FCBYX vs. VVR
FCBYX (Nuveen Strategic Income Fund) is Multisector Bonds fund managed by Nuveen, while VVR (Invesco Senior Income Trust) is a stock. Over the past 10 years, FCBYX returned 4.27%/yr vs 6.00%/yr for VVR. At a 0.09 correlation, their price movements are largely independent.
Performance
FCBYX vs. VVR - Performance Comparison
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Returns By Period
In the year-to-date period, FCBYX achieves a 1.07% return, which is significantly higher than VVR's -2.54% return. Over the past 10 years, FCBYX has underperformed VVR with an annualized return of 4.27%, while VVR has yielded a comparatively higher 6.00% annualized return.
FCBYX
- 1D
- 0.00%
- 1M
- 0.96%
- YTD
- 1.07%
- 6M
- 1.54%
- 1Y
- 6.48%
- 3Y*
- 7.32%
- 5Y*
- 2.89%
- 10Y*
- 4.27%
VVR
- 1D
- 0.00%
- 1M
- 1.66%
- YTD
- -2.54%
- 6M
- -1.64%
- 1Y
- -5.70%
- 3Y*
- 4.95%
- 5Y*
- 4.11%
- 10Y*
- 6.00%
FCBYX vs. VVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 1.07% | 8.55% | 6.86% | 9.14% | -10.36% | 1.47% | 8.45% | 13.18% | -3.07% | 5.54% |
VVR Invesco Senior Income Trust | -2.54% | -6.18% | 8.97% | 20.86% | -1.11% | 17.00% | -0.22% | 16.97% | -5.36% | 0.19% |
Correlation
The correlation between FCBYX and VVR is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2000 | 0.09 |
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Return for Risk
FCBYX vs. VVR — Risk / Return Rank
FCBYX
VVR
FCBYX vs. VVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Income Fund (FCBYX) and Invesco Senior Income Trust (VVR). 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 | VVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +4.65 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.94 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | -0.45 | +3.24 |
| Martin ratioReturn relative to average drawdown | 9.21 | -0.68 | +9.89 |
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Drawdowns
FCBYX vs. VVR - Drawdown Comparison
The maximum FCBYX drawdown since its inception was -24.49%, smaller than the maximum VVR drawdown of -73.79%. Use the drawdown chart below to compare losses from any high point for FCBYX and VVR.
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Drawdown Indicators
| FCBYX | VVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.49% | -73.79% | +49.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -12.65% | +10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.75% | -19.50% | +14.75% |
Max Drawdown (5Y)Largest decline over 5 years | -15.74% | -19.50% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -15.93% | -55.92% | +39.99% |
Current DrawdownCurrent decline from peak | -0.48% | -14.58% | +14.10% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -10.91% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 8.40% | -7.68% |
Volatility
FCBYX vs. VVR - Volatility Comparison
The current volatility for Nuveen Strategic Income Fund (FCBYX) is 0.85%, while Invesco Senior Income Trust (VVR) has a volatility of 4.02%. This indicates that FCBYX experiences smaller price fluctuations and is considered to be less risky than VVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCBYX | VVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 4.02% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 11.86% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.80% | 14.78% | -11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 16.05% | -11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 23.59% | -19.38% |
Dividends
FCBYX vs. VVR - Dividend Comparison
FCBYX's dividend yield for the trailing twelve months is around 5.38%, less than VVR's 14.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBYX Nuveen Strategic Income Fund | 5.38% | 6.22% | 6.44% | 5.59% | 4.71% | 3.08% | 3.58% | 3.69% | 3.91% | 4.92% | 5.28% | 5.53% |
VVR Invesco Senior Income Trust | 14.70% | 13.94% | 13.06% | 11.54% | 11.46% | 7.22% | 6.71% | 6.22% | 6.68% | 5.95% | 6.41% | 7.97% |
Frequently Asked Questions
FCBYX and VVR have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VVR has higher volatility (4.02%) compared to FCBYX (0.85%). In terms of maximum drawdown, FCBYX dropped -24.49% vs VVR's -73.79%.
FCBYX currently has the higher Sharpe Ratio (2.37 vs -0.39), 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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