NPFD vs. JPDIX
NPFD (Nuveen Variable Rate Preferred & Income Fund) and JPDIX (JPMorgan Preferred and Income Securities Fund) are both Preferred Stock/Convertible Bonds funds. Over the past 3 years, NPFD returned 17.27%/yr vs 9.59%/yr for JPDIX. At a 0.42 correlation, their price movements are largely independent.
Performance
NPFD vs. JPDIX - Performance Comparison
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Returns By Period
In the year-to-date period, NPFD achieves a 3.06% return, which is significantly higher than JPDIX's 1.39% return.
NPFD
- 1D
- -0.84%
- 1M
- -1.02%
- YTD
- 3.06%
- 6M
- 0.11%
- 1Y
- 9.94%
- 3Y*
- 17.27%
- 5Y*
- —
- 10Y*
- —
JPDIX
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.39%
- 6M
- 2.15%
- 1Y
- 7.67%
- 3Y*
- 9.59%
- 5Y*
- —
- 10Y*
- —
NPFD vs. JPDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NPFD Nuveen Variable Rate Preferred & Income Fund | 3.06% | 15.94% | 23.52% | -1.10% | -18.63% |
JPDIX JPMorgan Preferred and Income Securities Fund | 1.39% | 8.64% | 10.59% | 7.02% | -8.33% |
Correlation
The correlation between NPFD and JPDIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2022 | 0.42 |
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Return for Risk
NPFD vs. JPDIX — Risk / Return Rank
NPFD
JPDIX
NPFD vs. JPDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Variable Rate Preferred & Income Fund (NPFD) and JPMorgan Preferred and Income Securities Fund (JPDIX). 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.
| NPFD | JPDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.73 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.68 | -1.67 |
| Martin ratioReturn relative to average drawdown | 5.01 | 13.23 | -8.22 |
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
| NPFD | JPDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 2.74 | -1.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.85 | -0.70 |
Drawdowns
NPFD vs. JPDIX - Drawdown Comparison
The maximum NPFD drawdown since its inception was -39.18%, which is greater than JPDIX's maximum drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for NPFD and JPDIX.
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Drawdown Indicators
| NPFD | JPDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -14.56% | -24.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -2.92% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -9.88% | -4.27% | -5.61% |
Current DrawdownCurrent decline from peak | -2.43% | 0.00% | -2.43% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -3.48% | -13.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.59% | +1.40% |
Volatility
NPFD vs. JPDIX - Volatility Comparison
Nuveen Variable Rate Preferred & Income Fund (NPFD) has a higher volatility of 2.44% compared to JPMorgan Preferred and Income Securities Fund (JPDIX) at 0.87%. This indicates that NPFD's price experiences larger fluctuations and is considered to be riskier than JPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPFD | JPDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 0.87% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.29% | 2.36% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.85% | 2.85% | +7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 5.18% | +10.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 5.18% | +10.04% |
Dividends
NPFD vs. JPDIX - Dividend Comparison
NPFD's dividend yield for the trailing twelve months is around 10.32%, more than JPDIX's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JPDIX JPMorgan Preferred and Income Securities Fund | 5.64% | 5.53% | 4.97% | 4.45% | 2.19% |
NPFD Nuveen Variable Rate Preferred & Income Fund | 10.32% | 10.50% | 9.57% | 6.61% | 8.33% |
Frequently Asked Questions
NPFD and JPDIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPFD has higher volatility (2.44%) compared to JPDIX (0.87%). In terms of maximum drawdown, NPFD dropped -39.18% vs JPDIX's -14.56%.
JPDIX currently has the higher Sharpe Ratio (2.74 vs 1.01), 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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