BON vs JQC: Correlation
Measured on weekly returns over the past three years, Bon Natural Life Limited - Class A (BON) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and JQC?
Over the past 3 years, BON and JQC moved with a correlation of 0.32, which is moderate. The link has loosened recently: the 1-year correlation (0.12) runs below the 3-year figure (0.32). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 340.0 %².
Among the 12 assets we track against BON, JQC ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JQC ahead by 15.7 points (-18.0% versus -2.3%). Note the risk asymmetry: BON runs 8.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BON vs JQC: side by side
| BON (Bon Natural Life Limited - Class A) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | -18.0% | -2.3% |
| 5-year return | -100.0% | +26.7% |
| Volatility (ann.) | 94.3% | 11.1% |
| Beta vs S&P 500 | 1.69 | 0.41 |
| Max drawdown (3Y) | -99.4% | -15.4% |
| Market cap | – | – |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BON | JQC |
|---|---|---|
| 2022 | -76.2% | -14.2% |
| 2023 | -48.9% | +15.4% |
| 2024 | -67.2% | +22.3% |
| 2025 | -96.4% | -0.4% |
| 2026 | -28.3% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and JQC good diversifiers for each other?
Reasonably. At 0.32, BON and JQC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BON and JQC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.12 over the last year and 0.22 over 5 years.
Is JQC a good diversifier for BON?
Reasonably. At 0.32, BON and JQC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BON correlations · JQC correlations
