ETG vs VT: Correlation
How closely do Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.92, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETG and VT?
On 3 years of weekly data the ETG/VT correlation comes out at 0.92, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. The 5-year figure is 0.89, and annualized covariance runs at 216.3 %².
Among the 27 assets we track against ETG, VT ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +25.2% for ETG and +22.7% for VT.
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 VT: side by side
| ETG (Eaton Vance Tax-Advantaged Global Dividend Income Fund) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +25.2% | +22.7% |
| 5-year return | +60.6% | +67.7% |
| Volatility (ann.) | 16.9% | 13.9% |
| Beta vs S&P 500 | 1.04 | 0.92 |
| Max drawdown (3Y) | -17.0% | -16.5% |
| Market cap | $1.9B | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 6.41% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | ETG | VT |
|---|---|---|
| 2022 | -27.6% | -18.0% |
| 2023 | +22.0% | +22.0% |
| 2024 | +15.4% | +16.5% |
| 2025 | +36.9% | +22.4% |
| 2026 | +9.8% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETG and VT good diversifiers for each other?
No: a correlation of 0.92 means ETG and VT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ETG and VT?
As of 2026-08-27, the correlation of weekly returns between ETG and VT is 0.92 over 3 years, 0.88 over 1 year and 0.89 over 5 years.
Is VT a good diversifier for ETG?
No: a correlation of 0.92 means ETG and VT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.92 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.
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Related comparisons
Hubs: ETG correlations · VT correlations
