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 1.80%/yr vs 6.09%/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
In the year-to-date period, FAZTX achieves a 1.75% return, which is significantly higher than JQC's 1.56% return. Over the past 10 years, FAZTX has underperformed JQC with an annualized return of 1.80%, while JQC has yielded a comparatively higher 6.09% annualized return.
FAZTX
- 1D
- 0.10%
- 1M
- 1.66%
- YTD
- 1.75%
- 6M
- 2.12%
- 1Y
- 7.06%
- 3Y*
- 3.57%
- 5Y*
- 0.45%
- 10Y*
- 1.80%
JQC
- 1D
- -0.21%
- 1M
- 1.25%
- YTD
- 1.56%
- 6M
- 2.17%
- 1Y
- 2.89%
- 3Y*
- 11.68%
- 5Y*
- 4.37%
- 10Y*
- 6.09%
FAZTX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAZTX Nuveen Arizona Municipal Bond Fund | 1.75% | 3.09% | 2.00% | 5.93% | -10.29% | 1.87% | 5.17% | 7.33% | 0.69% | 5.46% |
JQC Nuveen Credit Strategies Income Fund | 1.56% | -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 -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
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 |
The correlation between FAZTX and JQC shifts across timeframes, from -0.02 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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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 | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.06 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.29 | +2.42 |
| Martin ratioReturn relative to average drawdown | 8.67 | 0.56 | +8.10 |
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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 | -0.26% | -4.56% | +4.30% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -8.81% | +6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 5.15% | -4.33% |
Volatility
FAZTX vs. JQC - Volatility Comparison
The current volatility for Nuveen Arizona Municipal Bond Fund (FAZTX) is 0.70%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 2.39%. 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 | 0.70% | 2.39% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 8.80% | -6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 11.23% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 13.14% | -9.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 17.56% | -13.55% |
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 13.15% 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 | 13.15% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (2.39%) compared to FAZTX (0.70%). In terms of maximum drawdown, FAZTX dropped -19.00% vs JQC's -75.18%.
FAZTX currently has the higher Sharpe Ratio (2.79 vs 0.26), 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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