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 1.71%/yr vs 5.74%/yr for JQC. At a 0.02 correlation, their price movements are largely independent. FAZTX charges 0.80%/yr vs 4.34%/yr for JQC.
Performance
FAZTX vs. JQC - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FAZTX having a 1.92% return and JQC slightly higher at 1.98%. Over the past 10 years, FAZTX has underperformed JQC with an annualized return of 1.71%, while JQC has yielded a comparatively higher 5.74% annualized return.
FAZTX
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 1.61%
- YTD
- 1.92%
- 1Y
- 6.95%
- 3Y*
- 3.65%
- 5Y*
- 0.33%
- 10Y*
- 1.71%
JQC
- 1D
- -0.21%
- 1M
- 0.62%
- 6M
- 0.58%
- YTD
- 1.98%
- 1Y
- -0.64%
- 3Y*
- 10.72%
- 5Y*
- 4.48%
- 10Y*
- 5.74%
FAZTX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAZTX Nuveen Arizona Municipal Bond Fund | 1.92% | 3.09% | 2.00% | 5.93% | -10.29% | 1.87% | 5.17% | 7.33% | 0.69% | 5.46% |
JQC Nuveen Credit Strategies Income Fund | 1.98% | -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 -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.00 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | -0.05 | +2.62 |
| Martin ratioReturn relative to average drawdown | 8.33 | -0.09 | +8.41 |
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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 | -6.39% | -15.37% | +8.98% |
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 | -0.39% | -4.16% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -8.80% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 5.22% | -4.41% |
Volatility
FAZTX vs. JQC - Volatility Comparison
The current volatility for Nuveen Arizona Municipal Bond Fund (FAZTX) is 0.52%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.92%. 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 | 0.52% | 1.92% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 8.71% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.55% | 11.17% | -8.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 13.13% | -9.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.00% | 17.51% | -13.51% |
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 2.87%, less than JQC's 13.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAZTX Nuveen Arizona Municipal Bond Fund | 2.87% | 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 | 13.10% | 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 -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.92%) compared to FAZTX (0.52%). In terms of maximum drawdown, FAZTX dropped -19.00% vs JQC's -75.18%.
FAZTX currently has the higher Sharpe Ratio (2.66 vs -0.04), 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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