Which stocks are most correlated with ETV?

Based on one year of daily returns, the stocks most correlated with Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) are EOS (0.83), ETB (0.83) and EOI (0.81). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with ETV?

Over the past year, the stocks most inversely correlated with Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) are SPXS (-0.78), SPXU (-0.78) and SPDN (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) — Stock Correlations & Overview

Over the past year, ETV has moved most closely with EOS, ETB, EOI. Explore the stocks most correlated and inversely correlated with ETV below, along with its price, financials, and company profile.

Stocks correlated with ETV

Correlation of daily returns. Higher positive values move with ETV; negative values move opposite it. Informational only, not investment advice.

Most correlated with ETV

Symbol	Company	Correlation
EOS	Eaton Vance Enhance Equity Income Fund II	0.83
ETB	Eaton Vance Tax-Managed Buy-Write Income Fund	0.83
EOI	Eaton Vance Enhanced Equity Income Fund	0.81
CSQ	Calamos Strategic Total Return Fund	0.81
ETJ	Eaton Vance Risk - Managed Diversified Equity Income Fund	0.80

Most inversely correlated with ETV

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.78
SPXU	ProShares UltraPro Short S&P 500	-0.78
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.78
SDS	ProShares UltraShort S&P500	-0.77
SH	ProShares Short S&P500	-0.76

Frequently asked questions about ETV correlations

Which stocks are most correlated with ETV?: Based on one year of daily returns, the stocks most correlated with Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) are EOS (0.83), ETB (0.83) and EOI (0.81). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with ETV?: Over the past year, the stocks most inversely correlated with Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) are SPXS (-0.78), SPXU (-0.78) and SPDN (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these ETV correlations calculated?: We compute the correlation of daily returns between ETV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.