EPRX vs EVV: Correlation
Eupraxia Pharmaceuticals Inc. (EPRX) and Eaton Vance Limited Duration Income Fund (EVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRX and EVV?
Over the past 3 years, EPRX and EVV moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 198.0 %².
Among the 13 assets we track against EPRX, EVV ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EPRX ahead by 42.9 points (+39.4% versus -3.5%). Note the risk asymmetry: EPRX runs 4.8 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.
EPRX vs EVV: side by side
| EPRX (Eupraxia Pharmaceuticals Inc.) | EVV (Eaton Vance Limited Duration Income Fund) | |
|---|---|---|
| 1-year return | +39.4% | -3.5% |
| 5-year return | n/a | +11.4% |
| Volatility (ann.) | 49.2% | 10.2% |
| Beta vs S&P 500 | 1.06 | 0.41 |
| Max drawdown (3Y) | -35.9% | -9.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 0.00% | 9.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPRX | EVV |
|---|---|---|
| 2022 | – | -19.9% |
| 2023 | – | +13.3% |
| 2024 | – | +12.2% |
| 2025 | +138.2% | +10.7% |
| 2026 | -2.5% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRX and EVV good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EPRX and EVV?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is EVV a good diversifier for EPRX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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
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Related comparisons
Hubs: EPRX correlations · EVV correlations
