JCE vs SKYX: Correlation
Measured on weekly returns over the past three years, Nuveen Core Equity Alpha Fund (JCE) and SKYX Platforms Corp. (SKYX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCE and SKYX?
On 3 years of weekly data the JCE/SKYX correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 511.5 %².
Among the 17 assets we track against JCE, SKYX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with JCE ahead by 15.6 points (+18.1% versus +2.5%). One caveat on sizing: SKYX is 5.5 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 SKYX: side by side
| JCE (Nuveen Core Equity Alpha Fund) | SKYX (SKYX Platforms Corp.) | |
|---|---|---|
| 1-year return | +18.1% | +2.5% |
| 5-year return | +72.6% | -89.7% |
| Volatility (ann.) | 15.7% | 85.8% |
| Beta vs S&P 500 | 0.91 | 1.83 |
| Max drawdown (3Y) | -19.0% | -69.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JCE | SKYX |
|---|---|---|
| 2022 | -14.3% | – |
| 2023 | +10.7% | -36.5% |
| 2024 | +27.9% | -27.5% |
| 2025 | +9.1% | +87.1% |
| 2026 | +11.6% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCE and SKYX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JCE and SKYX?
As of 2026-08-27, the correlation of weekly returns between JCE and SKYX is 0.38 over 3 years, 0.42 over 1 year and 0.17 over 5 years.
Is SKYX a good diversifier for JCE?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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-skyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jce-vs-skyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JCE correlations · SKYX correlations
