FAZTX vs. JQC
FAZTX (Nuveen Arizona Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - FAZTX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, FAZTX returned 1.61%/yr vs 5.56%/yr for JQC. Their 0.02 correlation means their historical movements had little consistent relationship. FAZTX charges 0.80%/yr vs 4.34%/yr for JQC.
Performance
FAZTX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, FAZTX achieves a 0.31% return, which is significantly lower than JQC's 1.97% return. Over the past 10 years, FAZTX has underperformed JQC with an annualized return of 1.61%, while JQC has yielded a comparatively higher 5.56% annualized return.
FAZTX
- 1D
- -0.30%
- 1M
- -1.96%
- 6M
- -0.25%
- YTD
- 0.31%
- 1Y
- 5.30%
- 3Y*
- 2.89%
- 5Y*
- -0.01%
- 10Y*
- 1.61%
- ALL TIME*
- 4.12%
JQC
- 1D
- -0.21%
- 1M
- -0.42%
- 6M
- -1.83%
- YTD
- 1.97%
- 1Y
- -2.16%
- 3Y*
- 10.59%
- 5Y*
- 4.73%
- 10Y*
- 5.56%
- ALL TIME*
- 4.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.37M | $2.54M | $2.74M |
FAZTX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAZTX Nuveen Arizona Municipal Bond Fund | 0.31% | 3.09% | 2.00% | 5.93% | -10.29% | 1.87% | 5.17% | 7.33% | 0.69% | 5.46% |
JQC Nuveen Credit Strategies Income Fund | 1.97% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between FAZTX and JQC is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.02 |
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Return for Risk
FAZTX vs. JQC — Risk / Return Rank
FAZTX
JQC
FAZTX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Arizona Municipal Bond Fund (FAZTX) and Nuveen Credit Strategies Income Fund (JQC). 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.
| FAZTX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.97 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | -0.25 | +2.60 |
| Martin ratioReturn relative to average drawdown | 7.33 | -0.47 | +7.80 |
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Drawdowns
FAZTX vs. JQC - Drawdown Comparison
The maximum FAZTX drawdown since its inception was -19.00%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for FAZTX and JQC.
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Drawdown Indicators
| FAZTX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.00% | -75.18% | +56.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -10.15% | +7.52% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -15.37% | +9.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.24% | -19.83% | +4.59% |
Max Drawdown (10Y)Largest decline over 10 years | -15.24% | -47.99% | +32.75% |
Current DrawdownCurrent decline from peak | -1.96% | -4.17% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -8.78% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 5.32% | -4.48% |
Volatility
FAZTX vs. JQC - Volatility Comparison
The current volatility for Nuveen Arizona Municipal Bond Fund (FAZTX) is 1.02%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.47%. This indicates that FAZTX experiences smaller price fluctuations and is considered to be less risky than JQC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAZTX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.47% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 8.52% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 11.13% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 13.08% | -9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 17.49% | -13.48% |
FAZTX vs. JQC - Expense Ratio Comparison
FAZTX has a 0.80% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
FAZTX vs. JQC - Dividend Comparison
FAZTX's dividend yield for the trailing twelve months is around 2.65%, less than JQC's 13.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAZTX Nuveen Arizona Municipal Bond Fund | 2.65% | 3.09% | 3.07% | 2.70% | 2.56% | 2.02% | 2.58% | 2.89% | 2.81% | 2.58% | 2.82% | 3.39% |
JQC Nuveen Credit Strategies Income Fund | 13.14% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
Frequently Asked Questions
FAZTX and JQC have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.47%) compared to FAZTX (1.02%). In terms of maximum drawdown, FAZTX dropped -19.00% vs JQC's -75.18%.
FAZTX currently has the higher Sharpe Ratio (2.32 vs -0.23), 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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