EVG vs EVV: Correlation
Eaton Vance Short Diversified Income Fund Eaton Vance Short (EVG) and Eaton Vance Limited Duration Income Fund (EVV) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVG and EVV?
On 3 years of weekly data the EVG/EVV correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.69 over 3. The 5-year figure is 0.69, and annualized covariance runs at 59.4 %².
Few assets follow EVG as closely as EVV, which ranks #1 of 11 tracked partners. Over the last 12 months EVG came out ahead by 5.8 percentage points (+2.3% against -3.5%).
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.
EVG vs EVV: side by side
| EVG (Eaton Vance Short Diversified Income Fund Eaton Vance Short) | EVV (Eaton Vance Limited Duration Income Fund) | |
|---|---|---|
| 1-year return | +2.3% | -3.5% |
| 5-year return | +24.1% | +11.4% |
| Volatility (ann.) | 8.4% | 10.2% |
| Beta vs S&P 500 | 0.27 | 0.41 |
| Max drawdown (3Y) | -8.2% | -9.5% |
| Market cap | – | – |
| P/E (trailing) | 10.2 | 14.7 |
| Dividend yield | 8.42% | 9.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVG | EVV |
|---|---|---|
| 2022 | -14.1% | -19.9% |
| 2023 | +11.9% | +13.3% |
| 2024 | +14.8% | +12.2% |
| 2025 | +8.4% | +10.7% |
| 2026 | +2.7% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVG and EVV good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVG and EVV?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.71 over the last year and 0.69 over 5 years.
Is EVV a good diversifier for EVG?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/evg-vs-evv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evg-vs-evv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVG correlations · EVV correlations
