ETO vs VT: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax-Advantage Global Dividend Opp (ETO) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.93, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETO and VT?
Across a 3-year window, the weekly returns of ETO and VT correlate at 0.93, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.93 over 3. Stretching to 5 years gives 0.87, with an annualized covariance of 213.8 %².
By 3-year correlation, VT places #4 of the 38 assets tracked against ETO. Neither side won the trailing year by much: +24.4% against +22.7%.
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.
ETO vs VT: side by side
| ETO (Eaton Vance Tax-Advantage Global Dividend Opp) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +24.4% | +22.7% |
| 5-year return | +43.6% | +67.7% |
| Volatility (ann.) | 16.6% | 13.9% |
| Beta vs S&P 500 | 1.02 | 0.92 |
| Max drawdown (3Y) | -18.2% | -16.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 6.57% | 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 | ETO | VT |
|---|---|---|
| 2022 | -30.0% | -18.0% |
| 2023 | +21.5% | +22.0% |
| 2024 | +15.5% | +16.5% |
| 2025 | +29.9% | +22.4% |
| 2026 | +9.4% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETO and VT good diversifiers for each other?
No: a correlation of 0.93 means ETO and VT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ETO and VT?
Using weekly returns as of 2026-08-27: 0.93 over 3 years, with 0.91 over the last year and 0.87 over 5 years.
Is VT a good diversifier for ETO?
No: a correlation of 0.93 means ETO and VT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.93 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/eto-vs-vt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eto-vs-vt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETO correlations · VT correlations
