ETG vs STLA: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) and Stellantis N.V. (STLA) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETG and STLA?
On 3 years of weekly data the ETG/STLA correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 378.3 %².
Among the 27 assets we track against ETG, STLA ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ETG ahead by 69.7 points (+25.2% versus -44.5%). Note the risk asymmetry: STLA runs 2.6 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.
ETG vs STLA: side by side
| ETG (Eaton Vance Tax-Advantaged Global Dividend Income Fund) | STLA (Stellantis N.V.) | |
|---|---|---|
| 1-year return | +25.2% | -44.5% |
| 5-year return | +60.6% | -63.8% |
| Volatility (ann.) | 16.9% | 44.7% |
| Beta vs S&P 500 | 1.04 | 1.33 |
| Max drawdown (3Y) | -17.0% | -80.0% |
| Market cap | $1.9B | $19.9B |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 6.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETG | STLA |
|---|---|---|
| 2022 | -27.6% | -18.2% |
| 2023 | +22.0% | +79.2% |
| 2024 | +15.4% | -40.2% |
| 2025 | +36.9% | -9.2% |
| 2026 | +9.8% | -51.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETG and STLA 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 ETG and STLA?
The ETG/STLA correlation stands at 0.50 on a 3-year window (1 year: 0.45, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is STLA a good diversifier for ETG?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etg-vs-stla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etg-vs-stla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETG correlations · STLA correlations
