NPFD vs. NQ=F
NPFD (Nuveen Variable Rate Preferred & Income Fund) is Preferred Stock fund actively managed by Nuveen, while NQ=F (E-Mini Nasdaq 100 Futures) is an asset. Over the past 3 years, NPFD returned 14.01%/yr vs 21.38%/yr for NQ=F. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
NPFD vs. NQ=F - Performance Comparison
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Returns By Period
In the year-to-date period, NPFD achieves a 1.07% return, which is significantly lower than NQ=F's 11.12% return.
NPFD
- 1D
- -0.16%
- 1M
- -2.39%
- 6M
- -1.76%
- YTD
- 1.07%
- 1Y
- 3.44%
- 3Y*
- 14.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.76%
NQ=F
- 1D
- 0.17%
- 1M
- -4.29%
- 6M
- 10.19%
- YTD
- 11.12%
- 1Y
- 23.61%
- 3Y*
- 21.38%
- 5Y*
- 13.59%
- 10Y*
- 19.62%
- ALL TIME*
- 8.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $925.98K | $854.23K | $961.63K | |
| $17.68B | $16.69B | $17.71B |
NPFD vs. NQ=F - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NPFD Nuveen Variable Rate Preferred & Income Fund | 1.07% | 15.94% | 23.52% | -1.10% | -25.33% | 1.40% |
NQ=F E-Mini Nasdaq 100 Futures | 11.12% | 19.93% | 24.69% | 54.45% | -32.46% | 0.20% |
Correlation
The correlation between NPFD and NQ=F is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.33 |
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Return for Risk
NPFD vs. NQ=F — Risk / Return Rank
NPFD
NQ=F
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 ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.78 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.40 | 5.58 | -4.17 |
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Drawdowns
NPFD vs. NQ=F - Drawdown Comparison
The maximum NPFD drawdown since its inception was -39.18%, smaller than the maximum NQ=F drawdown of -78.99%. Use the drawdown chart below to compare losses from any high point for NPFD and NQ=F.
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Drawdown Indicators
| NPFD | NQ=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -78.99% | +39.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.88% | -11.89% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.88% | -22.50% | +12.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.28% | — |
Current DrawdownCurrent decline from peak | -4.31% | -7.90% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -29.47% | +12.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.79% | -1.53% |
Volatility
NPFD vs. NQ=F - Volatility Comparison
The current volatility for Nuveen Variable Rate Preferred & Income Fund (NPFD) is 1.66%, while E-Mini Nasdaq 100 Futures (NQ=F) has a volatility of 6.76%. This indicates that NPFD experiences smaller price fluctuations and is considered to be less risky than NQ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPFD | NQ=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 6.76% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 15.67% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 19.23% | -9.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 23.10% | -8.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 22.59% | -7.60% |
Frequently Asked Questions
NPFD and NQ=F have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NQ=F has higher volatility (6.76%) compared to NPFD (1.66%). In terms of maximum drawdown, NPFD dropped -39.18% vs NQ=F's -78.99%.
NQ=F currently has the higher Sharpe Ratio (1.10 vs 0.33), 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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