EFT vs JQC: Correlation
Measured on weekly returns over the past three years, Eaton Vance Floating Rate Income Trust (EFT) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFT and JQC?
On 3 years of weekly data the EFT/JQC correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 87.0 %².
Among the 14 assets we track against EFT, JQC ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at -4.8% for EFT and -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.
EFT vs JQC: side by side
| EFT (Eaton Vance Floating Rate Income Trust) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | -4.8% | -2.3% |
| 5-year return | +13.9% | +26.7% |
| Volatility (ann.) | 10.9% | 11.1% |
| Beta vs S&P 500 | 0.49 | 0.41 |
| Max drawdown (3Y) | -17.5% | -15.4% |
| Market cap | – | – |
| P/E (trailing) | 42.4 | 16.9 |
| Dividend yield | 9.41% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFT | JQC |
|---|---|---|
| 2022 | -19.7% | -14.2% |
| 2023 | +27.1% | +15.4% |
| 2024 | +13.2% | +22.3% |
| 2025 | -3.8% | -0.4% |
| 2026 | -1.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFT and JQC good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EFT and JQC?
As of 2026-08-27, the correlation of weekly returns between EFT and JQC is 0.71 over 3 years, 0.79 over 1 year and 0.70 over 5 years.
Is JQC a good diversifier for EFT?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eft-vs-jqc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eft-vs-jqc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFT correlations · JQC correlations
