CVR vs JQC: Correlation
Chicago Rivet & Machine Co. (CVR) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and JQC?
Across a 3-year window, the weekly returns of CVR and JQC correlate at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.33). Stretching to 5 years gives 0.21, with an annualized covariance of 185.7 %².
Few assets follow CVR as closely as JQC, which ranks #3 of 11 tracked partners. Twelve-month performance is nearly a tie, at +1.0% for CVR and -2.3% for JQC. Risk is not evenly split, since CVR carries 4.6 times the volatility of the other side.
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.
CVR vs JQC: side by side
| CVR (Chicago Rivet & Machine Co.) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | +1.0% | -2.3% |
| 5-year return | -56.4% | +26.7% |
| Volatility (ann.) | 50.8% | 11.1% |
| Beta vs S&P 500 | 0.97 | 0.41 |
| Max drawdown (3Y) | -58.1% | -15.4% |
| Market cap | – | – |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.87% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVR | JQC |
|---|---|---|
| 2022 | +12.5% | -14.2% |
| 2023 | -39.0% | +15.4% |
| 2024 | -4.8% | +22.3% |
| 2025 | -11.3% | -0.4% |
| 2026 | -27.2% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and JQC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVR and JQC?
As of 2026-08-27, the correlation of weekly returns between CVR and JQC is 0.33 over 3 years, 0.17 over 1 year and 0.21 over 5 years.
Is JQC a good diversifier for CVR?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvr-vs-jqc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvr-vs-jqc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVR correlations · JQC correlations
