EXG vs MIST: Correlation
Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Milestone Pharmaceuticals Inc. (MIST) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and MIST?
On 3 years of weekly data the EXG/MIST correlation comes out at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.44 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 600.3 %².
Out of 32 assets tracked against EXG, MIST lands near the bottom at #28. Correlation aside, the last 12 months split them widely, with EXG ahead by 54.8 points (+22.0% versus -32.8%). One caveat on sizing: MIST is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MIST: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | MIST (Milestone Pharmaceuticals Inc.) | |
|---|---|---|
| 1-year return | +22.0% | -32.8% |
| 5-year return | +45.8% | -80.4% |
| Volatility (ann.) | 15.0% | 91.2% |
| Beta vs S&P 500 | 0.91 | 2.57 |
| Max drawdown (3Y) | -15.1% | -80.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXG | MIST |
|---|---|---|
| 2022 | -22.2% | -39.5% |
| 2023 | +11.4% | -57.8% |
| 2024 | +16.1% | +41.3% |
| 2025 | +27.8% | -14.4% |
| 2026 | +10.7% | -41.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and MIST good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXG and MIST?
As of 2026-08-27, the correlation of weekly returns between EXG and MIST is 0.44 over 3 years, 0.57 over 1 year and 0.34 over 5 years.
Is MIST a good diversifier for EXG?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/exg-vs-mist.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exg-vs-mist/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXG correlations · MIST correlations
