EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST (ETX) — Stock Correlations & Overview
Over the past year, ETX has moved most closely with BEPH, CBOO, HXHX. Explore the stocks most correlated and inversely correlated with ETX below, along with its price, financials, and company profile.
Stocks correlated with ETX
Correlation of daily returns. Higher positive values move with ETX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ETX
| Symbol | Company | Correlation |
|---|---|---|
| BEPH | Brookfield BRP Holdings (Canada) Inc. 4.625% Perpetual Subordinated Notes | 0.26 |
| CBOO | Calamos Bitcoin Structured Alt Protection ETF - October | 0.24 |
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | 0.24 |
| CSTL | Castle Biosciences, Inc. Common StockSERVICES-MEDICAL LABORATORIES | 0.24 |
| NULC | Nuveen ESG Large-Cap ETF | 0.24 |
Most inversely correlated with ETX
| Symbol | Company | Correlation |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| LCUT | Lifetime Brands, Inc.CUTLERY, HANDTOOLS & GENERAL HARDWARE | -0.22 |
| RDAC | Rising Dragon Acquisition Corp. Ordinary SharesBLANK CHECKS | -0.21 |
| BTBD | BT Brands, Inc. Common StockRETAIL-EATING PLACES | -0.20 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.19 |
Frequently asked questions about ETX correlations
- Which stocks are most correlated with ETX?
- Based on one year of daily returns, the stocks most correlated with EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST (ETX) are BEPH (0.26), CBOO (0.24) and HXHX (0.24). 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 ETX?
- Over the past year, the stocks most inversely correlated with EATON VANCE MUNICIPAL INCOME 2028 TERM TRUST (ETX) are UUP (-0.26), LCUT (-0.22) and RDAC (-0.21). 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 ETX correlations calculated?
- We compute the correlation of daily returns between ETX 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.
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