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 17. There are 3 mutual funds in the Mortgage Backed Securities category with higher risk-adjusted ranks, going as high as 33.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price GNMA Fund Class I | 33 | — | May 2017 | JLS vs PRXAX | |
| Invesco Quality Income Fund Class R6 | 32 | — | Apr 2017 | JLS vs VUSSX | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 29 | — | — | JLS vs VWTAX | |
| First Trust Mortgage Income Fund | 4 | — | May 2005 | JLS vs FMY | |
| PCM Fund Inc. | 4 | — | Sep 1993 | JLS vs PCM |
Top Performing JLS Alternatives (YTD)
JLS is at 2.31% YTD. No mutual funds in the Mortgage Backed Securities category have higher YTD returns; the top-performing alternatives shown here go as high as 1.02%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| T. Rowe Price GNMA Fund Class I | 1.02% | — | May 2017 | JLS vs PRXAX | |
| Invesco Quality Income Fund Class R6 | 0.62% | — | Apr 2017 | JLS vs VUSSX | |
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 0.46% | — | — | JLS vs VWTAX | |
| First Trust Mortgage Income Fund | -2.66% | — | May 2005 | JLS vs FMY | |
| PCM Fund Inc. | -2.68% | — | Sep 1993 | JLS vs PCM |
Lowest Volatility Alternatives to JLS
JLS has 8.48% 1-year volatility. There are 3 mutual funds in the Mortgage Backed Securities category with lower 1-year volatility, going as low as 3.78%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tomorrow's Scholar College Savings Plan - ING GNMA... | 3.78% | — | — | JLS vs VWTAX | |
| Invesco Quality Income Fund Class R6 | 4.33% | — | Apr 2017 | JLS vs VUSSX | |
| T. Rowe Price GNMA Fund Class I | 4.36% | — | May 2017 | JLS vs PRXAX | |
| First Trust Mortgage Income Fund | 9.22% | — | May 2005 | JLS vs FMY | |
| TwentyFour Income Fund Limited | 10.95% | — | — | JLS vs TFIF.L |
Lowest Drawdown Alternatives to JLS
JLS has a 1-year max drawdown of -5.32%. 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 | -8.87% | — | — | JLS vs TFIF.L |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | 11.82% | — | Jan 2007 | JLS vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | JLS vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.18% | — | Jun 1999 | JLS vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | JLS vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | JLS vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | JLS vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.12% | — | Mar 2003 | JLS vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | JLS vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 62 | 1.93% | — | Jan 2013 | JLS vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | JLS vs NVLIX |
Often Compared With JLS
Investors most often compare JLS with JAAA, PFN, PDI. These 7 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | CLO | 98 | 1.87% | 27.32B | Oct 2020 | JLS vs JAAA | |
| PIMCO Income Strategy Fund II | Multisector Bonds | 6 | -4.15% | — | Oct 2004 | JLS vs PFN | |
| PIMCO Dynamic Income Fund | 44 | 0.45% | — | — | JLS vs PDI | ||
| Janus Henderson B-BBB CLO ETF | CLO | 51 | 1.86% | 1.20B | Jan 2022 | JLS vs JBBB | |
| Nuveen Equity Long/Short Fund | Long-Short | 57 | 8.22% | — | Dec 2008 | JLS vs NELIX | |
| Nuveen Real Estate Securities Fund | REIT | 18 | 11.64% | — | Jun 1995 | JLS vs FARCX | |
| AGNC Investment Corp. | 76 | 0.27% | — | — | 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