CRF vs JCE: Correlation
How closely do Cornerstone Total Return Fund, Inc. (The) (CRF) and Nuveen Core Equity Alpha Fund (JCE) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRF and JCE?
Across a 3-year window, the weekly returns of CRF and JCE correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 222.6 %².
Among the 12 assets we track against CRF, JCE ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months JCE outperformed by 19.8 percentage points (-1.7% for CRF against +18.1% for JCE).
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.
CRF vs JCE: side by side
| CRF (Cornerstone Total Return Fund, Inc. (The)) | JCE (Nuveen Core Equity Alpha Fund) | |
|---|---|---|
| 1-year return | -1.7% | +18.1% |
| 5-year return | +29.2% | +72.6% |
| Volatility (ann.) | 21.5% | 15.7% |
| Beta vs S&P 500 | 0.91 | 0.91 |
| Max drawdown (3Y) | -29.6% | -19.0% |
| Market cap | $1.1B | – |
| P/E (trailing) | 6.3 | 6.3 |
| Dividend yield | 21.80% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRF | JCE |
|---|---|---|
| 2022 | -36.7% | -14.3% |
| 2023 | +19.4% | +10.7% |
| 2024 | +44.5% | +27.9% |
| 2025 | +12.5% | +9.1% |
| 2026 | -9.2% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRF and JCE good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRF and JCE?
As of 2026-08-27, the correlation of weekly returns between CRF and JCE is 0.66 over 3 years, 0.63 over 1 year and 0.46 over 5 years.
Is JCE a good diversifier for CRF?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crf-vs-jce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/crf-vs-jce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRF correlations · JCE correlations
