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JCE vs SPY

Comparison between Nuveen Core Equity Alpha Fund (JCE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed JCE, delivering a return of +13.3% compared to +11.3%

JCE vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
JCE
$292M
Winner
SPY
$735B
Expense Ratio
JCE
N/A
SPY
0.09%
Max Drawdown
JCE
64.90%
Winner
SPY
56.47%
Sharpe Ratio
JCE
0.85
Winner
SPY
1.62
5Y Beta
Winner
JCE
0.80
SPY
1.00
P/E Ratio
JCE
N/A
SPY
28.99
Forward P/E
JCE
N/A
SPY
22.37
5Y Dividends CAGR
Winner
JCE
10.60%
SPY
5.43%
5Y EPS CAGR
JCE
N/A
SPY
26.05%
Debt to Equity
JCE
N/A
SPY
32.40%
P/S Ratio
JCE
N/A
SPY
3.74
P/B Ratio
JCE
N/A
SPY
5.61

JCE vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
JCE
-0.25%
Winner
SPY
+1.90%
3M
JCE
+4.73%
Winner
SPY
+8.55%
6M
JCE
+5.47%
Winner
SPY
+8.18%
1Y
JCE
+15.61%
Winner
SPY
+25.79%
5Y(CAGR)
JCE
+11.34%
Winner
SPY
+13.32%
10Y(CAGR)
JCE
+12.44%
Winner
SPY
+15.19%
Max(CAGR)
Winner
JCE
+9.79%
SPY
+8.47%

JCE vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearJCESPY
2026+4.73%+8.26%
2025+11.45%+18.00%
2024+28.16%+25.59%
2023+12.70%+26.72%
2022-12.92%-18.64%
2021+50.42%+30.52%
2020+3.73%+17.28%
2019+30.21%+31.09%
2018-10.86%-5.24%
2017+31.07%+20.78%
2016+1.74%+13.59%
2015+0.50%+1.31%
2014+19.62%+14.56%
2013+35.38%+29.00%
2012+14.23%+14.17%
2011+2.56%+0.85%
2010+19.72%+13.14%
2009+32.50%+22.67%
2008-34.35%-36.25%
2007-11.96%+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

JCE vs SPY Drawdown Comparison

The maximum drawdown for JCE was -57.60%, occurring on Mar 9, 2009. Recovery took 951 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current JCE drawdown is -3.18%. The current SPY drawdown is -2.90%.

RankJCESPY
#1-57.60%
Apr 19, 2007 - Jan 26, 2011		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-43.39%
Feb 14, 2020 - Jan 20, 2021		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-30.15%
Dec 31, 2021 - Mar 13, 2024		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-28.91%
Aug 8, 2018 - Dec 27, 2019		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-21.74%
Jun 30, 2011 - Feb 7, 2012		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-19.02%
Feb 19, 2025 - Jul 25, 2025		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-18.87%
Mar 23, 2015 - Jul 11, 2016		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-12.12%
Jul 29, 2014 - Nov 20, 2014		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-11.72%
Jul 21, 2016 - Feb 21, 2017		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-10.87%
Jan 27, 2026 - Apr 15, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-10.02%
Oct 5, 2012 - Jan 16, 2013		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-9.26%
May 1, 2012 - Sep 12, 2012		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-9.17%
May 21, 2013 - Jul 15, 2013		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-9.05%
Jan 26, 2018 - May 21, 2018		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-8.34%
Jan 21, 2014 - Feb 26, 2014		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between JCE and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99
-101

Dividend Comparison (1999 - 2026)

JCE vs SPY dividend yield comparison.

YearJCESPY
20262.11%0.24%
20258.03%1.07%
20248.05%1.21%
20239.45%1.40%
202217.22%1.65%
20219.89%1.20%
20206.57%1.52%
20196.84%1.75%
20189.23%2.04%
201717.33%1.80%
20168.68%2.03%
201519.27%2.06%
201414.38%1.87%
20138.51%1.81%
20128.09%2.18%
20118.66%2.05%
201010.14%1.80%
20097.04%1.95%
200815.53%3.02%
20077.89%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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