EXG vs VT: Correlation
How closely do Eaton Vance Tax-Managed Global Diversified Equity Income (EXG) and Vanguard Total World Stock ETF (VT) trade together? Their weekly returns over three years give a correlation of 0.92, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXG and VT?
Across a 3-year window, the weekly returns of EXG and VT correlate at 0.92, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.92 over 3. Stretching to 5 years gives 0.88, with an annualized covariance of 191.3 %².
Within EXG's tracked universe of 32 assets, VT comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +22.0% for EXG and +22.7% for VT.
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 VT: side by side
| EXG (Eaton Vance Tax-Managed Global Diversified Equity Income) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +22.0% | +22.7% |
| 5-year return | +45.8% | +67.7% |
| Volatility (ann.) | 15.0% | 13.9% |
| Beta vs S&P 500 | 0.91 | 0.92 |
| Max drawdown (3Y) | -15.1% | -16.5% |
| Market cap | – | – |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | EXG | VT |
|---|---|---|
| 2022 | -22.2% | -18.0% |
| 2023 | +11.4% | +22.0% |
| 2024 | +16.1% | +16.5% |
| 2025 | +27.8% | +22.4% |
| 2026 | +10.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXG and VT good diversifiers for each other?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EXG and VT?
As of 2026-08-27, the correlation of weekly returns between EXG and VT is 0.92 over 3 years, 0.88 over 1 year and 0.88 over 5 years.
Is VT a good diversifier for EXG?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.92 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 · VT correlations
