EVT vs TROW: Correlation
Eaton Vance Tax Advantaged Dividend Income Fund (EVT) and T. Rowe Price (TROW) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVT and TROW?
Over the past 3 years, EVT and TROW moved with a correlation of 0.69, which is strong. The past 12 months show a weaker link (0.32) than the 3-year average (0.69). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 247.0 %².
By 3-year correlation, TROW places #18 of the 52 assets tracked against EVT. Correlation aside, the last 12 months split them widely, with EVT ahead by 20.7 points (+28.8% versus +8.1%). One caveat on sizing: TROW is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TROW: side by side
| EVT (Eaton Vance Tax Advantaged Dividend Income Fund) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +28.8% | +8.1% |
| 5-year return | +51.3% | -37.0% |
| Volatility (ann.) | 15.3% | 23.5% |
| Beta vs S&P 500 | 0.85 | 1.10 |
| Max drawdown (3Y) | -18.7% | -34.0% |
| Market cap | $2.2B | $24.0B |
| P/E (trailing) | 4.5 | 11.3 |
| Dividend yield | 6.80% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EVT | TROW |
|---|---|---|
| 2022 | -17.3% | -42.2% |
| 2023 | +5.8% | +3.4% |
| 2024 | +17.4% | +9.7% |
| 2025 | +13.8% | -4.7% |
| 2026 | +20.8% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVT and TROW good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EVT and TROW?
The EVT/TROW correlation stands at 0.69 on a 3-year window (1 year: 0.32, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is TROW a good diversifier for EVT?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evt-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evt-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVT correlations · TROW correlations
