JCE vs VTI: Correlation
How closely do Nuveen Core Equity Alpha Fund (JCE) and Vanguard Total Stock Market ETF (VTI) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCE and VTI?
Over the past 3 years, JCE and VTI moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.91) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 193.4 %².
Among the 17 assets we track against JCE, VTI ranks #5 by 3-year correlation. Neither side won the trailing year by much: +18.1% against +20.7%.
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 VTI: side by side
| JCE (Nuveen Core Equity Alpha Fund) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +18.1% | +20.7% |
| 5-year return | +72.6% | +74.8% |
| Volatility (ann.) | 15.7% | 14.6% |
| Beta vs S&P 500 | 0.91 | 1.01 |
| Max drawdown (3Y) | -19.0% | -19.3% |
| Market cap | – | – |
| P/E (trailing) | 6.3 | – |
| Dividend yield | 0.00% | 1.06% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $2,290.0B |
| Sector / category | US Listed | ETF · US Large Cap |
VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Year-by-year returns
| Year | JCE | VTI |
|---|---|---|
| 2022 | -14.3% | -19.5% |
| 2023 | +10.7% | +26.0% |
| 2024 | +27.9% | +23.8% |
| 2025 | +9.1% | +17.1% |
| 2026 | +11.6% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCE and VTI good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between JCE and VTI?
As of 2026-08-27, the correlation of weekly returns between JCE and VTI is 0.84 over 3 years, 0.91 over 1 year and 0.62 over 5 years.
Is VTI a good diversifier for JCE?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: JCE correlations · VTI correlations
