EVT vs HAS: Correlation
How closely do Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Hasbro (HAS) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and HAS?
Across a 3-year window, the weekly returns of EVT and HAS correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.45, with an annualized covariance of 252.1 %².
Among the 52 assets we track against EVT, HAS ranks #37 by 3-year correlation. The trailing year gives EVT the advantage: +28.8% versus +19.2%, a 9.6-point spread. Risk is not evenly split, since HAS carries 2.1 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 HAS: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +28.8% | +19.2% |
| 5-year return | +51.3% | +17.1% |
| Volatility (ann.) | 15.3% | 31.7% |
| Beta vs S&P 500 | 0.85 | 0.86 |
| Max drawdown (3Y) | -18.7% | -40.3% |
| Market cap | $2.2B | $13.3B |
| P/E (trailing) | 4.5 | 17.1 |
| Dividend yield | 6.80% | 2.91% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EVT | HAS |
|---|---|---|
| 2022 | -17.3% | -37.9% |
| 2023 | +5.8% | -11.9% |
| 2024 | +17.4% | +14.8% |
| 2025 | +13.8% | +52.5% |
| 2026 | +20.8% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and HAS good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVT and HAS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.36 over the last year and 0.45 over 5 years.
Is HAS a good diversifier for EVT?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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/evt-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evt-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVT correlations · HAS correlations
