FNKO vs JCE: Correlation
Funko, Inc. (FNKO) and Nuveen Core Equity Alpha Fund (JCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNKO and JCE?
Across a 3-year window, the weekly returns of FNKO and JCE correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 497.4 %².
Among the 12 assets we track against FNKO, JCE ranks #4 by 3-year correlation. The last year tells two different stories: FNKO led by 83.1 percentage points, +101.2% for FNKO against +18.1% for JCE. Note the risk asymmetry: FNKO runs 4.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FNKO vs JCE: side by side
| FNKO (Funko, Inc.) | JCE (Nuveen Core Equity Alpha Fund) | |
|---|---|---|
| 1-year return | +101.2% | +18.1% |
| 5-year return | -63.9% | +72.6% |
| Volatility (ann.) | 70.2% | 15.7% |
| Beta vs S&P 500 | 1.95 | 0.91 |
| Max drawdown (3Y) | -83.0% | -19.0% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNKO | JCE |
|---|---|---|
| 2022 | -42.0% | -14.3% |
| 2023 | -29.1% | +10.7% |
| 2024 | +73.2% | +27.9% |
| 2025 | -74.6% | +9.1% |
| 2026 | +98.2% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNKO and JCE good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNKO and JCE?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.48 over the last year and 0.37 over 5 years.
Is JCE a good diversifier for FNKO?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/fnko-vs-jce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnko-vs-jce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNKO correlations · JCE correlations
