FCBYX vs. JQC
FCBYX (Nuveen Strategic Income Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - FCBYX is a Multisector Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, FCBYX returned 3.99%/yr vs 5.49%/yr for JQC. Their 0.20 correlation means their historical movements had little consistent relationship. FCBYX charges 0.59%/yr vs 4.34%/yr for JQC.
Performance
FCBYX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, FCBYX achieves a 0.96% return, which is significantly lower than JQC's 2.40% return. Over the past 10 years, FCBYX has underperformed JQC with an annualized return of 3.99%, while JQC has yielded a comparatively higher 5.49% annualized return.
FCBYX
- 1D
- 0.35%
- 1M
- -0.46%
- 6M
- 0.48%
- YTD
- 0.96%
- 1Y
- 4.38%
- 3Y*
- 6.97%
- 5Y*
- 2.69%
- 10Y*
- 3.99%
- ALL TIME*
- 4.96%
JQC
- 1D
- 0.42%
- 1M
- -0.01%
- 6M
- -0.84%
- YTD
- 2.40%
- 1Y
- -1.75%
- 3Y*
- 10.82%
- 5Y*
- 4.66%
- 10Y*
- 5.49%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $2.47M | $2.59M | $2.73M |
FCBYX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 0.96% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
JQC Nuveen Credit Strategies Income Fund | 2.40% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between FCBYX and JQC is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.20 |
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Return for Risk
FCBYX vs. JQC — Risk / Return Rank
FCBYX
JQC
FCBYX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Income Fund (FCBYX) 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.
| FCBYX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.98 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.17 | +2.16 |
| Martin ratioReturn relative to average drawdown | 6.44 | -0.33 | +6.77 |
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Drawdowns
FCBYX vs. JQC - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.49%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for FCBYX and JQC.
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Drawdown Indicators
| FCBYX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.49% | -75.18% | +50.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -10.15% | +7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.16% | -15.37% | +11.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -19.83% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -47.99% | +32.06% |
Current DrawdownCurrent decline from peak | -0.59% | -3.76% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -2.39% | -8.78% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 5.32% | -4.59% |
Volatility
FCBYX vs. JQC - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 0.67%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.49%. This indicates that FCBYX 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
| FCBYX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.49% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 8.51% | -6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.74% | 11.15% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.14% | 13.07% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 17.49% | -13.30% |
FCBYX vs. JQC - Expense Ratio Comparison
FCBYX has a 0.59% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
FCBYX vs. JQC - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 5.26%, less than JQC's 13.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 5.26% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
JQC Nuveen Credit Strategies Income Fund | 13.09% | 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
FCBYX and JQC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.49%) compared to FCBYX (0.67%). In terms of maximum drawdown, FCBYX dropped -24.49% vs JQC's -75.18%.
FCBYX currently has the higher Sharpe Ratio (1.77 vs -0.16), 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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