JRI vs. LQDW
JRI (Nuveen Real Asset Income and Growth Fund) is a stock, while LQDW (iShares Investment Grade Corporate Bond Buywrite Strategy ETF) is Corporate Bonds fund tracking the CBOE LQD BuyWrite Index. Over the past 3 years, JRI returned 16.97%/yr vs 3.79%/yr for LQDW. At a 0.36 correlation, their price movements are largely independent. JRI charges 2.09%/yr vs 0.34%/yr for LQDW.
Performance
JRI vs. LQDW - Performance Comparison
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Returns By Period
In the year-to-date period, JRI achieves a -0.76% return, which is significantly lower than LQDW's 1.25% return.
JRI
- 1D
- -0.16%
- 1M
- -0.38%
- YTD
- -0.76%
- 6M
- -0.44%
- 1Y
- 11.63%
- 3Y*
- 16.97%
- 5Y*
- 6.17%
- 10Y*
- 7.16%
LQDW
- 1D
- -0.20%
- 1M
- 0.83%
- YTD
- 1.25%
- 6M
- 1.65%
- 1Y
- 6.49%
- 3Y*
- 3.79%
- 5Y*
- —
- 10Y*
- —
JRI vs. LQDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRI Nuveen Real Asset Income and Growth Fund | -0.76% | 26.76% | 16.27% | 10.08% | -11.93% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 1.25% | 9.05% | 2.60% | 3.99% | -6.78% |
Correlation
The correlation between JRI and LQDW is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022 | 0.36 |
The correlation between JRI and LQDW shifts across timeframes, from 0.19 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JRI vs. LQDW — Risk / Return Rank
JRI
LQDW
JRI vs. LQDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Asset Income and Growth Fund (JRI) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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.
| JRI | LQDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.51 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.35 | 9.39 | -6.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRI | LQDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.85 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.46 | -0.09 |
Drawdowns
JRI vs. LQDW - Drawdown Comparison
The maximum JRI drawdown since its inception was -60.74%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for JRI and LQDW.
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Drawdown Indicators
| JRI | LQDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.74% | -9.20% | -51.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -2.59% | -10.33% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -6.74% | -8.61% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.74% | — | — |
Current DrawdownCurrent decline from peak | -2.97% | -0.35% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -2.35% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 0.69% | +2.79% |
Volatility
JRI vs. LQDW - Volatility Comparison
Nuveen Real Asset Income and Growth Fund (JRI) has a higher volatility of 6.38% compared to iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) at 1.46%. This indicates that JRI's price experiences larger fluctuations and is considered to be riskier than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRI | LQDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.38% | 1.46% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 3.02% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.55% | 3.53% | +11.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.40% | 5.49% | +11.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 5.49% | +15.80% |
JRI vs. LQDW - Expense Ratio Comparison
JRI has a 2.09% expense ratio, which is higher than LQDW's 0.34% expense ratio.
Dividends
JRI vs. LQDW - Dividend Comparison
JRI's dividend yield for the trailing twelve months is around 12.51%, which matches LQDW's 12.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRI Nuveen Real Asset Income and Growth Fund | 12.51% | 11.77% | 11.83% | 9.18% | 9.90% | 7.18% | 9.06% | 7.05% | 9.33% | 7.21% | 8.57% | 10.33% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 12.57% | 16.02% | 15.74% | 19.28% | 8.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRI and LQDW have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRI has higher volatility (6.38%) compared to LQDW (1.46%). In terms of maximum drawdown, JRI dropped -60.74% vs LQDW's -9.20%.
LQDW currently has the higher Sharpe Ratio (1.85 vs 0.80), 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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