EVF vs TCRT: Correlation
Measured on weekly returns over the past three years, Eaton Vance Senior Income Trust (EVF) and Alaunos Therapeutics, Inc. (TCRT) carry a correlation of -0.33, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVF and TCRT?
Across a 3-year window, the weekly returns of EVF and TCRT correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.33). Stretching to 5 years gives -0.12, with an annualized covariance of -405.6 %².
Among the 14 assets we track against EVF, TCRT sits near the bottom by co-movement, at rank #11. Over the last 12 months EVF came out ahead by 9.2 percentage points (-3.0% against -12.2%). Note the risk asymmetry: TCRT runs 12.0 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.
EVF vs TCRT: side by side
| EVF (Eaton Vance Senior Income Trust) | TCRT (Alaunos Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -3.0% | -12.2% |
| 5-year return | +15.0% | -99.3% |
| Volatility (ann.) | 10.2% | 121.9% |
| Beta vs S&P 500 | 0.41 | -1.11 |
| Max drawdown (3Y) | -16.9% | -95.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVF | TCRT |
|---|---|---|
| 2022 | -14.8% | -40.4% |
| 2023 | +34.5% | -89.2% |
| 2024 | +7.3% | -81.8% |
| 2025 | -6.1% | +69.1% |
| 2026 | -0.8% | -48.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVF and TCRT good diversifiers for each other?
Yes. With a correlation of -0.33, EVF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EVF and TCRT?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.14 over the last year and -0.12 over 5 years.
Is TCRT a good diversifier for EVF?
Yes. With a correlation of -0.33, EVF and TCRT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 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/evf-vs-tcrt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evf-vs-tcrt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVF correlations · TCRT correlations
