EXG vs VINP: Correlation
How closely do Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Vinci Compass Investments Ltd. - Class A (VINP) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and VINP?
Over the past 3 years, EXG and VINP moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 182.7 %².
Within EXG's tracked universe of 32 assets, VINP comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXG outperformed by 20.4 percentage points (+22.0% for EXG against +1.6% for VINP). Note the risk asymmetry: VINP runs 1.6 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 VINP: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | VINP (Vinci Compass Investments Ltd. - Class A) | |
|---|---|---|
| 1-year return | +22.0% | +1.6% |
| 5-year return | +45.8% | -3.1% |
| Volatility (ann.) | 15.0% | 24.6% |
| Beta vs S&P 500 | 0.91 | 0.76 |
| Max drawdown (3Y) | -15.1% | -28.9% |
| Market cap | – | $0.6B |
| P/E (trailing) | 4.5 | 13.9 |
| Dividend yield | 0.00% | 37.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXG | VINP |
|---|---|---|
| 2022 | -22.2% | -9.3% |
| 2023 | +11.4% | +30.5% |
| 2024 | +16.1% | -1.9% |
| 2025 | +27.8% | +37.4% |
| 2026 | +10.7% | -22.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and VINP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXG and VINP?
As of 2026-08-27, the correlation of weekly returns between EXG and VINP is 0.49 over 3 years, 0.55 over 1 year and 0.34 over 5 years.
Is VINP a good diversifier for EXG?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
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Related comparisons
Hubs: EXG correlations · VINP correlations
