NPFD Alternatives & Similar Mutual Funds

Nuveen Variable Rate Preferred & Income Fund (NPFD) belongs to the Preferred Stock 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 19 mutual funds in the Preferred Stock 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
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	NPFD vs HPF
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	NPFD vs HPI
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 9. There are 19 mutual funds in the Preferred Stock category with higher risk-adjusted ranks, going as high as 86.

Symbol	Name	Risk / Return Rank	AUM	Inception
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	86	—	Apr 2011	NPFD vs DPIIX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	86	—	Nov 2015	NPFD vs LPXZX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	85	—	Feb 2019	NPFD vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	83	—	Mar 2022	NPFD vs JPDIX
PCSFX	Principal Capital Securities Fund	77	—	Mar 2014	NPFD vs PCSFX

Top Performing NPFD Alternatives (YTD)

NPFD is at 1.07% YTD. There are 14 mutual funds in the Preferred Stock category with higher YTD returns, going as high as 4.67%.

Symbol	Name	YTD Return	AUM	Inception
KIFAX	Salient Select Income Fund	4.67%	—	Mar 2001	NPFD vs KIFAX
HPF	John Hancock Preferred Income Fund II	4.06%	—	Jan 2005	NPFD vs HPF
HPS	John Hancock Preferred Income Fund III	4.05%	—	Jun 2003	NPFD vs HPS
HPI	John Hancock Preferred Income Fund	3.74%	—	Aug 2002	NPFD vs HPI
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	2.24%	—	—	NPFD vs PTA

Lowest Volatility Alternatives to NPFD

NPFD has 9.66% 1-year volatility. There are 20 mutual funds in the Preferred Stock category with lower 1-year volatility, going as low as 1.89%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.89%	—	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	2.18%	—	Mar 2014	NPFD vs PCSFX
ORDNX	North Square Preferred and Income Securities Fund	2.30%	—	Jun 2013	NPFD vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.43%	—	Feb 2019	NPFD vs PISHX

Lowest Drawdown Alternatives to NPFD

NPFD has a 1-year max drawdown of -9.88%. There are 20 mutual funds in the Preferred Stock 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
ORDNX	North Square Preferred and Income Securities Fund	-2.66%	—	Jun 2013	NPFD vs ORDNX
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

Other Mutual Funds from Nuveen

The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	63	9.70%	—	Jul 1999	NPFD vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	58	8.38%	—	Jan 2007	NPFD vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	12	-0.33%	—	Oct 2002	NPFD vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	24	6.80%	—	Nov 2005	NPFD vs SPXX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.97%	—	Jun 2003	NPFD vs JQC
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	89	1.87%	—	Jun 1999	NPFD vs NHMRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	73	0.35%	—	Dec 2006	NPFD vs NPSRX
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	30	5.28%	—	Mar 2006	NPFD vs NSBRX
NWQIX	Nuveen Flexible Income Fund	Diversified Portfolio	96	4.79%	—	Dec 2009	NPFD vs NWQIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	91	1.56%	—	Jan 2013	NPFD vs NVHIX

Often Compared With NPFD

Investors most often compare NPFD with CPXIX, CCVIX, NCV. These 18 comparison targets span 8 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	77	1.60%	—	May 2010	NPFD vs CPXIX
CCVIX	Calamos Convertible Fund	Convertible Bonds	70	17.57%	—	Jun 1985	NPFD vs CCVIX
NCV	Virtus Convertible and Income Fund	Convertible Bonds	75	17.13%	—	Mar 2003	NPFD vs NCV
CICVX	Calamos Convertible Fund	Convertible Bonds	72	17.72%	—	Jun 1997	NPFD vs CICVX
NQ=F	E-Mini Nasdaq 100 Futures		58	11.12%	—	—	NPFD vs NQ=F
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	54	14.14%	—	Oct 2018	NPFD vs FIQVX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock	68	1.70%	—	Apr 2015	NPFD vs PFINX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	52	13.96%	—	Feb 2009	NPFD vs FACVX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	49	13.75%	—	Feb 2009	NPFD vs FTCVX
LBFFX	Lord Abbett Convertible Fund Class F	Convertible Bonds	50	11.96%	—	—	NPFD vs LBFFX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	53	14.07%	—	Feb 2009	NPFD vs FICVX
FARCX	Nuveen Real Estate Securities Fund	REIT	72	19.14%	—	Jun 1995	NPFD vs FARCX
FASEX	Nuveen Mid Cap Value Fund	Mid Cap Value Equities	84	19.56%	—	Dec 1987	NPFD vs FASEX
NELIX	Nuveen Equity Long/Short Fund	Long-Short	41	6.38%	—	Dec 2008	NPFD vs NELIX
NZF	Nuveen Municipal Credit Income Fund	Municipal Bonds	43	1.35%	—	Mar 2001	NPFD vs NZF
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock	53	0.64%	—	Apr 2002	NPFD vs PPSIX
FCVSX	Fidelity Convertible Securities Fund	Convertible Bonds	23	14.49%	—	Jan 1987	NPFD vs FCVSX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	10	3.48%	—	May 2009	NPFD vs NVLIX

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