ETG vs LGI: Correlation
Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) and Lazard Global Total Return and Income Fund (LGI) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETG and LGI?
Across a 3-year window, the weekly returns of ETG and LGI correlate at 0.79, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 243.7 %².
By 3-year correlation, LGI places #14 of the 27 assets tracked against ETG. The trailing year gives ETG the advantage: +25.2% versus +15.3%, a 9.9-point spread.
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.
ETG vs LGI: side by side
| ETG (Eaton Vance Tax-Advantaged Global Dividend Income Fund) | LGI (Lazard Global Total Return and Income Fund) | |
|---|---|---|
| 1-year return | +25.2% | +15.3% |
| 5-year return | +60.6% | +38.1% |
| Volatility (ann.) | 16.9% | 18.2% |
| Beta vs S&P 500 | 1.04 | 0.97 |
| Max drawdown (3Y) | -17.0% | -22.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | 3.8 | 7.2 |
| Dividend yield | 6.41% | 9.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETG | LGI |
|---|---|---|
| 2022 | -27.6% | -20.6% |
| 2023 | +22.0% | +12.8% |
| 2024 | +15.4% | +14.4% |
| 2025 | +36.9% | +21.3% |
| 2026 | +9.8% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETG and LGI good diversifiers for each other?
Only partially. A correlation of 0.79 means ETG and LGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ETG and LGI?
The ETG/LGI correlation stands at 0.79 on a 3-year window (1 year: 0.73, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is LGI a good diversifier for ETG?
Only partially. A correlation of 0.79 means ETG and LGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 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/etg-vs-lgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/etg-vs-lgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETG correlations · LGI correlations
