EVV vs FINS: Correlation
How closely do Eaton Vance Limited Duration Income Fund (EVV) and Angel Oak Financial Strategies Income Term Trust (FINS) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVV and FINS?
On 3 years of weekly data the EVV/FINS correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.63 over 3. The 5-year figure is 0.49, and annualized covariance runs at 53.0 %².
By 3-year correlation, FINS places #13 of the 23 assets tracked against EVV. On 12-month performance FINS holds a 9.7-point edge, -3.5% against +6.2%.
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.
EVV vs FINS: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | FINS (Angel Oak Financial Strategies Income Term Trust) | |
|---|---|---|
| 1-year return | -3.5% | +6.2% |
| 5-year return | +11.4% | +12.5% |
| Volatility (ann.) | 10.2% | 8.2% |
| Beta vs S&P 500 | 0.41 | 0.28 |
| Max drawdown (3Y) | -9.5% | -6.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | 14.7 | 7.6 |
| Dividend yield | 9.65% | 10.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | FINS |
|---|---|---|
| 2022 | -19.9% | -18.2% |
| 2023 | +13.3% | +2.5% |
| 2024 | +12.2% | +18.3% |
| 2025 | +10.7% | +15.2% |
| 2026 | -2.5% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVV and FINS good diversifiers for each other?
To a limited degree. At 0.63 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 EVV and FINS?
As of 2026-08-27, the correlation of weekly returns between EVV and FINS is 0.63 over 3 years, 0.71 over 1 year and 0.49 over 5 years.
Is FINS a good diversifier for EVV?
To a limited degree. At 0.63 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 0.63 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/evv-vs-fins.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evv-vs-fins/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVV correlations · FINS correlations
