EOS vs VUG: Correlation
Eaton Vance Enhance Equity Income Fund II (EOS) and Vanguard Growth ETF (VUG) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOS and VUG?
Across a 3-year window, the weekly returns of EOS and VUG correlate at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. Stretching to 5 years gives 0.90, with an annualized covariance of 331.9 %².
Few assets follow EOS as closely as VUG, which ranks #3 of 34 tracked partners. Correlation aside, the last 12 months split them widely, with VUG ahead by 18.1 points (-1.9% versus +16.2%).
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 VUG: side by side
| EOS (Eaton Vance Enhance Equity Income Fund II) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | -1.9% | +16.2% |
| 5-year return | +30.9% | +78.4% |
| Volatility (ann.) | 19.2% | 19.4% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -24.3% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 7.2 | – |
| Dividend yield | 8.51% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | US Listed | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | EOS | VUG |
|---|---|---|
| 2022 | -26.5% | -33.2% |
| 2023 | +22.6% | +46.8% |
| 2024 | +38.7% | +32.7% |
| 2025 | +5.8% | +19.4% |
| 2026 | -2.2% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOS and VUG good diversifiers for each other?
No. With a correlation of 0.89, EOS and VUG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EOS and VUG?
As of 2026-08-27, the correlation of weekly returns between EOS and VUG is 0.89 over 3 years, 0.87 over 1 year and 0.90 over 5 years.
Is VUG a good diversifier for EOS?
No. With a correlation of 0.89, EOS and VUG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
A reading of 0.89 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
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Related comparisons
Hubs: EOS correlations · VUG correlations
