Which stocks are most correlated with JPC?

Based on one year of daily returns, the stocks most correlated with Nuveen Preferred & Income Opportunities Fund (JPC) are NPFD (0.68), FCEF (0.67) and RDFI (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with JPC?

Over the past year, the stocks most inversely correlated with Nuveen Preferred & Income Opportunities Fund (JPC) are SH (-0.54), SPXU (-0.54) and SDS (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

Nuveen Preferred & Income Opportunities Fund (JPC) — Stock Correlations & Overview

Over the past year, JPC has moved most closely with NPFD, FCEF, RDFI. Explore the stocks most correlated and inversely correlated with JPC below, along with its price, financials, and company profile.

Stocks correlated with JPC

Correlation of daily returns. Higher positive values move with JPC; negative values move opposite it. Informational only, not investment advice.

Most correlated with JPC

Symbol	Company	Correlation
NPFD	Nuveen Variable Rate Preferred & Income Fund	0.68
FCEF	First Trust Exchange-Traded Fund VIII First Trust Income Opportunities ETF	0.67
RDFI	Rareview Dynamic Fixed Income ETF	0.65
PCEF	Invesco CEF Income Composite ETFINVESTMENT ADVICE	0.65
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.65

Most inversely correlated with JPC

Symbol	Company	Correlation
SH	ProShares Short S&P500	-0.54
SPXU	ProShares UltraPro Short S&P 500	-0.54
SDS	ProShares UltraShort S&P500	-0.53
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.53
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.53

Frequently asked questions about JPC correlations

Which stocks are most correlated with JPC?: Based on one year of daily returns, the stocks most correlated with Nuveen Preferred & Income Opportunities Fund (JPC) are NPFD (0.68), FCEF (0.67) and RDFI (0.65). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with JPC?: Over the past year, the stocks most inversely correlated with Nuveen Preferred & Income Opportunities Fund (JPC) are SH (-0.54), SPXU (-0.54) and SDS (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these JPC correlations calculated?: We compute the correlation of daily returns between JPC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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