ETJ vs LFCR: Correlation
Measured on weekly returns over the past three years, Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) and Lifecore Biomedical, Inc. (LFCR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETJ and LFCR?
Over the past 3 years, ETJ and LFCR moved with a correlation of 0.40, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.40 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 339.8 %².
By 3-year correlation, LFCR places #10 of the 15 assets tracked against ETJ. Their recent paths diverged sharply: over the last 12 months ETJ outperformed by 43.1 percentage points (+3.4% for ETJ against -39.7% for LFCR). Note the risk asymmetry: LFCR runs 5.1 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.
ETJ vs LFCR: side by side
| ETJ (Eaton Vance Risk-Managed Diversified Equity Income Fund) | LFCR (Lifecore Biomedical, Inc.) | |
|---|---|---|
| 1-year return | +3.4% | -39.7% |
| 5-year return | +19.5% | -58.0% |
| Volatility (ann.) | 13.0% | 65.7% |
| Beta vs S&P 500 | 0.71 | 1.25 |
| Max drawdown (3Y) | -15.4% | -59.6% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETJ | LFCR |
|---|---|---|
| 2022 | -22.7% | -41.6% |
| 2023 | +14.2% | -4.5% |
| 2024 | +29.5% | +20.0% |
| 2025 | +3.5% | +10.1% |
| 2026 | +2.1% | -44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETJ and LFCR good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ETJ and LFCR?
The ETJ/LFCR correlation stands at 0.40 on a 3-year window (1 year: 0.59, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is LFCR a good diversifier for ETJ?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/etj-vs-lfcr.json
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[](https://www.pairbook.io/pair/etj-vs-lfcr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETJ correlations · LFCR correlations
