NPFD vs. NQ=F

Last updated Jun 24, 2026

NPFD (Nuveen Variable Rate Preferred & Income Fund) is Preferred Stock/Convertible Bonds fund actively managed by Nuveen, while NQ=F (E-Mini Nasdaq 100 Futures) is an asset. At a 0.18 correlation, their price movements are largely independent.

Performance

NPFD vs. NQ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Variable Rate Preferred & Income Fund (NPFD) and E-Mini Nasdaq 100 Futures (NQ=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NPFD

• 1D: 0.05%
• 1M: -0.93%
• YTD: 1.89%
• 6M: 1.46%
• 1Y: 7.51%
• 3Y*: 17.01%
• 5Y*: —
• 10Y*: —

NQ=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NPFD vs. NQ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NPFD Nuveen Variable Rate Preferred & Income Fund	1.89%	15.94%	23.52%	-1.10%	-25.33%	1.40%
NQ=F E-Mini Nasdaq 100 Futures	0.00%	0.00%	0.00%	24.43%	-32.46%	0.20%

Correlation

The correlation between NPFD and NQ=F is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.18

Return for Risk

NPFD vs. NQ=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NPFD

NPFD Risk / Return Rank: 11
NPFD Sharpe Ratio Rank: 10
NPFD Sortino Ratio Rank: 10
NPFD Omega Ratio Rank: 11
NPFD Calmar Ratio Rank: 8
NPFD Martin Ratio Rank: 14

NQ=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NPFD vs. NQ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Variable Rate Preferred & Income Fund (NPFD) and E-Mini Nasdaq 100 Futures (NQ=F). 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.

	NPFD	NQ=F	Difference
Sharpe ratio: Return per unit of total volatility	0.78	—	—
Sortino ratio: Return per unit of downside risk	1.13	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.76	—	—
Martin ratio: Return relative to average drawdown	3.57	—	—

Drawdowns

Drawdown Indicators

	NPFD	NQ=F	Difference
Max Drawdown Largest peak-to-trough decline	-39.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.88%	—	—
Current Drawdown Current decline from peak	-3.54%	—	—
Average Drawdown Average peak-to-trough decline	-17.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	—	—

Volatility

Volatility by Period

	NPFD	NQ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.14%	—	—

Frequently Asked Questions

Can I hold both NPFD and NQ=F in my portfolio?

NPFD and NQ=F have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.