EXG vs IDXX: Correlation
Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Idexx Laboratories (IDXX) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and IDXX?
On 3 years of weekly data the EXG/IDXX correlation comes out at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.52 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 241.4 %².
Within EXG's tracked universe of 32 assets, IDXX comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXG ahead by 36.9 points (+22.0% versus -14.9%). Note the risk asymmetry: IDXX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IDXX: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | IDXX (Idexx Laboratories) | |
|---|---|---|
| 1-year return | +22.0% | -14.9% |
| 5-year return | +45.8% | -20.7% |
| Volatility (ann.) | 15.0% | 30.9% |
| Beta vs S&P 500 | 0.91 | 1.01 |
| Max drawdown (3Y) | -15.1% | -37.4% |
| Market cap | – | $42.9B |
| P/E (trailing) | 4.5 | 38.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EXG | IDXX |
|---|---|---|
| 2022 | -22.2% | -38.0% |
| 2023 | +11.4% | +36.1% |
| 2024 | +16.1% | -25.5% |
| 2025 | +27.8% | +63.6% |
| 2026 | +10.7% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and IDXX good diversifiers for each other?
To a limited degree. At 0.52 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 EXG and IDXX?
As of 2026-08-27, the correlation of weekly returns between EXG and IDXX is 0.52 over 3 years, 0.39 over 1 year and 0.53 over 5 years.
Is IDXX a good diversifier for EXG?
To a limited degree. At 0.52 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 0.52 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-idxx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exg-vs-idxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXG correlations · IDXX correlations
