CPMPX vs. FJSYX
CPMPX (Changing Parameters Fund) and FJSYX (Nuveen Credit Income Fund) are both High Yield Bonds funds. Over the past 10 years, CPMPX returned 4.05%/yr vs 5.68%/yr for FJSYX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. CPMPX charges 2.90%/yr vs 0.75%/yr for FJSYX.
Performance
CPMPX vs. FJSYX - Performance Comparison
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Returns By Period
In the year-to-date period, CPMPX achieves a 0.85% return, which is significantly lower than FJSYX's 1.30% return. Over the past 10 years, CPMPX has underperformed FJSYX with an annualized return of 4.05%, while FJSYX has yielded a comparatively higher 5.68% annualized return.
CPMPX
- 1D
- 0.09%
- 1M
- -0.28%
- 6M
- 0.47%
- YTD
- 0.85%
- 1Y
- 3.83%
- 3Y*
- 2.84%
- 5Y*
- 2.22%
- 10Y*
- 4.05%
- ALL TIME*
- 3.40%
FJSYX
- 1D
- 0.00%
- 1M
- -0.60%
- 6M
- 0.55%
- YTD
- 1.30%
- 1Y
- 4.97%
- 3Y*
- 9.09%
- 5Y*
- 4.75%
- 10Y*
- 5.68%
- ALL TIME*
- 5.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CPMPX vs. FJSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPMPX Changing Parameters Fund | 0.85% | 6.65% | -3.47% | 8.13% | -0.22% | 3.86% | 13.43% | 6.82% | -1.19% | 5.29% |
FJSYX Nuveen Credit Income Fund | 1.30% | 8.21% | 11.55% | 13.62% | -10.00% | 4.81% | 1.43% | 16.84% | -4.44% | 7.57% |
Correlation
The correlation between CPMPX and FJSYX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.51 |
The correlation between CPMPX and FJSYX has been stable across timeframes, ranging from 0.51 to 0.56 - a consistent structural relationship.
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Return for Risk
CPMPX vs. FJSYX — Risk / Return Rank
CPMPX
FJSYX
CPMPX vs. FJSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Changing Parameters Fund (CPMPX) and Nuveen Credit Income Fund (FJSYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CPMPX | FJSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 2.57 | +0.30 |
| Martin ratioReturn relative to average drawdown | 7.80 | 11.49 | -3.70 |
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Drawdowns
CPMPX vs. FJSYX - Drawdown Comparison
The maximum CPMPX drawdown since its inception was -8.87%, smaller than the maximum FJSYX drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for CPMPX and FJSYX.
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Drawdown Indicators
| CPMPX | FJSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.87% | -36.44% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -2.25% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -8.13% | -3.71% | -4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -8.13% | -14.28% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -8.13% | -25.66% | +17.53% |
Current DrawdownCurrent decline from peak | -1.09% | -0.60% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -4.16% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.50% | -0.02% |
Volatility
CPMPX vs. FJSYX - Volatility Comparison
Changing Parameters Fund (CPMPX) and Nuveen Credit Income Fund (FJSYX) have volatilities of 0.48% and 0.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPMPX | FJSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.47% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 2.26% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 2.95% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.84% | 4.35% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 5.77% | -2.66% |
CPMPX vs. FJSYX - Expense Ratio Comparison
CPMPX has a 2.90% expense ratio, which is higher than FJSYX's 0.75% expense ratio.
Dividends
CPMPX vs. FJSYX - Dividend Comparison
CPMPX's dividend yield for the trailing twelve months is around 3.80%, less than FJSYX's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPMPX Changing Parameters Fund | 3.80% | 3.83% | 0.00% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% |
FJSYX Nuveen Credit Income Fund | 5.97% | 8.29% | 8.42% | 7.32% | 6.12% | 4.71% | 4.73% | 6.17% | 7.83% | 7.07% | 7.09% | 8.07% |
Frequently Asked Questions
CPMPX and FJSYX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPMPX has higher volatility (0.48%) compared to FJSYX (0.47%). In terms of maximum drawdown, CPMPX dropped -8.87% vs FJSYX's -36.44%.
CPMPX currently has the higher Sharpe Ratio (2.03 vs 1.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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