Nuveen Mortgage and Income Fund (JLS) belongs to the Mortgage Backed Securities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with JLS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Best Risk-Adjusted Alternatives to JLS
JLS has a PortfoliosLab risk / return rank of 8. There are 4 mutual funds in the Mortgage Backed Securities category with higher risk-adjusted ranks, going as high as 28.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price GNMA Fund Class I | 28 | — | May 2017 | JLS vs PRXAX | |
| Invesco Quality Income Fund Class R6 | 27 | — | Apr 2017 | JLS vs VUSSX | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 25 | — | — | JLS vs VWTAX | |
| TwentyFour Income Fund Limited | 14 | — | — | JLS vs TFIF.L | |
| First Trust Mortgage Income Fund | 6 | — | May 2005 | JLS vs FMY |
Top Performing JLS Alternatives (YTD)
JLS is at 0.42% YTD. There are 3 mutual funds in the Mortgage Backed Securities category with higher YTD returns, going as high as 2.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| TwentyFour Income Fund Limited | 2.82% | — | — | JLS vs TFIF.L | |
| T. Rowe Price GNMA Fund Class I | 0.65% | — | May 2017 | JLS vs PRXAX | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 0.56% | — | — | JLS vs VWTAX | |
| Invesco Quality Income Fund Class R6 | 0.32% | — | Apr 2017 | JLS vs VUSSX | |
| First Trust Mortgage Income Fund | -1.19% | — | May 2005 | JLS vs FMY |
Lowest Volatility Alternatives to JLS
JLS has 8.63% 1-year volatility. There are 3 mutual funds in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 3.80%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 3.80% | — | — | JLS vs VWTAX | |
| Invesco Quality Income Fund Class R6 | 4.29% | — | Apr 2017 | JLS vs VUSSX | |
| T. Rowe Price GNMA Fund Class I | 4.31% | — | May 2017 | JLS vs PRXAX | |
| First Trust Mortgage Income Fund | 9.27% | — | May 2005 | JLS vs FMY | |
| TwentyFour Income Fund Limited | 9.70% | — | — | JLS vs TFIF.L |
Lowest Drawdown Alternatives to JLS
JLS has a 1-year max drawdown of -5.41%. There are 3 mutual funds in the Mortgage Backed Securities category with shallower 1-year drawdowns, going as shallow as -2.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tomorrow's Scholar College Savings Plan - ING GNMA... | -2.55% | — | — | JLS vs VWTAX | |
| T. Rowe Price GNMA Fund Class I | -2.97% | — | May 2017 | JLS vs PRXAX | |
| Invesco Quality Income Fund Class R6 | -3.21% | — | Apr 2017 | JLS vs VUSSX | |
| First Trust Mortgage Income Fund | -7.13% | — | May 2005 | JLS vs FMY | |
| TwentyFour Income Fund Limited | -7.92% | — | — | JLS vs TFIF.L |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, SPXX and span 11 categories.
Often Compared With JLS
Investors most often compare JLS with PCM, PFN, JAAA. These 9 comparison targets span 6 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PCM Fund Inc. | Mortgage Backed Securities | 3 | -3.64% | — | Sep 1993 | JLS vs PCM | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 7 | -3.70% | — | Oct 2004 | JLS vs PFN | |
| Janus Henderson AAA CLO ETF | CLO | 98 | 2.07% | 28.22B | Oct 2020 | JLS vs JAAA | |
| PIMCO Dynamic Income Fund | 39 | -1.30% | — | — | JLS vs PDI | ||
| Janus Henderson B-BBB CLO ETF | CLO | 42 | 1.67% | 1.21B | Jan 2022 | JLS vs JBBB | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 82 | 20.50% | — | Dec 1987 | JLS vs FASEX | |
| Nuveen Equity Long/Short Fund | Long-Short | 60 | 8.59% | — | Dec 2008 | JLS vs NELIX | |
| Nuveen Real Estate Securities Fund | REIT | 27 | 14.50% | — | Jun 1995 | JLS vs FARCX | |
| AGNC Investment Corp. | 77 | 2.94% | — | — | JLS vs AGNC |
Compare JLS with Any Fund or Stock
Compare JLS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JLS with funds that move differently
Nuveen Mortgage and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JLS.
Explore JLS Diversifiers