FORCX vs. NPSRX

Last updated Jun 6, 2026

FORCX (Nuveen Oregon Intermediate Municipal Bond Fund) and NPSRX (Nuveen Preferred Securities & Income Fund) are both mutual funds - FORCX is a Municipal Bonds fund managed by Nuveen, while NPSRX is a Preferred Stock/Convertible Bonds fund managed by Nuveen. Over the past 10 years, FORCX returned 1.81%/yr vs 5.23%/yr for NPSRX. At a 0.22 correlation, their price movements are largely independent. FORCX charges 0.61%/yr vs 0.74%/yr for NPSRX.

Performance

FORCX vs. NPSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Oregon Intermediate Municipal Bond Fund (FORCX) and Nuveen Preferred Securities & Income Fund (NPSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FORCX having a 0.82% return and NPSRX slightly lower at 0.78%. Over the past 10 years, FORCX has underperformed NPSRX with an annualized return of 1.81%, while NPSRX has yielded a comparatively higher 5.23% annualized return.

FORCX

• 1D: 0.00%
• 1M: 0.35%
• YTD: 0.82%
• 6M: 1.28%
• 1Y: 5.83%
• 3Y*: 3.52%
• 5Y*: 0.89%
• 10Y*: 1.81%

NPSRX

• 1D: 0.12%
• 1M: 0.01%
• YTD: 0.78%
• 6M: 1.52%
• 1Y: 8.43%
• 3Y*: 10.03%
• 5Y*: 3.62%
• 10Y*: 5.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FORCX vs. NPSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FORCX Nuveen Oregon Intermediate Municipal Bond Fund	0.82%	4.89%	1.29%	4.85%	-7.17%	0.52%	4.77%	6.55%	0.88%	4.10%
NPSRX Nuveen Preferred Securities & Income Fund	0.78%	11.19%	9.12%	6.19%	-9.50%	5.43%	5.53%	17.68%	-5.65%	11.27%

Correlation

The correlation between FORCX and NPSRX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 19, 2006	0.22

Over the past year, FORCX and NPSRX have become more correlated (0.61) than their long-term average of 0.22, meaning their price movements have been converging.

Return for Risk

FORCX vs. NPSRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FORCX

FORCX Risk / Return Rank: 72
FORCX Sharpe Ratio Rank: 90
FORCX Sortino Ratio Rank: 94
FORCX Omega Ratio Rank: 96
FORCX Calmar Ratio Rank: 45
FORCX Martin Ratio Rank: 33

NPSRX

NPSRX Risk / Return Rank: 75
NPSRX Sharpe Ratio Rank: 88
NPSRX Sortino Ratio Rank: 94
NPSRX Omega Ratio Rank: 92
NPSRX Calmar Ratio Rank: 49
NPSRX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FORCX vs. NPSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Oregon Intermediate Municipal Bond Fund (FORCX) and Nuveen Preferred Securities & Income Fund (NPSRX). 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.

	FORCX	NPSRX	Difference
Sharpe ratio: Return per unit of total volatility	2.94	2.85	+0.09
Sortino ratio: Return per unit of downside risk	4.70	4.82	-0.13
Omega ratio: Gain probability vs. loss probability	1.85	1.69	+0.16
Calmar ratio: Return relative to maximum drawdown	2.45	2.59	-0.14
Martin ratio: Return relative to average drawdown	7.24	10.36	-3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FORCX vs. NPSRX - Sharpe Ratio Comparison

The current FORCX Sharpe Ratio is 2.94, which is comparable to the NPSRX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of FORCX and NPSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FORCX	NPSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	2.85	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.73	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.83	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	0.49	+0.67

Drawdowns

FORCX vs. NPSRX - Drawdown Comparison

The maximum FORCX drawdown since its inception was -11.47%, smaller than the maximum NPSRX drawdown of -62.52%. Use the drawdown chart below to compare losses from any high point for FORCX and NPSRX.

Drawdown Indicators

	FORCX	NPSRX	Difference
Max Drawdown Largest peak-to-trough decline	-11.47%	-62.52%	+51.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.40%	-3.30%	+0.90%
Max Drawdown (3Y) Largest decline over 3 years	-4.29%	-3.60%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-11.47%	-17.65%	+6.18%
Max Drawdown (10Y) Largest decline over 10 years	-11.47%	-26.47%	+15.00%
Current Drawdown Current decline from peak	-0.90%	-0.61%	-0.29%
Average Drawdown Average peak-to-trough decline	-1.49%	-4.82%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.82%	-0.01%

Volatility

FORCX vs. NPSRX - Volatility Comparison

The current volatility for Nuveen Oregon Intermediate Municipal Bond Fund (FORCX) is 0.84%, while Nuveen Preferred Securities & Income Fund (NPSRX) has a volatility of 1.03%. This indicates that FORCX experiences smaller price fluctuations and is considered to be less risky than NPSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FORCX	NPSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	1.03%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	1.56%	2.37%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	2.01%	3.02%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	4.99%	-2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.36%	6.32%	-2.96%

FORCX vs. NPSRX - Expense Ratio Comparison

FORCX has a 0.61% expense ratio, which is lower than NPSRX's 0.74% expense ratio.

Dividends

FORCX vs. NPSRX - Dividend Comparison

FORCX's dividend yield for the trailing twelve months is around 2.77%, less than NPSRX's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FORCX Nuveen Oregon Intermediate Municipal Bond Fund	2.77%	2.99%	2.92%	2.53%	2.13%	1.83%	2.09%	2.35%	2.33%	2.44%	2.62%	2.84%
NPSRX Nuveen Preferred Securities & Income Fund	5.38%	5.72%	5.38%	5.87%	6.18%	4.97%	5.02%	5.39%	6.00%	5.51%	5.81%	6.20%

Frequently Asked Questions

Can I hold both FORCX and NPSRX in my portfolio?

FORCX and NPSRX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FORCX or NPSRX?

NPSRX has higher volatility (1.03%) compared to FORCX (0.84%). In terms of maximum drawdown, FORCX dropped -11.47% vs NPSRX's -62.52%.

Which has better risk-adjusted returns?

FORCX currently has the higher Sharpe Ratio (2.94 vs 2.85), 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.