NCSPX vs. JQC
NCSPX (Nuveen California Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NCSPX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NCSPX returned 1.77%/yr vs 5.56%/yr for JQC. Their 0.03 correlation means their historical movements had little consistent relationship. NCSPX charges 0.54%/yr vs 4.34%/yr for JQC.
Performance
NCSPX vs. JQC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NCSPX achieves a 0.62% return, which is significantly lower than JQC's 1.97% return. Over the past 10 years, NCSPX has underperformed JQC with an annualized return of 1.77%, while JQC has yielded a comparatively higher 5.56% annualized return.
NCSPX
- 1D
- -0.20%
- 1M
- -1.89%
- 6M
- 0.19%
- YTD
- 0.62%
- 1Y
- 5.79%
- 3Y*
- 3.24%
- 5Y*
- -0.06%
- 10Y*
- 1.77%
- ALL TIME*
- 4.45%
JQC
- 1D
- -0.21%
- 1M
- -0.42%
- 6M
- -1.83%
- YTD
- 1.97%
- 1Y
- -2.16%
- 3Y*
- 10.59%
- 5Y*
- 4.73%
- 10Y*
- 5.56%
- ALL TIME*
- 4.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $2.54M | $2.74M | |
| $0.00 | $0.00 | $0.00 |
NCSPX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCSPX Nuveen California Municipal Bond Fund | 0.62% | 3.02% | 3.16% | 5.73% | -11.26% | 1.71% | 5.40% | 8.42% | 0.34% | 6.78% |
JQC Nuveen Credit Strategies Income Fund | 1.97% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between NCSPX and JQC is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NCSPX vs. JQC — Risk / Return Rank
NCSPX
JQC
NCSPX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen California Municipal Bond Fund (NCSPX) and Nuveen Credit Strategies Income Fund (JQC). 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.
| NCSPX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.66 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.97 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | -0.25 | +3.14 |
| Martin ratioReturn relative to average drawdown | 8.79 | -0.47 | +9.26 |
Loading charts...
Drawdowns
NCSPX vs. JQC - Drawdown Comparison
The maximum NCSPX drawdown since its inception was -20.10%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NCSPX and JQC.
Loading charts...
Drawdown Indicators
| NCSPX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.10% | -75.18% | +55.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -10.15% | +7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -6.39% | -15.37% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.28% | -19.83% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -17.28% | -47.99% | +30.71% |
Current DrawdownCurrent decline from peak | -1.89% | -4.17% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -8.78% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 5.32% | -4.54% |
Volatility
NCSPX vs. JQC - Volatility Comparison
The current volatility for Nuveen California Municipal Bond Fund (NCSPX) is 0.81%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.47%. This indicates that NCSPX experiences smaller price fluctuations and is considered to be less risky than JQC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NCSPX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 1.47% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 8.52% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 11.13% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.40% | 13.08% | -8.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 17.49% | -12.97% |
NCSPX vs. JQC - Expense Ratio Comparison
NCSPX has a 0.54% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NCSPX vs. JQC - Dividend Comparison
NCSPX's dividend yield for the trailing twelve months is around 3.29%, less than JQC's 13.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.14% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
NCSPX Nuveen California Municipal Bond Fund | 3.29% | 3.91% | 3.92% | 3.80% | 3.51% | 2.47% | 2.70% | 3.47% | 3.51% | 3.37% | 3.60% | 3.92% |
Frequently Asked Questions
NCSPX and JQC have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.47%) compared to NCSPX (0.81%). In terms of maximum drawdown, NCSPX dropped -20.10% vs JQC's -75.18%.
NCSPX currently has the higher Sharpe Ratio (2.43 vs -0.23), 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.
Find the right allocation for NCSPX and JQC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer