EVT vs SCD: Correlation
Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and LMP Capital and Income Fund Inc. (SCD) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and SCD?
On 3 years of weekly data the EVT/SCD correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 196.8 %².
By 3-year correlation, SCD places #14 of the 52 assets tracked against EVT. Correlation aside, the last 12 months split them widely, with EVT ahead by 17.9 points (+28.8% versus +10.9%).
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 SCD: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | SCD (LMP Capital and Income Fund Inc.) | |
|---|---|---|
| 1-year return | +28.8% | +10.9% |
| 5-year return | +51.3% | +68.6% |
| Volatility (ann.) | 15.3% | 17.4% |
| Beta vs S&P 500 | 0.85 | 0.81 |
| Max drawdown (3Y) | -18.7% | -21.8% |
| Market cap | $2.2B | $0.4B |
| P/E (trailing) | 4.5 | 5.1 |
| Dividend yield | 6.80% | 9.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVT | SCD |
|---|---|---|
| 2022 | -17.3% | -14.0% |
| 2023 | +5.8% | +27.9% |
| 2024 | +17.4% | +33.7% |
| 2025 | +13.8% | -5.7% |
| 2026 | +20.8% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and SCD good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVT and SCD?
As of 2026-08-27, the correlation of weekly returns between EVT and SCD is 0.74 over 3 years, 0.65 over 1 year and 0.81 over 5 years.
Is SCD a good diversifier for EVT?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 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
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Related comparisons
Hubs: EVT correlations · SCD correlations
