IDXX vs JCE: Correlation
Idexx Laboratories (IDXX) and Nuveen Core Equity Alpha Fund (JCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IDXX and JCE?
Across a 3-year window, the weekly returns of IDXX and JCE correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.52 over 3 years. Stretching to 5 years gives 0.41, with an annualized covariance of 253.8 %².
Few assets follow IDXX as closely as JCE, which ranks #3 of 35 tracked partners. Correlation aside, the last 12 months split them widely, with JCE ahead by 33.0 points (-14.9% versus +18.1%). One caveat on sizing: IDXX is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IDXX vs JCE: side by side
| IDXX (Idexx Laboratories) | JCE (Nuveen Core Equity Alpha Fund) | |
|---|---|---|
| 1-year return | -14.9% | +18.1% |
| 5-year return | -20.7% | +72.6% |
| Volatility (ann.) | 30.9% | 15.7% |
| Beta vs S&P 500 | 1.01 | 0.91 |
| Max drawdown (3Y) | -37.4% | -19.0% |
| Market cap | $42.9B | – |
| P/E (trailing) | 38.9 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | IDXX | JCE |
|---|---|---|
| 2022 | -38.0% | -14.3% |
| 2023 | +36.1% | +10.7% |
| 2024 | -25.5% | +27.9% |
| 2025 | +63.6% | +9.1% |
| 2026 | -19.4% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IDXX and JCE good diversifiers for each other?
To a limited degree. At 0.52 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 IDXX and JCE?
The IDXX/JCE correlation stands at 0.52 on a 3-year window (1 year: 0.27, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is JCE a good diversifier for IDXX?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/idxx-vs-jce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/idxx-vs-jce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IDXX correlations · JCE correlations
