EVT vs HON: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Honeywell Technologies (HON) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and HON?
On 3 years of weekly data the EVT/HON correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 190.9 %².
Within EVT's tracked universe of 52 assets, HON comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EVT ahead by 26.1 points (+28.8% versus +2.7%). Note the risk asymmetry: HON runs 1.5 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.
EVT vs HON: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | +28.8% | +2.7% |
| 5-year return | +51.3% | +6.6% |
| Volatility (ann.) | 15.3% | 23.2% |
| Beta vs S&P 500 | 0.85 | 0.74 |
| Max drawdown (3Y) | -18.7% | -22.1% |
| Market cap | $2.2B | $69.9B |
| P/E (trailing) | 4.5 | 8.5 |
| Dividend yield | 6.80% | 4.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EVT | HON |
|---|---|---|
| 2022 | -17.3% | +4.9% |
| 2023 | +5.8% | +0.0% |
| 2024 | +17.4% | +10.0% |
| 2025 | +13.8% | -6.4% |
| 2026 | +20.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and HON good diversifiers for each other?
Only partially. A correlation of 0.54 means EVT and HON share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVT and HON?
As of 2026-08-27, the correlation of weekly returns between EVT and HON is 0.54 over 3 years, 0.46 over 1 year and 0.55 over 5 years.
Is HON a good diversifier for EVT?
Only partially. A correlation of 0.54 means EVT and HON share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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-hon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evt-vs-hon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVT correlations · HON correlations
