EVV vs VLT: Correlation
Eaton Vance Limited Duration Income Fund (EVV) and Invesco High Income Trust II (VLT) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVV and VLT?
On 3 years of weekly data the EVV/VLT correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.77 over 3. The 5-year figure is 0.73, and annualized covariance runs at 78.5 %².
VLT is one of the assets that tracks EVV most closely: it ranks #3 out of the 23 assets we track against EVV. Their 12-month results are close: -3.5% for EVV against -1.3% for VLT.
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 VLT: side by side
| EVV (Eaton Vance Limited Duration Income Fund) | VLT (Invesco High Income Trust II) | |
|---|---|---|
| 1-year return | -3.5% | -1.3% |
| 5-year return | +11.4% | +12.4% |
| Volatility (ann.) | 10.2% | 10.0% |
| Beta vs S&P 500 | 0.41 | 0.47 |
| Max drawdown (3Y) | -9.5% | -13.4% |
| Market cap | – | – |
| P/E (trailing) | 14.7 | 13.9 |
| Dividend yield | 9.65% | 11.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVV | VLT |
|---|---|---|
| 2022 | -19.9% | -20.9% |
| 2023 | +13.3% | +13.1% |
| 2024 | +12.2% | +17.3% |
| 2025 | +10.7% | +13.2% |
| 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 VLT good diversifiers for each other?
Only partially. A correlation of 0.77 means EVV and VLT 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 VLT?
As of 2026-08-27, the correlation of weekly returns between EVV and VLT is 0.77 over 3 years, 0.75 over 1 year and 0.73 over 5 years.
Is VLT a good diversifier for EVV?
Only partially. A correlation of 0.77 means EVV and VLT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 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-vlt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/evv-vs-vlt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVV correlations · VLT correlations
