EVV vs PPT: Correlation
Eaton Vance Limited Duration Income Fund (EVV) and Franklin Premier Income Trust Shares of Beneficial Interest (PPT) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVV and PPT?
Over the past 3 years, EVV and PPT moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 56.9 %².
Among the 23 assets we track against EVV, PPT ranks #11 by 3-year correlation. The trailing year gives PPT the advantage: -3.5% versus +2.4%, a 5.9-point spread.
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 PPT: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | PPT (Franklin Premier Income Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -3.5% | +2.4% |
| 5-year return | +11.4% | +15.6% |
| Volatility (ann.) | 10.2% | 8.6% |
| Beta vs S&P 500 | 0.41 | 0.24 |
| Max drawdown (3Y) | -9.5% | -5.9% |
| Market cap | – | – |
| P/E (trailing) | 14.7 | 11.1 |
| Dividend yield | 9.65% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | PPT |
|---|---|---|
| 2022 | -19.9% | -7.7% |
| 2023 | +13.3% | +7.4% |
| 2024 | +12.2% | +8.8% |
| 2025 | +10.7% | +8.4% |
| 2026 | -2.5% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVV and PPT good diversifiers for each other?
Only partially. A correlation of 0.65 means EVV and PPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVV and PPT?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.61 over the last year and 0.58 over 5 years.
Is PPT a good diversifier for EVV?
Only partially. A correlation of 0.65 means EVV and PPT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/evv-vs-ppt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evv-vs-ppt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVV correlations · PPT correlations
