EXG vs GLSI: Correlation
Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Greenwich LifeSciences, Inc. (GLSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and GLSI?
On 3 years of weekly data the EXG/GLSI correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.35 over 3. The 5-year figure is 0.34, and annualized covariance runs at 389.2 %².
GLSI is close to the least connected end of EXG's tracked universe, ranking #29 of 32. Their recent paths diverged sharply: over the last 12 months GLSI outperformed by 38.5 percentage points (+22.0% for EXG against +60.5% for GLSI). Risk is not evenly split, since GLSI carries 4.9 times the volatility of the other side.
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.
EXG vs GLSI: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | GLSI (Greenwich LifeSciences, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +60.5% |
| 5-year return | +45.8% | -52.7% |
| Volatility (ann.) | 15.0% | 73.1% |
| Beta vs S&P 500 | 0.91 | 1.76 |
| Max drawdown (3Y) | -15.1% | -61.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXG | GLSI |
|---|---|---|
| 2022 | -22.2% | -37.5% |
| 2023 | +11.4% | -30.8% |
| 2024 | +16.1% | +6.7% |
| 2025 | +27.8% | +87.1% |
| 2026 | +10.7% | -10.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and GLSI good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXG and GLSI?
The EXG/GLSI correlation stands at 0.35 on a 3-year window (1 year: 0.36, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is GLSI a good diversifier for EXG?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/exg-vs-glsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exg-vs-glsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXG correlations · GLSI correlations
