FDAAX vs. JQC
FDAAX (Franklin Floating Rate Daily Access Fund) and JQC (Nuveen Credit Strategies Income Fund) are both Bank Loan funds. Over the past 10 years, FDAAX returned 4.39%/yr vs 5.73%/yr for JQC. At a 0.18 correlation, their price movements are largely independent. FDAAX charges 0.67%/yr vs 4.34%/yr for JQC.
Performance
FDAAX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, FDAAX achieves a 1.52% return, which is significantly lower than JQC's 1.77% return. Over the past 10 years, FDAAX has underperformed JQC with an annualized return of 4.39%, while JQC has yielded a comparatively higher 5.73% annualized return.
FDAAX
- 1D
- 0.00%
- 1M
- 0.76%
- 6M
- 1.25%
- YTD
- 1.52%
- 1Y
- 2.95%
- 3Y*
- 6.94%
- 5Y*
- 6.05%
- 10Y*
- 4.39%
JQC
- 1D
- -0.21%
- 1M
- 0.41%
- 6M
- -0.60%
- YTD
- 1.77%
- 1Y
- -0.85%
- 3Y*
- 10.59%
- 5Y*
- 4.53%
- 10Y*
- 5.73%
FDAAX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 1.52% | 4.68% | 8.52% | 14.35% | -1.37% | 8.55% | -3.71% | 3.30% | 0.95% | 2.44% |
JQC Nuveen Credit Strategies Income Fund | 1.77% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between FDAAX and JQC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.18 |
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Return for Risk
FDAAX vs. JQC — Risk / Return Rank
FDAAX
JQC
FDAAX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) 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.
| FDAAX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | -0.08 | +1.79 |
| Martin ratioReturn relative to average drawdown | 4.89 | -0.16 | +5.05 |
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Drawdowns
FDAAX vs. JQC - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.74%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for FDAAX and JQC.
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Drawdown Indicators
| FDAAX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.74% | -75.18% | +49.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.73% | -10.15% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -2.70% | -15.37% | +12.67% |
Max Drawdown (5Y)Largest decline over 5 years | -6.22% | -19.83% | +13.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.08% | -47.99% | +29.91% |
Current DrawdownCurrent decline from peak | 0.00% | -4.36% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -1.50% | -8.80% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 5.23% | -4.63% |
Volatility
FDAAX vs. JQC - Volatility Comparison
The current volatility for Franklin Floating Rate Daily Access Fund (FDAAX) is 0.74%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.77%. This indicates that FDAAX 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
| FDAAX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.77% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 8.72% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 11.19% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 13.13% | -9.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.85% | 17.52% | -13.67% |
FDAAX vs. JQC - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
FDAAX vs. JQC - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 7.87%, less than JQC's 13.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 7.87% | 8.00% | 9.42% | 7.64% | 5.84% | 3.73% | 5.07% | 5.62% | 5.18% | 3.79% | 4.57% | 4.71% |
JQC Nuveen Credit Strategies Income Fund | 13.13% | 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
FDAAX 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 (1.77%) compared to FDAAX (0.74%). In terms of maximum drawdown, FDAAX dropped -25.74% vs JQC's -75.18%.
FDAAX currently has the higher Sharpe Ratio (0.99 vs -0.08), 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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