EVT vs TDY: Correlation
Measured on weekly returns over the past three years, Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and Teledyne Technologies (TDY) 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 TDY?
Over the past 3 years, EVT and TDY moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 183.0 %².
Among the 52 assets we track against EVT, TDY ranks #35 by 3-year correlation. On 12-month performance EVT holds a 13.1-point edge, +28.8% against +15.7%.
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 TDY: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | +28.8% | +15.7% |
| 5-year return | +51.3% | +36.5% |
| Volatility (ann.) | 15.3% | 22.0% |
| Beta vs S&P 500 | 0.85 | 0.76 |
| Max drawdown (3Y) | -18.7% | -18.8% |
| Market cap | $2.2B | $29.0B |
| P/E (trailing) | 4.5 | 30.7 |
| Dividend yield | 6.80% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EVT | TDY |
|---|---|---|
| 2022 | -17.3% | -8.5% |
| 2023 | +5.8% | +11.6% |
| 2024 | +17.4% | +4.0% |
| 2025 | +13.8% | +10.0% |
| 2026 | +20.8% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and TDY good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVT and TDY?
As of 2026-08-27, the correlation of weekly returns between EVT and TDY is 0.54 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is TDY a good diversifier for EVT?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evt-vs-tdy/)
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Related comparisons
Hubs: EVT correlations · TDY correlations
