EFR vs JQC: Correlation
Eaton Vance Senior Floating-Rate Fund (EFR) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFR and JQC?
Across a 3-year window, the weekly returns of EFR and JQC correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 86.6 %².
Among the 16 assets we track against EFR, JQC ranks #6 by 3-year correlation. Their 12-month results are close: -2.3% for EFR against -2.3% for JQC.
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 JQC: side by side
| EFR (Eaton Vance Senior Floating-Rate Fund) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | -2.3% | -2.3% |
| 5-year return | +16.8% | +26.7% |
| Volatility (ann.) | 10.7% | 11.1% |
| Beta vs S&P 500 | 0.45 | 0.41 |
| Max drawdown (3Y) | -18.3% | -15.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 20.6 | 16.9 |
| Dividend yield | 9.21% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFR | JQC |
|---|---|---|
| 2022 | -18.8% | -14.2% |
| 2023 | +29.2% | +15.4% |
| 2024 | +11.3% | +22.3% |
| 2025 | -4.9% | -0.4% |
| 2026 | -0.4% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFR and JQC good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFR and JQC?
The EFR/JQC correlation stands at 0.73 on a 3-year window (1 year: 0.79, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is JQC a good diversifier for EFR?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 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/efr-vs-jqc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/efr-vs-jqc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFR correlations · JQC correlations
