JQC vs. BGT
JQC (Nuveen Credit Strategies Income Fund) and BGT (BlackRock Floating Rate Income Trust) are both Bank Loan funds. Over the past 10 years, JQC returned 5.56%/yr vs 6.51%/yr for BGT. Their 0.41 correlation means their historical movements had little consistent relationship. JQC charges 4.34%/yr vs 1.74%/yr for BGT.
Performance
JQC vs. BGT - Performance Comparison
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Returns By Period
In the year-to-date period, JQC achieves a 1.97% return, which is significantly lower than BGT's 3.20% return. Over the past 10 years, JQC has underperformed BGT with an annualized return of 5.56%, while BGT has yielded a comparatively higher 6.51% annualized return.
JQC
- 1D
- -0.21%
- 1M
- -0.42%
- 6M
- -1.83%
- YTD
- 1.97%
- 1Y
- -2.16%
- 3Y*
- 10.59%
- 5Y*
- 4.73%
- 10Y*
- 5.56%
- ALL TIME*
- 4.93%
BGT
- 1D
- 0.74%
- 1M
- 2.93%
- 6M
- 1.06%
- YTD
- 3.20%
- 1Y
- -3.09%
- 3Y*
- 8.77%
- 5Y*
- 6.83%
- 10Y*
- 6.51%
- ALL TIME*
- 5.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $1.30M | $1.18M | |
| $2.37M | $2.54M | $2.74M |
JQC vs. BGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 1.97% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
BGT BlackRock Floating Rate Income Trust | 3.20% | -0.84% | 16.12% | 26.29% | -16.57% | 25.89% | -0.81% | 18.97% | -11.95% | 3.91% |
Correlation
The correlation between JQC and BGT is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2004 | 0.41 |
The correlation between JQC and BGT has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
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Return for Risk
JQC vs. BGT — Risk / Return Rank
JQC
BGT
JQC vs. BGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Strategies Income Fund (JQC) and BlackRock Floating Rate Income Trust (BGT). 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.
| JQC | BGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.96 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.25 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.47 | -0.52 | +0.04 |
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Drawdowns
JQC vs. BGT - Drawdown Comparison
The maximum JQC drawdown since its inception was -75.18%, which is greater than BGT's maximum drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for JQC and BGT.
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Drawdown Indicators
| JQC | BGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.18% | -58.06% | -17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -11.06% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -15.91% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -23.19% | +3.36% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -41.90% | -6.09% |
Current DrawdownCurrent decline from peak | -4.17% | -3.09% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -8.10% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 5.41% | -0.09% |
Volatility
JQC vs. BGT - Volatility Comparison
The current volatility for Nuveen Credit Strategies Income Fund (JQC) is 1.47%, while BlackRock Floating Rate Income Trust (BGT) has a volatility of 3.08%. This indicates that JQC experiences smaller price fluctuations and is considered to be less risky than BGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JQC | BGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 3.08% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 7.43% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 9.95% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.08% | 13.60% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 15.35% | +2.14% |
JQC vs. BGT - Expense Ratio Comparison
JQC has a 4.34% expense ratio, which is higher than BGT's 1.74% expense ratio.
Dividends
JQC vs. BGT - Dividend Comparison
JQC's dividend yield for the trailing twelve months is around 13.14%, less than BGT's 13.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGT BlackRock Floating Rate Income Trust | 13.33% | 12.74% | 11.22% | 10.36% | 6.87% | 5.55% | 7.58% | 6.33% | 6.64% | 5.03% | 5.03% | 6.04% |
JQC Nuveen Credit Strategies Income Fund | 13.14% | 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
JQC and BGT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGT has higher volatility (3.08%) compared to JQC (1.47%). In terms of maximum drawdown, JQC dropped -75.18% vs BGT's -58.06%.
JQC currently has the higher Sharpe Ratio (-0.23 vs -0.28), 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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