NNY vs. JQC
NNY (Nuveen New York Municipal Value Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NNY is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NNY returned 1.37%/yr vs 5.56%/yr for JQC. Their 0.13 correlation means their historical movements had little consistent relationship. NNY charges 0.03%/yr vs 4.34%/yr for JQC.
Performance
NNY vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, NNY achieves a -1.45% return, which is significantly lower than JQC's 1.97% return. Over the past 10 years, NNY has underperformed JQC with an annualized return of 1.37%, while JQC has yielded a comparatively higher 5.56% annualized return.
NNY
- 1D
- -0.48%
- 1M
- -5.51%
- 6M
- -2.19%
- YTD
- -1.45%
- 1Y
- 6.45%
- 3Y*
- 3.43%
- 5Y*
- -0.52%
- 10Y*
- 1.37%
- ALL TIME*
- 3.29%
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 | |
| $404.02K | $287.10K | $251.44K |
NNY vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NNY Nuveen New York Municipal Value Fund | -1.45% | 11.17% | 1.19% | 4.30% | -13.41% | 1.85% | -1.65% | 13.73% | 4.51% | 4.12% |
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 NNY and JQC is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.13 |
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Return for Risk
NNY vs. JQC — Risk / Return Rank
NNY
JQC
NNY vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Value Fund (NNY) 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.
| NNY | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | -0.25 | +1.25 |
| Martin ratioReturn relative to average drawdown | 3.55 | -0.47 | +4.02 |
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Drawdowns
NNY vs. JQC - Drawdown Comparison
The maximum NNY drawdown since its inception was -36.62%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NNY and JQC.
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Drawdown Indicators
| NNY | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -75.18% | +38.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.97% | -10.15% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -15.37% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -19.62% | -19.83% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -20.02% | -47.99% | +27.97% |
Current DrawdownCurrent decline from peak | -5.83% | -4.17% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -8.78% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 5.32% | -3.35% |
Volatility
NNY vs. JQC - Volatility Comparison
Nuveen New York Municipal Value Fund (NNY) has a higher volatility of 2.72% compared to Nuveen Credit Strategies Income Fund (JQC) at 1.47%. This indicates that NNY's price experiences larger fluctuations and is considered to be riskier than JQC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNY | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 1.47% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 8.52% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 11.13% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.98% | 13.08% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.29% | 17.49% | -5.20% |
NNY vs. JQC - Expense Ratio Comparison
NNY has a 0.03% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NNY vs. JQC - Dividend Comparison
NNY's dividend yield for the trailing twelve months is around 4.30%, 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% |
NNY Nuveen New York Municipal Value Fund | 4.30% | 4.13% | 4.25% | 3.99% | 3.50% | 2.96% | 3.29% | 3.42% | 3.77% | 4.00% | 4.10% | 3.91% |
Frequently Asked Questions
NNY and JQC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNY has higher volatility (2.72%) compared to JQC (1.47%). In terms of maximum drawdown, NNY dropped -36.62% vs JQC's -75.18%.
NNY currently has the higher Sharpe Ratio (0.66 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.
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