EVT vs GPN: Correlation
Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Global Payments (GPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and GPN?
Across a 3-year window, the weekly returns of EVT and GPN correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 312.2 %².
Within EVT's tracked universe of 52 assets, GPN comes in at #29 by 3-year correlation. The last year tells two different stories: EVT led by 21.8 percentage points, +28.8% for EVT against +7.0% for GPN. Risk is not evenly split, since GPN carries 2.3 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.
EVT vs GPN: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +28.8% | +7.0% |
| 5-year return | +51.3% | -39.6% |
| Volatility (ann.) | 15.3% | 35.9% |
| Beta vs S&P 500 | 0.85 | 1.22 |
| Max drawdown (3Y) | -18.7% | -54.0% |
| Market cap | $2.2B | $24.5B |
| P/E (trailing) | 4.5 | 44.0 |
| Dividend yield | 6.80% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EVT | GPN |
|---|---|---|
| 2022 | -17.3% | -25.9% |
| 2023 | +5.8% | +29.0% |
| 2024 | +17.4% | -11.0% |
| 2025 | +13.8% | -30.1% |
| 2026 | +20.8% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and GPN good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EVT and GPN?
The EVT/GPN correlation stands at 0.57 on a 3-year window (1 year: 0.50, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is GPN a good diversifier for EVT?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/evt-vs-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evt-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVT correlations · GPN correlations
