FKYTX vs. JQC
FKYTX (Nuveen Kentucky Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - FKYTX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, FKYTX returned 1.41%/yr vs 5.49%/yr for JQC. Their 0.02 correlation means their historical movements had little consistent relationship. FKYTX charges 0.77%/yr vs 4.34%/yr for JQC.
Performance
FKYTX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, FKYTX achieves a -0.40% return, which is significantly lower than JQC's 2.40% return. Over the past 10 years, FKYTX has underperformed JQC with an annualized return of 1.41%, while JQC has yielded a comparatively higher 5.49% annualized return.
FKYTX
- 1D
- 0.00%
- 1M
- -2.04%
- 6M
- -0.87%
- YTD
- -0.40%
- 1Y
- 5.42%
- 3Y*
- 2.86%
- 5Y*
- -0.26%
- 10Y*
- 1.41%
- ALL TIME*
- 4.20%
JQC
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- -0.06%
- YTD
- 2.40%
- 1Y
- -1.57%
- 3Y*
- 10.82%
- 5Y*
- 4.69%
- 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 | |
| $2.39M | $2.58M | $2.73M |
FKYTX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKYTX Nuveen Kentucky Municipal Bond Fund | -0.40% | 3.34% | 1.09% | 6.57% | -10.85% | 2.24% | 4.24% | 7.35% | 0.75% | 4.26% |
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 FKYTX and JQC is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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
FKYTX vs. JQC — Risk / Return Rank
FKYTX
JQC
FKYTX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Kentucky Municipal Bond Fund (FKYTX) 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.
| FKYTX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.98 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | -0.16 | +1.90 |
| Martin ratioReturn relative to average drawdown | 5.28 | -0.30 | +5.58 |
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Drawdowns
FKYTX vs. JQC - Drawdown Comparison
The maximum FKYTX drawdown since its inception was -15.24%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for FKYTX and JQC.
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Drawdown Indicators
| FKYTX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -75.18% | +59.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -10.15% | +6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -7.34% | -15.37% | +8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -19.83% | +4.67% |
Max Drawdown (10Y)Largest decline over 10 years | -15.24% | -47.99% | +32.75% |
Current DrawdownCurrent decline from peak | -2.12% | -3.76% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -8.78% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 5.33% | -4.28% |
Volatility
FKYTX vs. JQC - Volatility Comparison
The current volatility for Nuveen Kentucky Municipal Bond Fund (FKYTX) is 1.14%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.49%. This indicates that FKYTX 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
| FKYTX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.49% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 8.49% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 11.13% | -7.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 13.07% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 17.49% | -13.25% |
FKYTX vs. JQC - Expense Ratio Comparison
FKYTX has a 0.77% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
FKYTX vs. JQC - Dividend Comparison
FKYTX's dividend yield for the trailing twelve months is around 3.03%, less than JQC's 13.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKYTX Nuveen Kentucky Municipal Bond Fund | 3.03% | 3.02% | 2.70% | 2.63% | 2.72% | 2.58% | 2.58% | 2.98% | 3.17% | 3.52% | 3.73% | 3.61% |
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
FKYTX and JQC have a correlation of 0.03, 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 FKYTX (1.14%). In terms of maximum drawdown, FKYTX dropped -15.24% vs JQC's -75.18%.
FKYTX currently has the higher Sharpe Ratio (1.75 vs -0.14), 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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