Eaton Vance Floating-Rate ETF (EVLN) — Stock Correlations & Overview
Over the past year, EVLN has moved most closely with FTSM, EVSB, ARCM. Explore the stocks most correlated and inversely correlated with EVLN below, along with its price, financials, and company profile.
Stocks correlated with EVLN
Correlation of daily returns. Higher positive values move with EVLN; negative values move opposite it. Informational only, not investment advice.
Most correlated with EVLN
| Symbol | Company | Correlation |
|---|---|---|
| FTSM | First Trust Enhanced Short Maturity ETF | 0.64 |
| EVSB | Eaton Vance Ultra-Short Income ETF | 0.62 |
| ARCM | Arrow Reserve Capital Management ETF | 0.61 |
| UYLD | Angel Oak UltraShort Income ETF | 0.61 |
| LJUL | Innovator Premium Income 15 Buffer ETF - July | 0.59 |
Most inversely correlated with EVLN
| Symbol | Company | Correlation |
|---|---|---|
| CVX | Chevron CorporationPETROLEUM REFINING | -0.27 |
| BOIL | ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.26 |
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.26 |
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | -0.25 |
| BITI | ProShares Short Bitcoin ETF | -0.25 |
Frequently asked questions about EVLN correlations
- Which stocks are most correlated with EVLN?
- Based on one year of daily returns, the stocks most correlated with Eaton Vance Floating-Rate ETF (EVLN) are FTSM (0.64), EVSB (0.62) and ARCM (0.61). 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 EVLN?
- Over the past year, the stocks most inversely correlated with Eaton Vance Floating-Rate ETF (EVLN) are CVX (-0.27), BOIL (-0.26) and PHOE (-0.26). 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 EVLN correlations calculated?
- We compute the correlation of daily returns between EVLN 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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