JQC vs. TCPC
JQC (Nuveen Credit Strategies Income Fund) is Bank Loan fund managed by Nuveen, while TCPC (BlackRock TCP Capital Corp.) is a stock. Over the past 10 years, JQC returned 6.09%/yr vs -3.14%/yr for TCPC. At a 0.24 correlation, their price movements are largely independent.
Performance
JQC vs. TCPC - Performance Comparison
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Returns By Period
In the year-to-date period, JQC achieves a 1.56% return, which is significantly higher than TCPC's -33.58% return. Over the past 10 years, JQC has outperformed TCPC with an annualized return of 6.09%, while TCPC has yielded a comparatively lower -3.14% annualized return.
JQC
- 1D
- -0.21%
- 1M
- 1.25%
- YTD
- 1.56%
- 6M
- 2.17%
- 1Y
- 2.89%
- 3Y*
- 11.68%
- 5Y*
- 4.37%
- 10Y*
- 6.09%
TCPC
- 1D
- -3.23%
- 1M
- -7.14%
- YTD
- -33.58%
- 6M
- -32.72%
- 1Y
- -47.68%
- 3Y*
- -20.04%
- 5Y*
- -13.84%
- 10Y*
- -3.14%
JQC vs. TCPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 1.56% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
TCPC BlackRock TCP Capital Corp. | -33.58% | -26.24% | -12.26% | 3.23% | 5.61% | 30.76% | -9.17% | 19.31% | -5.59% | -1.22% |
Correlation
The correlation between JQC and TCPC is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2012 | 0.24 |
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Return for Risk
JQC vs. TCPC — Risk / Return Rank
JQC
TCPC
JQC vs. TCPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Credit Strategies Income Fund (JQC) and BlackRock TCP Capital Corp. (TCPC). 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 | TCPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.74 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -0.95 | +1.24 |
| Martin ratioReturn relative to average drawdown | 0.56 | -1.59 | +2.15 |
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Drawdowns
JQC vs. TCPC - Drawdown Comparison
The maximum JQC drawdown since its inception was -75.18%, which is greater than TCPC's maximum drawdown of -69.08%. Use the drawdown chart below to compare losses from any high point for JQC and TCPC.
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Drawdown Indicators
| JQC | TCPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.18% | -69.08% | -6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -50.21% | +40.06% |
Max Drawdown (3Y)Largest decline over 3 years | -15.37% | -58.91% | +43.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.83% | -58.91% | +39.08% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -69.08% | +21.09% |
Current DrawdownCurrent decline from peak | -4.56% | -58.63% | +54.07% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -10.07% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 30.10% | -24.95% |
Volatility
JQC vs. TCPC - Volatility Comparison
The current volatility for Nuveen Credit Strategies Income Fund (JQC) is 2.39%, while BlackRock TCP Capital Corp. (TCPC) has a volatility of 11.31%. This indicates that JQC experiences smaller price fluctuations and is considered to be less risky than TCPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JQC | TCPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 11.31% | -8.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 30.56% | -21.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 34.21% | -22.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.14% | 26.45% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.56% | 34.53% | -16.97% |
Dividends
JQC vs. TCPC - Dividend Comparison
JQC's dividend yield for the trailing twelve months is around 13.15%, less than TCPC's 26.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.15% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
TCPC BlackRock TCP Capital Corp. | 26.67% | 20.48% | 16.76% | 14.64% | 9.81% | 8.88% | 11.74% | 10.25% | 11.04% | 9.42% | 8.52% | 10.34% |
Frequently Asked Questions
JQC and TCPC have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCPC has higher volatility (11.31%) compared to JQC (2.39%). In terms of maximum drawdown, JQC dropped -75.18% vs TCPC's -69.08%.
JQC currently has the higher Sharpe Ratio (0.26 vs -1.40), 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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