JCE vs ROKU: Correlation
Nuveen Core Equity Alpha Fund (JCE) and Roku, Inc. (ROKU) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCE and ROKU?
Over the past 3 years, JCE and ROKU moved with a correlation of 0.66, which is strong. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 619.0 %².
Within JCE's tracked universe of 17 assets, ROKU comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ROKU ahead by 44.4 points (+18.1% versus +62.5%). One caveat on sizing: ROKU is 3.8 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.
JCE vs ROKU: side by side
| JCE (Nuveen Core Equity Alpha Fund) | ROKU (Roku, Inc.) | |
|---|---|---|
| 1-year return | +18.1% | +62.5% |
| 5-year return | +72.6% | -56.1% |
| Volatility (ann.) | 15.7% | 59.9% |
| Beta vs S&P 500 | 0.91 | 2.49 |
| Max drawdown (3Y) | -19.0% | -51.7% |
| Market cap | – | $23.2B |
| P/E (trailing) | 6.3 | 67.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCE | ROKU |
|---|---|---|
| 2022 | -14.3% | -82.2% |
| 2023 | +10.7% | +125.2% |
| 2024 | +27.9% | -18.9% |
| 2025 | +9.1% | +45.9% |
| 2026 | +11.6% | +44.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCE and ROKU good diversifiers for each other?
To a limited degree. At 0.66 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 JCE and ROKU?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.56 over the last year and 0.39 over 5 years.
Is ROKU a good diversifier for JCE?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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/jce-vs-roku.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jce-vs-roku/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JCE correlations · ROKU correlations
