EVT vs MSI: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Motorola Solutions (MSI) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and MSI?
Across a 3-year window, the weekly returns of EVT and MSI correlate at 0.45, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.45). Stretching to 5 years gives 0.50, with an annualized covariance of 152.5 %².
Among the 52 assets we track against EVT, MSI ranks #45 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EVT ahead by 22.9 points (+28.8% versus +5.9%).
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 MSI: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +28.8% | +5.9% |
| 5-year return | +51.3% | +111.1% |
| Volatility (ann.) | 15.3% | 22.1% |
| Beta vs S&P 500 | 0.85 | 0.61 |
| Max drawdown (3Y) | -18.7% | -27.0% |
| Market cap | $2.2B | $80.5B |
| P/E (trailing) | 4.5 | 38.5 |
| Dividend yield | 6.80% | 0.97% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EVT | MSI |
|---|---|---|
| 2022 | -17.3% | -3.8% |
| 2023 | +5.8% | +23.0% |
| 2024 | +17.4% | +49.1% |
| 2025 | +13.8% | -16.2% |
| 2026 | +20.8% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and MSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVT and MSI?
The EVT/MSI correlation stands at 0.45 on a 3-year window (1 year: 0.28, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is MSI a good diversifier for EVT?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-msi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evt-vs-msi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVT correlations · MSI correlations
