Which stocks are most correlated with EVG?

Based on one year of daily returns, the stocks most correlated with Eaton Vance Short Duration Diversified Income Fund (EVG) are EVV (0.56), EXG (0.55) and FRA (0.54). 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 EVG?

Over the past year, the stocks most inversely correlated with Eaton Vance Short Duration Diversified Income Fund (EVG) are EFZ (-0.38), SPDN (-0.37) and EPV (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.

Eaton Vance Short Duration Diversified Income Fund (EVG) — Stock Correlations & Overview

Over the past year, EVG has moved most closely with EVV, EXG, FRA. Explore the stocks most correlated and inversely correlated with EVG below, along with its price, financials, and company profile.

Stocks correlated with EVG

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

Most correlated with EVG

Symbol	Company	Correlation
EVV	Eaton Vance Limited Duration Income Fund	0.56
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund	0.55
FRA	Blackrock Floating Rate Income Strategies Fund, Inc.	0.54
CCEF	Calamos CEF Income & Arbitrage ETF	0.53
BIT	BLACKROCK MULTI-SECTOR INCOME TRUST	0.53

Most inversely correlated with EVG

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.38
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.37
EPV	ProShares UltraShort FTSE Europe	-0.37
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.37
SPXU	ProShares UltraPro Short S&P 500	-0.36

Frequently asked questions about EVG correlations

Which stocks are most correlated with EVG?: Based on one year of daily returns, the stocks most correlated with Eaton Vance Short Duration Diversified Income Fund (EVG) are EVV (0.56), EXG (0.55) and FRA (0.54). 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 EVG?: Over the past year, the stocks most inversely correlated with Eaton Vance Short Duration Diversified Income Fund (EVG) are EFZ (-0.38), SPDN (-0.37) and EPV (-0.37). 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 EVG correlations calculated?: We compute the correlation of daily returns between EVG 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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