NPFD Alternatives & Similar Mutual Funds

Nuveen Variable Rate Preferred & Income Fund (NPFD) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NPFD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to NPFD

Among 30 mutual funds in the Preferred Stock/Convertible Bonds category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	NPFD vs HPS
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	NPFD vs HPI
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	NPFD vs HPF
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	NPFD vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	NPFD vs LDP

Best Risk-Adjusted Alternatives to NPFD

NPFD has a PortfoliosLab risk / return rank of 17. There are 25 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 90.

Symbol	Name	Risk / Return Rank	AUM	Inception
CICVX	Calamos Convertible Fund	90	—	Jun 1997	NPFD vs CICVX
CCVIX	Calamos Convertible Fund	90	—	Jun 1985	NPFD vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	89	—	Oct 2018	NPFD vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	89	—	Feb 2009	NPFD vs FICVX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	89	—	Apr 2011	NPFD vs DPIIX

Top Performing NPFD Alternatives (YTD)

NPFD is at 3.94% YTD. There are 13 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 25.40%.

Symbol	Name	YTD Return	AUM	Inception
FCVSX	Fidelity Convertible Securities Fund	25.40%	—	Jan 1987	NPFD vs FCVSX
CICVX	Calamos Convertible Fund	24.54%	—	Jun 1997	NPFD vs CICVX
CCVIX	Calamos Convertible Fund	24.45%	—	Jun 1985	NPFD vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	24.03%	—	Oct 2018	NPFD vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	23.97%	—	Feb 2009	NPFD vs FICVX

Lowest Volatility Alternatives to NPFD

NPFD has 9.82% 1-year volatility. There are 20 mutual funds in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 1.86%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.86%	—	Nov 2015	NPFD vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.13%	—	Apr 2011	NPFD vs DPIIX
PCSFX	Principal Capital Securities Fund	2.13%	—	Mar 2014	NPFD vs PCSFX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.39%	—	Apr 2002	NPFD vs PPSIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.41%	—	Feb 2019	NPFD vs PISHX

Lowest Drawdown Alternatives to NPFD

NPFD has a 1-year max drawdown of -9.88%. There are 28 mutual funds in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.14%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	—	Nov 2015	NPFD vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	NPFD vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	NPFD vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	NPFD vs JPDIX
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	NPFD vs PCSFX

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 9 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
QQQX	Nuveen NASDAQ 100 Dynamic Overwrite Fund	Large Cap Growth Equities	71	11.82%	—	Jan 2007	NPFD vs QQQX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	16	3.81%	—	Nov 2005	NPFD vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	52	2.90%	—	Jun 1999	NPFD vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	4	1.57%	—	Jun 2003	NPFD vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	18	3.11%	—	Mar 2006	NPFD vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	79	0.72%	—	Dec 2006	NPFD vs NPSRX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	64	15.64%	—	Dec 1987	NPFD vs FASEX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	57	1.82%	—	Jan 2013	NPFD vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	19	9.30%	—	May 2009	NPFD vs NVLIX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	59	7.96%	—	Dec 2008	NPFD vs NELIX

Often Compared With NPFD

Investors most often compare NPFD with CPXIX, NQ=F, NCV. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock/Convertible Bonds	82	1.66%	—	May 2010	NPFD vs CPXIX
NQ=F	E-Mini Nasdaq 100 Futures		90	19.79%	—	—	NPFD vs NQ=F
NCV	Virtus Convertible and Income Fund	Preferred Stock/Convertible Bonds	84	20.73%	—	Mar 2003	NPFD vs NCV
LBFFX	Lord Abbett Convertible Fund Class F	Preferred Stock/Convertible Bonds	87	21.32%	—	—	NPFD vs LBFFX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	88	23.82%	—	Feb 2009	NPFD vs FACVX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	88	23.71%	—	Feb 2009	NPFD vs FTCVX
FARCX	Nuveen Real Estate Securities Fund	REIT	17	11.30%	—	Jun 1995	NPFD vs FARCX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	74	1.71%	—	Apr 2015	NPFD vs PFINX
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	26	3.27%	—	Mar 2001	NPFD vs NZF

Compare NPFD with Any Fund or Stock

Compare NPFD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair NPFD with funds that move differently

Nuveen Variable Rate Preferred & Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NPFD.

Explore NPFD Diversifiers

Nuveen Variable Rate Preferred & Income Fund (NPFD) Alternatives