EXG vs LGI: Correlation
Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Lazard Global Total Return and Income Fund (LGI) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and LGI?
On 3 years of weekly data the EXG/LGI correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 220.0 %².
Within EXG's tracked universe of 32 assets, LGI comes in at #14 by 3-year correlation. Over the last 12 months EXG came out ahead by 6.7 percentage points (+22.0% against +15.3%).
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 LGI: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | LGI (Lazard Global Total Return and Income Fund) | |
|---|---|---|
| 1-year return | +22.0% | +15.3% |
| 5-year return | +45.8% | +38.1% |
| Volatility (ann.) | 15.0% | 18.2% |
| Beta vs S&P 500 | 0.91 | 0.97 |
| Max drawdown (3Y) | -15.1% | -22.0% |
| Market cap | – | – |
| P/E (trailing) | 4.5 | 7.2 |
| Dividend yield | 0.00% | 9.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXG | LGI |
|---|---|---|
| 2022 | -22.2% | -20.6% |
| 2023 | +11.4% | +12.8% |
| 2024 | +16.1% | +14.4% |
| 2025 | +27.8% | +21.3% |
| 2026 | +10.7% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and LGI good diversifiers for each other?
No: a correlation of 0.80 means EXG and LGI tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EXG and LGI?
The EXG/LGI correlation stands at 0.80 on a 3-year window (1 year: 0.79, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is LGI a good diversifier for EXG?
No: a correlation of 0.80 means EXG and LGI tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/exg-vs-lgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exg-vs-lgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXG correlations · LGI correlations
