JQC vs. NVHIX
JQC (Nuveen Credit Strategies Income Fund) and NVHIX (Nuveen Short Duration High Yield Municipal Bond Fund) are both mutual funds - JQC is a Bank Loan fund managed by Nuveen, while NVHIX is a High Yield Muni fund managed by Nuveen. Over the past 10 years, JQC returned 5.73%/yr vs 3.15%/yr for NVHIX. At a 0.05 correlation, their price movements are largely independent. JQC charges 4.34%/yr vs 0.55%/yr for NVHIX.
Performance
JQC vs. NVHIX - 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 NVHIX's 2.42% return. Over the past 10 years, JQC has outperformed NVHIX with an annualized return of 5.73%, while NVHIX has yielded a comparatively lower 3.15% 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%
NVHIX
- 1D
- 0.00%
- 1M
- 0.59%
- 6M
- 1.99%
- YTD
- 2.42%
- 1Y
- 5.07%
- 3Y*
- 4.69%
- 5Y*
- 1.87%
- 10Y*
- 3.15%
JQC vs. NVHIX - 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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 2.42% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
Correlation
The correlation between JQC and NVHIX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2013 | 0.05 |
The correlation between JQC and NVHIX shifts across timeframes, from -0.02 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JQC vs. NVHIX — Risk / Return Rank
JQC
NVHIX
JQC vs. NVHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Strategies Income Fund (JQC) and Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX). 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 | NVHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.62 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.66 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.16 | 7.70 | -7.86 |
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Drawdowns
JQC vs. NVHIX - Drawdown Comparison
The maximum JQC drawdown since its inception was -75.18%, which is greater than NVHIX's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for JQC and NVHIX.
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Drawdown Indicators
| JQC | NVHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.18% | -13.54% | -61.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -1.79% | -8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -4.72% | -10.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -10.54% | -9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -13.54% | -34.45% |
Current DrawdownCurrent decline from peak | -4.36% | -0.21% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -2.03% | -6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 0.68% | +4.55% |
Volatility
JQC vs. NVHIX - Volatility Comparison
Nuveen Credit Strategies Income Fund (JQC) has a higher volatility of 1.77% compared to Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) at 0.59%. This indicates that JQC's price experiences larger fluctuations and is considered to be riskier than NVHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JQC | NVHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.59% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 1.52% | +7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 2.26% | +8.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.13% | 3.33% | +9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.52% | 3.47% | +14.05% |
JQC vs. NVHIX - Expense Ratio Comparison
JQC has a 4.34% expense ratio, which is higher than NVHIX's 0.55% expense ratio.
Dividends
JQC vs. NVHIX - Dividend Comparison
JQC's dividend yield for the trailing twelve months is around 13.13%, more than NVHIX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.49% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Frequently Asked Questions
JQC and NVHIX have a correlation of -0.02, 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 NVHIX (0.59%). In terms of maximum drawdown, JQC dropped -75.18% vs NVHIX's -13.54%.
NVHIX currently has the higher Sharpe Ratio (2.12 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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