Eaton Vance Correlations

EOS Etf

USD 23.85 0.09 0.38%

The current 90-days correlation between Eaton Vance Enhanced and Columbia Seligman Premium is 0.67 (i.e., Poor diversification). The correlation of Eaton Vance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Eaton Vance Correlation With Market

Poor diversification

The correlation between Eaton Vance Enhanced and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance Enhanced and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eaton Etf

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Enhanced. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Eaton Etf

0.9	PRME	Prime Medicine, Common	Pair Corr
0.86	SHLD	Global X Defense	Pair Corr
0.92	INFO	Harbor ETF Trust	Pair Corr
0.9	XIDE	First Trust Exchange	Pair Corr
0.63	AIS	Tidal Trust III	Pair Corr
0.82	IG	Principal Exchange	Pair Corr
0.91	WINN	Harbor Long Term	Pair Corr
0.73	PAMC	Pacer Lunt MidCap	Pair Corr
0.89	PWV	Invesco Dynamic Large	Pair Corr
0.92	PIZ	Invesco DWA Developed	Pair Corr
0.92	PWB	Invesco Dynamic Large	Pair Corr
0.89	IWO	iShares Russell 2000	Pair Corr
0.88	VTWO	Vanguard Russell 2000	Pair Corr
0.84	GNR	SPDR SP Global	Pair Corr
0.74	DRUP	GraniteShares ETF Trust	Pair Corr
0.91	SMMD	iShares Russell 2500 Low Volatility	Pair Corr
0.93	VOO	Vanguard SP 500	Pair Corr
0.92	DJAN	First Trust Exchange	Pair Corr
0.92	DUSL	Direxion Daily Indus	Pair Corr
0.83	JAAA	Janus Detroit Street	Pair Corr
0.92	NZUS	SPDR MSCI USA	Pair Corr
0.93	BDIV	ETF Series Solutions	Pair Corr
0.77	GBF	IShares GovernmentCredit	Pair Corr
0.76	EGGS	Tidal Trust III	Pair Corr
0.83	BSJQ	Invesco BulletShares 2026	Pair Corr
0.76	EGGY	Tidal Trust III	Pair Corr
0.91	VTV	Vanguard Value Index	Pair Corr
0.96	EGGQ	NestYield Visionary ETF	Pair Corr
0.86	BGR	BlackRock Energy	Pair Corr
0.64	RWX	SPDR Dow Jones	Pair Corr
0.82	SFIG	WisdomTree Short Term	Pair Corr
0.95	SOXX	iShares Semiconductor ETF	Pair Corr

Related Correlations Analysis

	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM
META		0.89	0.52	0.67	0.56	0.48	-0.75	0.76	0.59	0.31	META
MSFT	0.89		0.53	0.72	0.32	0.41	-0.65	0.91	0.63	0.42	MSFT
UBER	0.52	0.53		0.85	0.47	0.55	-0.19	0.66	0.68	0.4	UBER
F	0.67	0.72	0.85		0.51	0.63	-0.44	0.81	0.84	0.57	F
T	0.56	0.32	0.47	0.51		0.57	-0.44	0.38	0.63	0.21	T
A	0.48	0.41	0.55	0.63	0.57		-0.11	0.54	0.75	0.67	A
CRM	-0.75	-0.65	-0.19	-0.44	-0.44	-0.11		-0.44	-0.4	-0.06	CRM
JPM	0.76	0.91	0.66	0.81	0.38	0.54	-0.44		0.73	0.52	JPM
MRK	0.59	0.63	0.68	0.84	0.63	0.75	-0.4	0.73		0.64	MRK
XOM	0.31	0.42	0.4	0.57	0.21	0.67	-0.06	0.52	0.64		XOM
	META	MSFT	UBER	F	T	A	CRM	JPM	MRK	XOM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

JPM	+ 0.91	MSFT
MSFT	+ 0.89	META
F	+ 0.85	UBER
MRK	+ 0.84	F
JPM	+ 0.81	F
JPM	+ 0.76	META

High negative correlations

CRM	- 0.75	META
CRM	- 0.65	MSFT
JPM	- 0.44	CRM
CRM	- 0.44	T
CRM	- 0.44	F
MRK	- 0.4	CRM

Eaton Vance Competition Risk-Adjusted Indicators

There is a big difference between Eaton Etf performing well and Eaton Vance ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Eaton Vance's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
META	1.39	0.17	0.12	0.30	1.12	(1.70)	3.16	(2.27)	14.28
MSFT	0.71	0.11	0.06	0.35	0.60	(0.81)	1.80	(1.42)	5.71
UBER	1.37	0.04	0.00	0.18	1.57	(1.49)	2.72	(2.02)	11.37
F	1.28	0.08	0.06	0.18	1.45	(1.32)	2.55	(2.36)	7.46
T	0.76	0.02	(0.05)	0.15	0.98	(0.75)	1.63	(1.96)	5.41
A	1.38	(0.04)	0.02	0.09	1.64	(1.45)	2.82	(2.46)	9.19
CRM	1.23	(0.34)	0.00	(0.15)	0.00	0.00	2.32	(3.26)	6.27
JPM	0.81	0.08	0.07	0.19	0.82	(0.91)	1.78	(1.36)	5.19
MRK	1.16	0.07	0.04	0.19	1.42	(1.12)	2.90	(2.36)	7.79
XOM	0.99	0.12	0.01	1.31	1.23	(0.99)	2.14	(2.07)	6.25

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