EVT vs F: Correlation
How closely do Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Ford Motor Company (F) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and F?
Across a 3-year window, the weekly returns of EVT and F correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 266.6 %².
By 3-year correlation, F places #41 of the 52 assets tracked against EVT. The trailing year gives EVT the advantage: +28.8% versus +22.6%, a 6.2-point spread. One caveat on sizing: F is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EVT vs F: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | F (Ford Motor Company) | |
|---|---|---|
| 1-year return | +28.8% | +22.6% |
| 5-year return | +51.3% | +45.8% |
| Volatility (ann.) | 15.3% | 36.1% |
| Beta vs S&P 500 | 0.85 | 1.06 |
| Max drawdown (3Y) | -18.7% | -36.5% |
| Market cap | $2.2B | $55.6B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 6.80% | 4.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EVT | F |
|---|---|---|
| 2022 | -17.3% | -42.2% |
| 2023 | +5.8% | +15.8% |
| 2024 | +17.4% | -13.1% |
| 2025 | +13.8% | +42.3% |
| 2026 | +20.8% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and F good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVT and F?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.45 over the last year and 0.54 over 5 years.
Is F a good diversifier for EVT?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EVT correlations · F correlations
