EXG vs ROK: Correlation
How closely do Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Rockwell Automation (ROK) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and ROK?
Over the past 3 years, EXG and ROK moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 224.8 %².
Among the 32 assets we track against EXG, ROK ranks #19 by 3-year correlation. Neither side won the trailing year by much: +22.0% against +25.7%. Risk is not evenly split, since ROK carries 1.9 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 ROK: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | ROK (Rockwell Automation) | |
|---|---|---|
| 1-year return | +22.0% | +25.7% |
| 5-year return | +45.8% | +44.9% |
| Volatility (ann.) | 15.0% | 27.9% |
| Beta vs S&P 500 | 0.91 | 0.97 |
| Max drawdown (3Y) | -15.1% | -29.0% |
| Market cap | – | $48.2B |
| P/E (trailing) | 4.5 | 40.6 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EXG | ROK |
|---|---|---|
| 2022 | -22.2% | -24.8% |
| 2023 | +11.4% | +22.6% |
| 2024 | +16.1% | -6.2% |
| 2025 | +27.8% | +38.4% |
| 2026 | +10.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and ROK good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXG and ROK?
As of 2026-08-27, the correlation of weekly returns between EXG and ROK is 0.54 over 3 years, 0.53 over 1 year and 0.59 over 5 years.
Is ROK a good diversifier for EXG?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
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Related comparisons
Hubs: EXG correlations · ROK correlations
