EFR vs JFR: Correlation
How closely do Eaton Vance Senior Floating-Rate Fund (EFR) and Nuveen Floating Rate Income Fund (JFR) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFR and JFR?
On 3 years of weekly data the EFR/JFR correlation comes out at 0.73, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 76.1 %².
Within EFR's tracked universe of 16 assets, JFR comes in at #5 by 3-year correlation. Neither side won the trailing year by much: -2.3% against +2.3%.
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.
EFR vs JFR: side by side
| EFR (Eaton Vance Senior Floating-Rate Fund) | JFR (Nuveen Floating Rate Income Fund) | |
|---|---|---|
| 1-year return | -2.3% | +2.3% |
| 5-year return | +16.8% | +31.7% |
| Volatility (ann.) | 10.7% | 9.7% |
| Beta vs S&P 500 | 0.45 | 0.35 |
| Max drawdown (3Y) | -18.3% | -15.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | 20.6 | 22.4 |
| Dividend yield | 9.21% | 13.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFR | JFR |
|---|---|---|
| 2022 | -18.8% | -15.1% |
| 2023 | +29.2% | +16.7% |
| 2024 | +11.3% | +21.9% |
| 2025 | -4.9% | -0.7% |
| 2026 | -0.4% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFR and JFR good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EFR and JFR?
As of 2026-08-27, the correlation of weekly returns between EFR and JFR is 0.73 over 3 years, 0.78 over 1 year and 0.74 over 5 years.
Is JFR a good diversifier for EFR?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 mean?
A reading of 0.73 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/efr-vs-jfr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/efr-vs-jfr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFR correlations · JFR correlations
