EXG vs RGT: Correlation
How closely do Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Royce Global Trust, Inc. (RGT) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and RGT?
Over the past 3 years, EXG and RGT moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 212.0 %².
By 3-year correlation, RGT places #12 of the 32 assets tracked against EXG. Neither side won the trailing year by much: +22.0% against +24.1%.
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 RGT: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | RGT (Royce Global Trust, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | +24.1% |
| 5-year return | +45.8% | +25.5% |
| Volatility (ann.) | 15.0% | 17.0% |
| Beta vs S&P 500 | 0.91 | 0.91 |
| Max drawdown (3Y) | -15.1% | -19.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | 4.5 | 5.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXG | RGT |
|---|---|---|
| 2022 | -22.2% | -33.1% |
| 2023 | +11.4% | +14.6% |
| 2024 | +16.1% | +14.4% |
| 2025 | +27.8% | +24.1% |
| 2026 | +10.7% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and RGT good diversifiers for each other?
No. With a correlation of 0.83, EXG and RGT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between EXG and RGT?
As of 2026-08-27, the correlation of weekly returns between EXG and RGT is 0.83 over 3 years, 0.80 over 1 year and 0.79 over 5 years.
Is RGT a good diversifier for EXG?
No. With a correlation of 0.83, EXG and RGT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EXG correlations · RGT correlations
