JQC vs. FRFZX
JQC (Nuveen Credit Strategies Income Fund) and FRFZX (PGIM Floating Rate Income Fund) are both Bank Loan funds. Over the past 10 years, JQC returned 5.80%/yr vs 5.35%/yr for FRFZX. At a 0.26 correlation, their price movements are largely independent. JQC charges 4.34%/yr vs 0.70%/yr for FRFZX.
Performance
JQC vs. FRFZX - Performance Comparison
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Returns By Period
In the year-to-date period, JQC achieves a 1.76% return, which is significantly lower than FRFZX's 2.94% return. Over the past 10 years, JQC has outperformed FRFZX with an annualized return of 5.80%, while FRFZX has yielded a comparatively lower 5.35% annualized return.
JQC
- 1D
- -0.63%
- 1M
- 0.41%
- 6M
- -0.10%
- YTD
- 1.76%
- 1Y
- -1.11%
- 3Y*
- 10.59%
- 5Y*
- 4.95%
- 10Y*
- 5.80%
FRFZX
- 1D
- 0.11%
- 1M
- 0.63%
- 6M
- 2.71%
- YTD
- 2.94%
- 1Y
- 5.56%
- 3Y*
- 8.12%
- 5Y*
- 5.88%
- 10Y*
- 5.35%
JQC vs. FRFZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 1.76% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
FRFZX PGIM Floating Rate Income Fund | 2.94% | 5.66% | 9.45% | 14.11% | -3.56% | 5.46% | 4.62% | 7.47% | -0.13% | 4.48% |
Correlation
The correlation between JQC and FRFZX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.26 |
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Return for Risk
JQC vs. FRFZX — Risk / Return Rank
JQC
FRFZX
JQC vs. FRFZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Strategies Income Fund (JQC) and PGIM Floating Rate Income Fund (FRFZX). 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 | FRFZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -5.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.88 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 6.56 | -6.67 |
| Martin ratioReturn relative to average drawdown | -0.21 | 20.14 | -20.35 |
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Drawdowns
JQC vs. FRFZX - Drawdown Comparison
The maximum JQC drawdown since its inception was -75.18%, which is greater than FRFZX's maximum drawdown of -21.95%. Use the drawdown chart below to compare losses from any high point for JQC and FRFZX.
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Drawdown Indicators
| JQC | FRFZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.18% | -21.95% | -53.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -0.85% | -9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -3.12% | -12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -7.85% | -11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -21.95% | -26.04% |
Current DrawdownCurrent decline from peak | -4.37% | 0.00% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -0.91% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 0.28% | +4.97% |
Volatility
JQC vs. FRFZX - Volatility Comparison
Nuveen Credit Strategies Income Fund (JQC) has a higher volatility of 1.83% compared to PGIM Floating Rate Income Fund (FRFZX) at 0.58%. This indicates that JQC's price experiences larger fluctuations and is considered to be riskier than FRFZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JQC | FRFZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 0.58% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.66% | 1.59% | +7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.17% | 2.28% | +8.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 3.10% | +10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 3.97% | +13.54% |
JQC vs. FRFZX - Expense Ratio Comparison
JQC has a 4.34% expense ratio, which is higher than FRFZX's 0.70% expense ratio.
Dividends
JQC vs. FRFZX - Dividend Comparison
JQC's dividend yield for the trailing twelve months is around 13.17%, more than FRFZX's 7.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRFZX PGIM Floating Rate Income Fund | 7.31% | 7.65% | 8.76% | 8.86% | 6.41% | 3.33% | 5.35% | 5.42% | 5.06% | 4.90% | 4.34% | 3.97% |
JQC Nuveen Credit Strategies Income Fund | 13.17% | 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 FRFZX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.83%) compared to FRFZX (0.58%). In terms of maximum drawdown, JQC dropped -75.18% vs FRFZX's -21.95%.
FRFZX currently has the higher Sharpe Ratio (2.45 vs -0.10), 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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