EVT vs SGMT: Correlation
Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Sagimet Biosciences Inc. - Series A (SGMT) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and SGMT?
Across a 3-year window, the weekly returns of EVT and SGMT correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 866.7 %².
Within EVT's tracked universe of 52 assets, SGMT comes in at #47 by 3-year correlation. Over the last 12 months SGMT came out ahead by 9.4 percentage points (+28.8% against +38.2%). Risk is not evenly split, since SGMT carries 8.2 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 SGMT: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | SGMT (Sagimet Biosciences Inc. - Series A) | |
|---|---|---|
| 1-year return | +28.8% | +38.2% |
| 5-year return | +51.3% | n/a |
| Volatility (ann.) | 15.3% | 126.2% |
| Beta vs S&P 500 | 0.85 | 3.24 |
| Max drawdown (3Y) | -18.7% | -89.7% |
| Market cap | $2.2B | $0.7B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 6.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVT | SGMT |
|---|---|---|
| 2022 | -17.3% | – |
| 2023 | +5.8% | – |
| 2024 | +17.4% | -17.0% |
| 2025 | +13.8% | +31.6% |
| 2026 | +20.8% | +81.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and SGMT good diversifiers for each other?
Reasonably. At 0.45, EVT and SGMT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVT and SGMT?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is SGMT a good diversifier for EVT?
Reasonably. At 0.45, EVT and SGMT 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-sgmt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evt-vs-sgmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVT correlations · SGMT correlations
