EVGN vs MMT: Correlation
How closely do Evogene Ltd. (EVGN) and Aberdeen Multi-Market Income Fund (MMT) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and MMT?
On 3 years of weekly data the EVGN/MMT correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 193.1 %².
By 3-year correlation, MMT places #4 of the 10 assets tracked against EVGN. Correlation aside, the last 12 months split them widely, with MMT ahead by 62.1 points (-58.9% versus +3.2%). Note the risk asymmetry: EVGN runs 8.5 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.
EVGN vs MMT: side by side
| EVGN (Evogene Ltd.) | MMT (Aberdeen Multi-Market Income Fund) | |
|---|---|---|
| 1-year return | -58.9% | +3.2% |
| 5-year return | -97.9% | +5.0% |
| Volatility (ann.) | 71.8% | 8.4% |
| Beta vs S&P 500 | 1.04 | 0.27 |
| Max drawdown (3Y) | -96.0% | -7.1% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 9.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVGN | MMT |
|---|---|---|
| 2022 | -57.3% | -23.0% |
| 2023 | +20.0% | +10.1% |
| 2024 | -77.7% | +12.5% |
| 2025 | -41.2% | +8.1% |
| 2026 | -51.1% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and MMT good diversifiers for each other?
Reasonably. At 0.32, EVGN and MMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVGN and MMT?
As of 2026-08-27, the correlation of weekly returns between EVGN and MMT is 0.32 over 3 years, 0.39 over 1 year and 0.24 over 5 years.
Is MMT a good diversifier for EVGN?
Reasonably. At 0.32, EVGN and MMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/evgn-vs-mmt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evgn-vs-mmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVGN correlations · MMT correlations
