JCE vs SGHT: Correlation
Measured on weekly returns over the past three years, Nuveen Core Equity Alpha Fund (JCE) and Sight Sciences, Inc. (SGHT) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCE and SGHT?
Over the past 3 years, JCE and SGHT moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 613.5 %².
Among the 17 assets we track against JCE, SGHT ranks #12 by 3-year correlation. The last year tells two different stories: SGHT led by 80.7 percentage points, +18.1% for JCE against +98.8% for SGHT. One caveat on sizing: SGHT is 6.1 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 SGHT: side by side
| JCE (Nuveen Core Equity Alpha Fund) | SGHT (Sight Sciences, Inc.) | |
|---|---|---|
| 1-year return | +18.1% | +98.8% |
| 5-year return | +72.6% | -73.7% |
| Volatility (ann.) | 15.7% | 96.0% |
| Beta vs S&P 500 | 0.91 | 2.34 |
| Max drawdown (3Y) | -19.0% | -81.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCE | SGHT |
|---|---|---|
| 2022 | -14.3% | -30.5% |
| 2023 | +10.7% | -57.7% |
| 2024 | +27.9% | -29.5% |
| 2025 | +9.1% | +117.9% |
| 2026 | +11.6% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCE and SGHT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JCE and SGHT?
The JCE/SGHT correlation stands at 0.41 on a 3-year window (1 year: 0.36, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is SGHT a good diversifier for JCE?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/jce-vs-sght.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jce-vs-sght/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JCE correlations · SGHT correlations
