FSHYX vs. JQC
FSHYX (Nuveen Short Term Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - FSHYX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, FSHYX returned 1.70%/yr vs 5.75%/yr for JQC. At a 0.06 correlation, their price movements are largely independent. FSHYX charges 0.49%/yr vs 4.34%/yr for JQC.
Performance
FSHYX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, FSHYX achieves a 0.82% return, which is significantly lower than JQC's 1.98% return. Over the past 10 years, FSHYX has underperformed JQC with an annualized return of 1.70%, while JQC has yielded a comparatively higher 5.75% annualized return.
FSHYX
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 0.62%
- YTD
- 0.82%
- 1Y
- 2.29%
- 3Y*
- 3.19%
- 5Y*
- 1.53%
- 10Y*
- 1.70%
JQC
- 1D
- 0.21%
- 1M
- 0.62%
- 6M
- -0.78%
- YTD
- 1.98%
- 1Y
- -1.00%
- 3Y*
- 10.67%
- 5Y*
- 4.70%
- 10Y*
- 5.75%
FSHYX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHYX Nuveen Short Term Municipal Bond Fund | 0.82% | 3.50% | 2.86% | 3.63% | -2.66% | 0.21% | 2.24% | 4.03% | 1.45% | 2.06% |
JQC Nuveen Credit Strategies Income Fund | 1.98% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between FSHYX and JQC is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.06 |
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Return for Risk
FSHYX vs. JQC — Risk / Return Rank
FSHYX
JQC
FSHYX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short Term Municipal Bond Fund (FSHYX) 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.
| FSHYX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 0.99 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | -0.10 | +2.50 |
| Martin ratioReturn relative to average drawdown | 6.13 | -0.19 | +6.32 |
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Drawdowns
FSHYX vs. JQC - Drawdown Comparison
The maximum FSHYX drawdown since its inception was -4.96%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for FSHYX and JQC.
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Drawdown Indicators
| FSHYX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.96% | -75.18% | +70.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.96% | -10.15% | +9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.21% | -15.37% | +14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -4.80% | -19.83% | +15.03% |
Max Drawdown (10Y)Largest decline over 10 years | -4.96% | -47.99% | +43.03% |
Current DrawdownCurrent decline from peak | -0.18% | -4.16% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -0.48% | -8.79% | +8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 5.24% | -4.86% |
Volatility
FSHYX vs. JQC - Volatility Comparison
The current volatility for Nuveen Short Term Municipal Bond Fund (FSHYX) is 0.26%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.74%. This indicates that FSHYX 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
| FSHYX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 1.74% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.84% | 8.71% | -7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.17% | 11.17% | -10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.43% | 13.13% | -11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 17.51% | -16.04% |
FSHYX vs. JQC - Expense Ratio Comparison
FSHYX has a 0.49% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
FSHYX vs. JQC - Dividend Comparison
FSHYX's dividend yield for the trailing twelve months is around 2.78%, less than JQC's 13.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHYX Nuveen Short Term Municipal Bond Fund | 2.78% | 3.13% | 2.92% | 2.31% | 1.43% | 1.09% | 1.72% | 2.25% | 1.44% | 1.85% | 1.14% | 1.08% |
JQC Nuveen Credit Strategies Income Fund | 13.10% | 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
FSHYX and JQC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.74%) compared to FSHYX (0.26%). In terms of maximum drawdown, FSHYX dropped -4.96% vs JQC's -75.18%.
FSHYX currently has the higher Sharpe Ratio (1.98 vs -0.09), 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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