EVF vs JFR: Correlation
Measured on weekly returns over the past three years, Eaton Vance Senior Income Trust (EVF) and Nuveen Floating Rate Income Fund (JFR) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVF and JFR?
Across a 3-year window, the weekly returns of EVF and JFR correlate at 0.67, strong. The link has tightened recently: the 1-year correlation (0.84) runs above the 3-year figure (0.67). Stretching to 5 years gives 0.67, with an annualized covariance of 67.1 %².
Within EVF's tracked universe of 14 assets, JFR comes in at #6 by 3-year correlation. On 12-month performance JFR holds a 5.3-point edge, -3.0% 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.
EVF vs JFR: side by side
| EVF (Eaton Vance Senior Income Trust) | JFR (Nuveen Floating Rate Income Fund) | |
|---|---|---|
| 1-year return | -3.0% | +2.3% |
| 5-year return | +15.0% | +31.7% |
| Volatility (ann.) | 10.2% | 9.7% |
| Beta vs S&P 500 | 0.41 | 0.35 |
| Max drawdown (3Y) | -16.9% | -15.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 24.7 | 22.4 |
| Dividend yield | 0.00% | 13.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVF | JFR |
|---|---|---|
| 2022 | -14.8% | -15.1% |
| 2023 | +34.5% | +16.7% |
| 2024 | +7.3% | +21.9% |
| 2025 | -6.1% | -0.7% |
| 2026 | -0.8% | +5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVF and JFR good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EVF and JFR?
The EVF/JFR correlation stands at 0.67 on a 3-year window (1 year: 0.84, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is JFR a good diversifier for EVF?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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/evf-vs-jfr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evf-vs-jfr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVF correlations · JFR correlations
