NRK vs. JQC
NRK (Nuveen New York AMT Free Quality Municipal Income) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NRK is a Municipal Bonds fund actively managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NRK returned 1.85%/yr vs 5.49%/yr for JQC. Their 0.17 correlation means their historical movements had little consistent relationship. NRK charges 2.16%/yr vs 4.34%/yr for JQC.
Performance
NRK vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, NRK achieves a 7.26% return, which is significantly higher than JQC's 2.40% return. Over the past 10 years, NRK has underperformed JQC with an annualized return of 1.85%, while JQC has yielded a comparatively higher 5.49% annualized return.
NRK
- 1D
- 0.58%
- 1M
- -2.95%
- 6M
- 5.59%
- YTD
- 7.26%
- 1Y
- 18.18%
- 3Y*
- 7.81%
- 5Y*
- -0.64%
- 10Y*
- 1.85%
- ALL TIME*
- 4.00%
JQC
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- -0.06%
- YTD
- 2.40%
- 1Y
- -1.57%
- 3Y*
- 10.82%
- 5Y*
- 4.69%
- 10Y*
- 5.49%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.39M | $2.58M | $2.73M | |
| $2.70M | $2.41M | $2.67M |
NRK vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 7.26% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
JQC Nuveen Credit Strategies Income Fund | 2.40% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between NRK and JQC is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.17 |
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Return for Risk
NRK vs. JQC — Risk / Return Rank
NRK
JQC
NRK vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York AMT Free Quality Municipal Income (NRK) 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.
| NRK | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.98 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.16 | +3.59 |
| Martin ratioReturn relative to average drawdown | 12.19 | -0.30 | +12.48 |
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Drawdowns
NRK vs. JQC - Drawdown Comparison
The maximum NRK drawdown since its inception was -40.18%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NRK and JQC.
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Drawdown Indicators
| NRK | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -75.18% | +35.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.32% | -10.15% | +4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -15.37% | +3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -31.06% | -19.83% | -11.23% |
Max Drawdown (10Y)Largest decline over 10 years | -31.06% | -47.99% | +16.93% |
Current DrawdownCurrent decline from peak | -3.40% | -3.76% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -8.78% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 5.33% | -3.84% |
Volatility
NRK vs. JQC - Volatility Comparison
Nuveen New York AMT Free Quality Municipal Income (NRK) has a higher volatility of 2.28% compared to Nuveen Credit Strategies Income Fund (JQC) at 1.49%. This indicates that NRK'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
| NRK | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.49% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 8.49% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.51% | 11.13% | -2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.99% | 13.07% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.35% | 17.49% | -7.14% |
NRK vs. JQC - Expense Ratio Comparison
NRK has a 2.16% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NRK vs. JQC - Dividend Comparison
NRK's dividend yield for the trailing twelve months is around 7.94%, less than JQC's 13.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.09% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
NRK Nuveen New York AMT Free Quality Municipal Income | 7.94% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
Frequently Asked Questions
NRK and JQC have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRK has higher volatility (2.28%) compared to JQC (1.49%). In terms of maximum drawdown, NRK dropped -40.18% vs JQC's -75.18%.
NRK currently has the higher Sharpe Ratio (2.15 vs -0.14), 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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