EVV vs ISD: Correlation
Measured on weekly returns over the past three years, Eaton Vance Limited Duration Income Fund (EVV) and PGIM High Yield Bond Fund, Inc. (ISD) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVV and ISD?
Across a 3-year window, the weekly returns of EVV and ISD correlate at 0.77, strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 99.3 %².
ISD is one of the assets that tracks EVV most closely: it ranks #2 out of the 23 assets we track against EVV. Twelve-month performance is nearly a tie, at -3.5% for EVV and -7.0% for ISD.
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 ISD: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | ISD (PGIM High Yield Bond Fund, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | -7.0% |
| 5-year return | +11.4% | +21.1% |
| Volatility (ann.) | 10.2% | 12.7% |
| Beta vs S&P 500 | 0.41 | 0.50 |
| Max drawdown (3Y) | -9.5% | -13.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | 14.7 | 10.5 |
| Dividend yield | 9.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | ISD |
|---|---|---|
| 2022 | -19.9% | -18.4% |
| 2023 | +13.3% | +15.1% |
| 2024 | +12.2% | +22.1% |
| 2025 | +10.7% | +15.6% |
| 2026 | -2.5% | -9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVV and ISD good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVV and ISD?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.82 over the last year and 0.76 over 5 years.
Is ISD a good diversifier for EVV?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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-isd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evv-vs-isd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVV correlations · ISD correlations
