EVT vs RMD: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and ResMed (RMD) 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 RMD?
Across a 3-year window, the weekly returns of EVT and RMD 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 0.49, with an annualized covariance of 215.5 %².
By 3-year correlation, RMD places #46 of the 52 assets tracked against EVT. Their recent paths diverged sharply: over the last 12 months EVT outperformed by 44.3 percentage points (+28.8% for EVT against -15.5% for RMD). Note the risk asymmetry: RMD runs 2.0 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 RMD: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | RMD (ResMed) | |
|---|---|---|
| 1-year return | +28.8% | -15.5% |
| 5-year return | +51.3% | -14.6% |
| Volatility (ann.) | 15.3% | 31.2% |
| Beta vs S&P 500 | 0.85 | 0.79 |
| Max drawdown (3Y) | -18.7% | -37.3% |
| Market cap | $2.2B | $34.0B |
| P/E (trailing) | 4.5 | 22.6 |
| Dividend yield | 6.80% | 1.02% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EVT | RMD |
|---|---|---|
| 2022 | -17.3% | -19.5% |
| 2023 | +5.8% | -16.5% |
| 2024 | +17.4% | +34.2% |
| 2025 | +13.8% | +6.3% |
| 2026 | +20.8% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and RMD good diversifiers for each other?
Reasonably. At 0.45, EVT and RMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVT and RMD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.28 over the last year and 0.49 over 5 years.
Is RMD a good diversifier for EVT?
Reasonably. At 0.45, EVT and RMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evt-vs-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evt-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVT correlations · RMD correlations
