EVV vs PDI: Correlation
Eaton Vance Limited Duration Income Fund (EVV) and PIMCO Dynamic Income Fund (PDI) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVV and PDI?
On 3 years of weekly data the EVV/PDI correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.71 over 3. The 5-year figure is 0.66, and annualized covariance runs at 103.2 %².
Within EVV's tracked universe of 23 assets, PDI comes in at #8 by 3-year correlation. Their 12-month results are close: -3.5% for EVV against -7.6% for PDI.
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 PDI: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | PDI (PIMCO Dynamic Income Fund) | |
|---|---|---|
| 1-year return | -3.5% | -7.6% |
| 5-year return | +11.4% | +11.0% |
| Volatility (ann.) | 10.2% | 14.3% |
| Beta vs S&P 500 | 0.41 | 0.52 |
| Max drawdown (3Y) | -9.5% | -14.4% |
| Market cap | – | $7.1B |
| P/E (trailing) | 14.7 | 7.5 |
| Dividend yield | 9.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | PDI |
|---|---|---|
| 2022 | -19.9% | -17.0% |
| 2023 | +13.3% | +12.0% |
| 2024 | +12.2% | +17.2% |
| 2025 | +10.7% | +11.1% |
| 2026 | -2.5% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVV and PDI good diversifiers for each other?
To a limited degree. At 0.71 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 PDI?
The EVV/PDI correlation stands at 0.71 on a 3-year window (1 year: 0.61, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PDI a good diversifier for EVV?
To a limited degree. At 0.71 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 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evv-vs-pdi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evv-vs-pdi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVV correlations · PDI correlations
