JQC vs. DAFRX
JQC (Nuveen Credit Strategies Income Fund) and DAFRX (Dunham Floating Rate Bond Fund) are both Bank Loan funds. Over the past 10 years, JQC returned 5.73%/yr vs 3.93%/yr for DAFRX. At a 0.24 correlation, their price movements are largely independent. JQC charges 4.34%/yr vs 1.29%/yr for DAFRX.
Performance
JQC vs. DAFRX - Performance Comparison
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Returns By Period
In the year-to-date period, JQC achieves a 1.77% return, which is significantly lower than DAFRX's 2.24% return. Over the past 10 years, JQC has outperformed DAFRX with an annualized return of 5.73%, while DAFRX has yielded a comparatively lower 3.93% annualized return.
JQC
- 1D
- -0.21%
- 1M
- 0.41%
- 6M
- -0.60%
- YTD
- 1.77%
- 1Y
- -0.85%
- 3Y*
- 10.59%
- 5Y*
- 4.53%
- 10Y*
- 5.73%
DAFRX
- 1D
- 0.00%
- 1M
- 0.22%
- 6M
- 1.76%
- YTD
- 2.24%
- 1Y
- 3.84%
- 3Y*
- 6.88%
- 5Y*
- 5.09%
- 10Y*
- 3.93%
JQC vs. DAFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 1.77% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
DAFRX Dunham Floating Rate Bond Fund | 2.24% | 5.04% | 7.26% | 13.05% | -2.54% | 3.51% | -0.09% | 7.18% | -1.06% | 2.71% |
Correlation
The correlation between JQC and DAFRX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2013 | 0.24 |
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Return for Risk
JQC vs. DAFRX — Risk / Return Rank
JQC
DAFRX
JQC vs. DAFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Strategies Income Fund (JQC) and Dunham Floating Rate Bond Fund (DAFRX). 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 | DAFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.56 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.65 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.16 | 8.51 | -8.67 |
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Drawdowns
JQC vs. DAFRX - Drawdown Comparison
The maximum JQC drawdown since its inception was -75.18%, which is greater than DAFRX's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for JQC and DAFRX.
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Drawdown Indicators
| JQC | DAFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.18% | -19.42% | -55.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -1.45% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -3.34% | -12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -7.08% | -12.75% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -19.42% | -28.57% |
Current DrawdownCurrent decline from peak | -4.36% | -0.02% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -0.96% | -7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 0.45% | +4.78% |
Volatility
JQC vs. DAFRX - Volatility Comparison
Nuveen Credit Strategies Income Fund (JQC) has a higher volatility of 1.77% compared to Dunham Floating Rate Bond Fund (DAFRX) at 0.34%. This indicates that JQC's price experiences larger fluctuations and is considered to be riskier than DAFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JQC | DAFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.34% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 1.29% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 1.67% | +9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 2.24% | +10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 3.38% | +14.14% |
JQC vs. DAFRX - Expense Ratio Comparison
JQC has a 4.34% expense ratio, which is higher than DAFRX's 1.29% expense ratio.
Dividends
JQC vs. DAFRX - Dividend Comparison
JQC's dividend yield for the trailing twelve months is around 13.13%, more than DAFRX's 7.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAFRX Dunham Floating Rate Bond Fund | 7.42% | 7.26% | 7.87% | 8.91% | 5.76% | 3.13% | 3.27% | 4.36% | 4.30% | 3.31% | 3.01% | 3.13% |
JQC Nuveen Credit Strategies Income Fund | 13.13% | 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 DAFRX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.77%) compared to DAFRX (0.34%). In terms of maximum drawdown, JQC dropped -75.18% vs DAFRX's -19.42%.
DAFRX currently has the higher Sharpe Ratio (2.31 vs -0.08), 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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