FARCX vs. NSIOX
FARCX (Nuveen Real Estate Securities Fund) and NSIOX (Nuveen Strategic Municipal Opportunities Fund) are both mutual funds - FARCX is a REIT fund managed by Nuveen, while NSIOX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, FARCX returned 5.73%/yr vs 2.88%/yr for NSIOX. At a 0.14 correlation, their price movements are largely independent. FARCX charges 0.97%/yr vs 0.56%/yr for NSIOX.
Performance
FARCX vs. NSIOX - Performance Comparison
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Returns By Period
In the year-to-date period, FARCX achieves a 14.50% return, which is significantly higher than NSIOX's 1.63% return. Over the past 10 years, FARCX has outperformed NSIOX with an annualized return of 5.73%, while NSIOX has yielded a comparatively lower 2.88% annualized return.
FARCX
- 1D
- 1.17%
- 1M
- -0.24%
- YTD
- 14.50%
- 6M
- 15.11%
- 1Y
- 15.30%
- 3Y*
- 11.71%
- 5Y*
- 4.18%
- 10Y*
- 5.73%
NSIOX
- 1D
- -0.10%
- 1M
- 1.60%
- YTD
- 1.63%
- 6M
- 2.13%
- 1Y
- 5.81%
- 3Y*
- 4.35%
- 5Y*
- 0.50%
- 10Y*
- 2.88%
FARCX vs. NSIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 14.50% | 2.56% | 6.04% | 11.55% | -24.57% | 41.57% | -6.14% | 25.63% | -5.57% | 5.67% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | 1.63% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
Correlation
The correlation between FARCX and NSIOX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2015 | 0.14 |
The correlation between FARCX and NSIOX shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FARCX vs. NSIOX — Risk / Return Rank
FARCX
NSIOX
FARCX vs. NSIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Securities Fund (FARCX) and Nuveen Strategic Municipal Opportunities Fund (NSIOX). 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.
| FARCX | NSIOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.48 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.05 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.99 | 6.06 | +0.93 |
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Drawdowns
FARCX vs. NSIOX - Drawdown Comparison
The maximum FARCX drawdown since its inception was -70.62%, which is greater than NSIOX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FARCX and NSIOX.
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Drawdown Indicators
| FARCX | NSIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.62% | -18.38% | -52.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -2.91% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -6.17% | -11.42% |
Max Drawdown (5Y)Largest decline over 5 years | -31.77% | -18.38% | -13.39% |
Max Drawdown (10Y)Largest decline over 10 years | -41.05% | -18.38% | -22.67% |
Current DrawdownCurrent decline from peak | -1.50% | -0.46% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -3.56% | -6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 0.98% | +1.44% |
Volatility
FARCX vs. NSIOX - Volatility Comparison
Nuveen Real Estate Securities Fund (FARCX) has a higher volatility of 4.93% compared to Nuveen Strategic Municipal Opportunities Fund (NSIOX) at 0.78%. This indicates that FARCX's price experiences larger fluctuations and is considered to be riskier than NSIOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FARCX | NSIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 0.78% | +4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 2.12% | +7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 2.93% | +10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 4.50% | +13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 4.69% | +15.51% |
FARCX vs. NSIOX - Expense Ratio Comparison
FARCX has a 0.97% expense ratio, which is higher than NSIOX's 0.56% expense ratio.
Dividends
FARCX vs. NSIOX - Dividend Comparison
FARCX's dividend yield for the trailing twelve months is around 5.09%, more than NSIOX's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FARCX Nuveen Real Estate Securities Fund | 5.09% | 5.77% | 9.34% | 3.30% | 20.25% | 15.12% | 2.89% | 11.46% | 6.19% | 13.43% | 10.99% | 8.24% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.18% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
Frequently Asked Questions
FARCX and NSIOX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FARCX has higher volatility (4.93%) compared to NSIOX (0.78%). In terms of maximum drawdown, FARCX dropped -70.62% vs NSIOX's -18.38%.
NSIOX currently has the higher Sharpe Ratio (2.04 vs 1.25), 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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