JFR vs JQC: Correlation
How closely do Nuveen Floating Rate Income Fund (JFR) and Nuveen Credit Strategies Income Fund Shares of Beneficial (JQC) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JFR and JQC?
On 3 years of weekly data the JFR/JQC correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 84.1 %².
In JFR's tracked universe of 13 assets, JQC sits right near the top at #1. Neither side won the trailing year by much: +2.3% against -2.3%.
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.
JFR vs JQC: side by side
| JFR (Nuveen Floating Rate Income Fund) | JQC (Nuveen Credit Strategies Income Fund Shares of Beneficial) | |
|---|---|---|
| 1-year return | +2.3% | -2.3% |
| 5-year return | +31.7% | +26.7% |
| Volatility (ann.) | 9.7% | 11.1% |
| Beta vs S&P 500 | 0.35 | 0.41 |
| Max drawdown (3Y) | -15.3% | -15.4% |
| Market cap | – | – |
| P/E (trailing) | 22.4 | 16.9 |
| Dividend yield | 13.47% | 13.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JFR | JQC |
|---|---|---|
| 2022 | -15.1% | -14.2% |
| 2023 | +16.7% | +15.4% |
| 2024 | +21.9% | +22.3% |
| 2025 | -0.7% | -0.4% |
| 2026 | +5.6% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JFR and JQC good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JFR and JQC?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.83 over the last year and 0.79 over 5 years.
Is JQC a good diversifier for JFR?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jfr-vs-jqc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jfr-vs-jqc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JFR correlations · JQC correlations
