Which stocks are most correlated with EVT?

Based on one year of daily returns, the stocks most correlated with Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) are PRF (0.74), BVAL (0.74) and FEX (0.74). 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 EVT?

Over the past year, the stocks most inversely correlated with Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) are MYY (-0.69), SMDD (-0.69) and MZZ (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) — Stock Correlations & Overview

Over the past year, EVT has moved most closely with PRF, BVAL, FEX. Explore the stocks most correlated and inversely correlated with EVT below, along with its price, financials, and company profile.

Stocks correlated with EVT

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

Most correlated with EVT

Symbol	Company	Correlation
PRF	Invesco RAFI US 1000 ETF	0.74
BVAL	Bluemonte Large Cap Value ETF	0.74
FEX	First Trust Large Cap Core AlphaDEX Fund	0.74
CGVV	Capital Group U.S. Large Value ETF	0.74
MFUS	PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF	0.74

Most inversely correlated with EVT

Symbol	Company	Correlation
MYY	ProShares Short MidCap400	-0.69
SMDD	ProShares UltraPro Short MidCap400	-0.69
MZZ	ProShares UltraShort MidCap400	-0.69
SDS	ProShares UltraShort S&P500	-0.69
SPXU	ProShares UltraPro Short S&P 500	-0.69

Frequently asked questions about EVT correlations

Which stocks are most correlated with EVT?: Based on one year of daily returns, the stocks most correlated with Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) are PRF (0.74), BVAL (0.74) and FEX (0.74). 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 EVT?: Over the past year, the stocks most inversely correlated with Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) are MYY (-0.69), SMDD (-0.69) and MZZ (-0.69). 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 EVT correlations calculated?: We compute the correlation of daily returns between EVT 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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