JLS vs. VUSSX
JLS (Nuveen Mortgage and Income Fund) and VUSSX (Invesco Quality Income Fund Class R6) are both Mortgage Backed Securities funds. Over the past 5 years, JLS returned 5.12%/yr vs 0.30%/yr for VUSSX. At a 0.17 correlation, their price movements are largely independent. JLS charges 0.04%/yr vs 0.53%/yr for VUSSX.
Performance
JLS vs. VUSSX - Performance Comparison
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Returns By Period
In the year-to-date period, JLS achieves a 0.42% return, which is significantly higher than VUSSX's 0.32% return.
JLS
- 1D
- 0.12%
- 1M
- -4.37%
- YTD
- 0.42%
- 6M
- -0.02%
- 1Y
- 4.61%
- 3Y*
- 13.65%
- 5Y*
- 5.12%
- 10Y*
- 5.63%
VUSSX
- 1D
- -0.30%
- 1M
- 0.54%
- YTD
- 0.32%
- 6M
- 0.64%
- 1Y
- 5.60%
- 3Y*
- 4.31%
- 5Y*
- 0.30%
- 10Y*
- —
JLS vs. VUSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLS Nuveen Mortgage and Income Fund | 0.42% | 11.60% | 17.86% | 14.88% | -17.88% | 11.02% | -5.38% | 4.26% | -1.02% | 12.13% |
VUSSX Invesco Quality Income Fund Class R6 | 0.32% | 8.61% | 1.38% | 4.81% | -12.14% | -1.37% | 5.79% | 6.37% | 0.26% | 1.61% |
Correlation
The correlation between JLS and VUSSX is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017 | 0.17 |
The correlation between JLS and VUSSX shifts across timeframes, from 0.10 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JLS vs. VUSSX — Risk / Return Rank
JLS
VUSSX
JLS vs. VUSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Mortgage and Income Fund (JLS) and Invesco Quality Income Fund Class R6 (VUSSX). 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 | VUSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.83 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.68 | 5.59 | -2.91 |
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Drawdowns
JLS vs. VUSSX - Drawdown Comparison
The maximum JLS drawdown since its inception was -35.18%, which is greater than VUSSX's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for JLS and VUSSX.
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Drawdown Indicators
| JLS | VUSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -18.43% | -16.75% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -3.21% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -9.28% | -7.58% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.53% | -17.85% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | — | — |
Current DrawdownCurrent decline from peak | -5.30% | -1.79% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -4.53% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.05% | +0.67% |
Volatility
JLS vs. VUSSX - Volatility Comparison
Nuveen Mortgage and Income Fund (JLS) has a higher volatility of 2.59% compared to Invesco Quality Income Fund Class R6 (VUSSX) at 1.35%. This indicates that JLS's price experiences larger fluctuations and is considered to be riskier than VUSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JLS | VUSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.35% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.22% | 3.24% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 4.29% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.60% | 6.49% | +4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 5.16% | +7.25% |
JLS vs. VUSSX - Expense Ratio Comparison
JLS has a 0.04% expense ratio, which is lower than VUSSX's 0.53% expense ratio.
Dividends
JLS vs. VUSSX - Dividend Comparison
JLS's dividend yield for the trailing twelve months is around 10.60%, more than VUSSX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLS Nuveen Mortgage and Income Fund | 10.60% | 10.13% | 9.91% | 9.29% | 6.56% | 4.61% | 4.94% | 6.20% | 9.31% | 13.44% | 7.11% | 6.68% |
VUSSX Invesco Quality Income Fund Class R6 | 3.84% | 3.69% | 4.30% | 3.20% | 3.37% | 3.49% | 4.00% | 4.09% | 4.27% | 2.78% | 0.00% | 0.00% |
Frequently Asked Questions
JLS and VUSSX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JLS has higher volatility (2.59%) compared to VUSSX (1.35%). In terms of maximum drawdown, JLS dropped -35.18% vs VUSSX's -18.43%.
VUSSX currently has the higher Sharpe Ratio (1.37 vs 0.54), 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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