ETY vs VTI: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY) and Vanguard Total Stock Market ETF (VTI) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETY and VTI?
Over the past 3 years, ETY and VTI moved with a correlation of 0.90, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Over 5 years the correlation is 0.89, and the annualized covariance of weekly returns is 202.6 %².
By 3-year correlation, VTI places #5 of the 34 assets tracked against ETY. Correlation aside, the last 12 months split them widely, with VTI ahead by 21.1 points (-0.4% versus +20.7%).
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.
ETY vs VTI: side by side
| ETY (Eaton Vance Tax-Managed Diversified Equity Income Fund) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | -0.4% | +20.7% |
| 5-year return | +51.2% | +74.8% |
| Volatility (ann.) | 15.4% | 14.6% |
| Beta vs S&P 500 | 0.97 | 1.01 |
| Max drawdown (3Y) | -21.3% | -19.3% |
| Market cap | – | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 8.24% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | ETY | VTI |
|---|---|---|
| 2022 | -21.2% | -19.5% |
| 2023 | +21.9% | +26.0% |
| 2024 | +33.1% | +23.8% |
| 2025 | +11.0% | +17.1% |
| 2026 | +0.2% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETY and VTI good diversifiers for each other?
No. With a correlation of 0.90, ETY and VTI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ETY and VTI?
As of 2026-08-27, the correlation of weekly returns between ETY and VTI is 0.90 over 3 years, 0.87 over 1 year and 0.89 over 5 years.
Is VTI a good diversifier for ETY?
No. With a correlation of 0.90, ETY and VTI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
A reading of 0.90 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ety-vs-vti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ety-vs-vti/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETY correlations · VTI correlations
