EVG vs GNLX: Correlation
Measured on weekly returns over the past three years, Eaton Vance Short Diversified Income Fund Eaton Vance Short (EVG) and Genelux Corporation (GNLX) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVG and GNLX?
Over the past 3 years, EVG and GNLX moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.37 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 298.3 %².
GNLX is close to the least connected end of EVG's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months EVG outperformed by 23.2 percentage points (+2.3% for EVG against -20.9% for GNLX). Risk is not evenly split, since GNLX carries 11.3 times the volatility of the other side.
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 GNLX: side by side
| EVG (Eaton Vance Short Diversified Income Fund Eaton Vance Short) | GNLX (Genelux Corporation) | |
|---|---|---|
| 1-year return | +2.3% | -20.9% |
| 5-year return | +24.1% | n/a |
| Volatility (ann.) | 8.4% | 94.6% |
| Beta vs S&P 500 | 0.27 | 0.99 |
| Max drawdown (3Y) | -8.2% | -94.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 8.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVG | GNLX |
|---|---|---|
| 2022 | -14.1% | – |
| 2023 | +11.9% | – |
| 2024 | +14.8% | -83.2% |
| 2025 | +8.4% | +84.7% |
| 2026 | +2.7% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVG and GNLX good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EVG and GNLX?
The EVG/GNLX correlation stands at 0.37 on a 3-year window (1 year: 0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GNLX a good diversifier for EVG?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/evg-vs-gnlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evg-vs-gnlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVG correlations · GNLX correlations
