JLS vs. FASEX
JLS (Nuveen Mortgage and Income Fund) and FASEX (Nuveen Mid Cap Value Fund) are both mutual funds - JLS is a Mortgage Backed Securities fund managed by Nuveen, while FASEX is a Mid Cap Value Equities fund managed by Nuveen. Over the past 10 years, JLS returned 5.20%/yr vs 11.09%/yr for FASEX. Their 0.21 correlation means their historical movements had little consistent relationship. JLS charges 0.04%/yr vs 1.16%/yr for FASEX.
Performance
JLS vs. FASEX - Performance Comparison
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Returns By Period
In the year-to-date period, JLS achieves a 0.31% return, which is significantly lower than FASEX's 19.43% return. Over the past 10 years, JLS has underperformed FASEX with an annualized return of 5.20%, while FASEX has yielded a comparatively higher 11.09% annualized return.
JLS
- 1D
- -0.29%
- 1M
- -0.22%
- 6M
- -2.88%
- YTD
- 0.31%
- 1Y
- 0.32%
- 3Y*
- 12.50%
- 5Y*
- 4.75%
- 10Y*
- 5.20%
- ALL TIME*
- 6.10%
FASEX
- 1D
- -0.11%
- 1M
- -0.37%
- 6M
- 13.22%
- YTD
- 19.43%
- 1Y
- 28.51%
- 3Y*
- 14.08%
- 5Y*
- 9.86%
- 10Y*
- 11.09%
- ALL TIME*
- 9.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $480.69K | $426.26K | $441.40K |
JLS vs. FASEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLS Nuveen Mortgage and Income Fund | 0.31% | 11.60% | 17.86% | 14.88% | -17.88% | 11.02% | -5.38% | 4.26% | -1.02% | 17.03% |
FASEX Nuveen Mid Cap Value Fund | 19.43% | 9.68% | 10.40% | 14.20% | -10.63% | 34.84% | 1.19% | 26.68% | -13.00% | 19.23% |
Correlation
The correlation between JLS and FASEX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2009 | 0.21 |
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Return for Risk
JLS vs. FASEX — Risk / Return Rank
JLS
FASEX
JLS vs. FASEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Mortgage and Income Fund (JLS) and Nuveen Mid Cap Value Fund (FASEX). 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.
| JLS | FASEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 3.76 | -3.70 |
| Martin ratioReturn relative to average drawdown | 0.14 | 14.11 | -13.97 |
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Drawdowns
JLS vs. FASEX - Drawdown Comparison
The maximum JLS drawdown since its inception was -35.18%, smaller than the maximum FASEX drawdown of -55.57%. Use the drawdown chart below to compare losses from any high point for JLS and FASEX.
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Drawdown Indicators
| JLS | FASEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -55.57% | +20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -7.37% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -22.26% | +12.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -22.26% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -44.56% | +9.38% |
Current DrawdownCurrent decline from peak | -5.40% | -1.73% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -8.90% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 1.96% | +0.36% |
Volatility
JLS vs. FASEX - Volatility Comparison
The current volatility for Nuveen Mortgage and Income Fund (JLS) is 1.70%, while Nuveen Mid Cap Value Fund (FASEX) has a volatility of 3.40%. This indicates that JLS experiences smaller price fluctuations and is considered to be less risky than FASEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLS | FASEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 3.40% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 10.40% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.47% | 13.84% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.57% | 17.94% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 20.14% | -7.73% |
JLS vs. FASEX - Expense Ratio Comparison
JLS has a 0.04% expense ratio, which is lower than FASEX's 1.16% expense ratio.
Dividends
JLS vs. FASEX - Dividend Comparison
JLS's dividend yield for the trailing twelve months is around 10.71%, less than FASEX's 12.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FASEX Nuveen Mid Cap Value Fund | 12.28% | 14.67% | 5.29% | 3.12% | 6.32% | 4.02% | 1.06% | 0.89% | 4.48% | 7.93% | 3.67% | 3.49% |
JLS Nuveen Mortgage and Income Fund | 10.71% | 10.13% | 9.91% | 9.29% | 6.56% | 4.61% | 4.94% | 6.20% | 9.31% | 13.44% | 7.11% | 6.68% |
Frequently Asked Questions
JLS and FASEX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FASEX has higher volatility (3.40%) compared to JLS (1.70%). In terms of maximum drawdown, JLS dropped -35.18% vs FASEX's -55.57%.
FASEX currently has the higher Sharpe Ratio (2.01 vs 0.04), 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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