EVV vs RA: Correlation
Eaton Vance Limited Duration Income Fund (EVV) and Brookfield Real Assets Income Fund Inc. (RA) 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 RA?
Across a 3-year window, the weekly returns of EVV and RA correlate at 0.65, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.65 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 58.9 %².
Among the 23 assets we track against EVV, RA ranks #12 by 3-year correlation. On 12-month performance RA holds a 8.1-point edge, -3.5% against +4.6%.
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 RA: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | RA (Brookfield Real Assets Income Fund Inc.) | |
|---|---|---|
| 1-year return | -3.5% | +4.6% |
| 5-year return | +11.4% | +3.5% |
| Volatility (ann.) | 10.2% | 8.8% |
| Beta vs S&P 500 | 0.41 | 0.32 |
| Max drawdown (3Y) | -9.5% | -27.7% |
| Market cap | – | $0.7B |
| P/E (trailing) | 14.7 | 11.3 |
| Dividend yield | 9.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | RA |
|---|---|---|
| 2022 | -19.9% | -13.5% |
| 2023 | +13.3% | -9.0% |
| 2024 | +12.2% | +15.9% |
| 2025 | +10.7% | +8.3% |
| 2026 | -2.5% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVV and RA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVV and RA?
The EVV/RA correlation stands at 0.65 on a 3-year window (1 year: 0.74, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is RA a good diversifier for EVV?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-ra.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evv-vs-ra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVV correlations · RA correlations
