JPC vs. PCSFX
JPC (Nuveen Preferred and Income Opportunities Fund) and PCSFX (Principal Capital Securities Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 10 years, JPC returned 5.69%/yr vs 5.54%/yr for PCSFX. At a 0.31 correlation, their price movements are largely independent. JPC charges 0.01%/yr vs 0.00%/yr for PCSFX.
Performance
JPC vs. PCSFX - Performance Comparison
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Returns By Period
In the year-to-date period, JPC achieves a 0.03% return, which is significantly lower than PCSFX's 1.58% return. Both investments have delivered pretty close results over the past 10 years, with JPC having a 5.69% annualized return and PCSFX not far behind at 5.54%.
JPC
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 0.03%
- 6M
- 0.77%
- 1Y
- 7.53%
- 3Y*
- 17.19%
- 5Y*
- 3.69%
- 10Y*
- 5.69%
PCSFX
- 1D
- 0.10%
- 1M
- 0.82%
- YTD
- 1.58%
- 6M
- 1.85%
- 1Y
- 6.59%
- 3Y*
- 10.36%
- 5Y*
- 3.52%
- 10Y*
- 5.54%
JPC vs. PCSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPC Nuveen Preferred and Income Opportunities Fund | 0.03% | 14.00% | 27.58% | 0.75% | -19.18% | 9.75% | -2.09% | 35.25% | -12.70% | 13.35% |
PCSFX Principal Capital Securities Fund | 1.58% | 8.96% | 12.15% | 6.82% | -11.35% | 3.74% | 7.71% | 17.41% | -4.61% | 11.57% |
Correlation
The correlation between JPC and PCSFX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2014 | 0.31 |
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Return for Risk
JPC vs. PCSFX — Risk / Return Rank
JPC
PCSFX
JPC vs. PCSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred and Income Opportunities Fund (JPC) and Principal Capital Securities Fund (PCSFX). 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.
| JPC | PCSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.81 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 2.27 | -1.60 |
| Martin ratioReturn relative to average drawdown | 3.45 | 10.14 | -6.69 |
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Drawdowns
JPC vs. PCSFX - Drawdown Comparison
The maximum JPC drawdown since its inception was -76.07%, which is greater than PCSFX's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for JPC and PCSFX.
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Drawdown Indicators
| JPC | PCSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.07% | -22.42% | -53.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -2.97% | -8.46% |
Max Drawdown (3Y)Largest decline over 3 years | -11.65% | -2.97% | -8.68% |
Max Drawdown (5Y)Largest decline over 5 years | -32.26% | -18.67% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -52.53% | -22.42% | -30.11% |
Current DrawdownCurrent decline from peak | -3.16% | -0.02% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -2.47% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 0.66% | +1.53% |
Volatility
JPC vs. PCSFX - Volatility Comparison
Nuveen Preferred and Income Opportunities Fund (JPC) has a higher volatility of 2.58% compared to Principal Capital Securities Fund (PCSFX) at 0.55%. This indicates that JPC's price experiences larger fluctuations and is considered to be riskier than PCSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPC | PCSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 0.55% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 1.90% | +8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 2.15% | +9.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 4.29% | +10.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.64% | 5.04% | +15.60% |
JPC vs. PCSFX - Expense Ratio Comparison
JPC has a 0.01% expense ratio, which is higher than PCSFX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPC vs. PCSFX - Dividend Comparison
JPC's dividend yield for the trailing twelve months is around 9.95%, more than PCSFX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPC Nuveen Preferred and Income Opportunities Fund | 9.95% | 9.79% | 8.94% | 8.00% | 8.74% | 6.52% | 6.95% | 7.00% | 9.02% | 7.50% | 8.14% | 8.65% |
PCSFX Principal Capital Securities Fund | 5.67% | 5.80% | 5.50% | 5.75% | 5.68% | 4.57% | 4.88% | 5.43% | 6.07% | 5.14% | 5.08% | 5.78% |
Frequently Asked Questions
JPC and PCSFX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPC has higher volatility (2.58%) compared to PCSFX (0.55%). In terms of maximum drawdown, JPC dropped -76.07% vs PCSFX's -22.42%.
PCSFX currently has the higher Sharpe Ratio (3.14 vs 0.67), 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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