diversifiers for each other?
To a limited degree. At 0.50 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 RDDT?
As of 2026-08-27, the correlation of weekly returns between EOS and RDDT is 0.50 over 3 years, 0.54 over 1 year and n/a over 5 years.
Is RDDT a good diversifier for EOS?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eos-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EOS correlations · RDDT correlations
