NSIOX vs. JQC
NSIOX (Nuveen Strategic Municipal Opportunities Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NSIOX is a High Yield Muni fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NSIOX returned 2.79%/yr vs 5.49%/yr for JQC. Their 0.04 correlation means their historical movements had little consistent relationship. NSIOX charges 0.56%/yr vs 4.34%/yr for JQC.
Performance
NSIOX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, NSIOX achieves a 0.70% return, which is significantly lower than JQC's 2.40% return. Over the past 10 years, NSIOX has underperformed JQC with an annualized return of 2.79%, while JQC has yielded a comparatively higher 5.49% annualized return.
NSIOX
- 1D
- 0.26%
- 1M
- -1.67%
- 6M
- 0.00%
- YTD
- 0.70%
- 1Y
- 5.24%
- 3Y*
- 4.04%
- 5Y*
- 0.08%
- 10Y*
- 2.79%
- ALL TIME*
- 3.32%
JQC
- 1D
- 0.42%
- 1M
- -0.01%
- 6M
- -0.84%
- YTD
- 2.40%
- 1Y
- -1.75%
- 3Y*
- 10.82%
- 5Y*
- 4.66%
- 10Y*
- 5.49%
- ALL TIME*
- 4.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.47M | $2.59M | $2.73M | |
| $0.00 | $0.00 | $0.00 |
NSIOX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 0.70% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
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 NSIOX and JQC is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2015 | 0.04 |
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Return for Risk
NSIOX vs. JQC — Risk / Return Rank
NSIOX
JQC
NSIOX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) 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.
| NSIOX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.98 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.17 | +2.06 |
| Martin ratioReturn relative to average drawdown | 5.82 | -0.33 | +6.15 |
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Drawdowns
NSIOX vs. JQC - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NSIOX and JQC.
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Drawdown Indicators
| NSIOX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -75.18% | +56.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -10.15% | +7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -5.60% | -15.37% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -19.83% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -47.99% | +29.61% |
Current DrawdownCurrent decline from peak | -1.67% | -3.76% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -8.78% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 5.32% | -4.38% |
Volatility
NSIOX vs. JQC - Volatility Comparison
The current volatility for Nuveen Strategic Municipal Opportunities Fund (NSIOX) is 1.01%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.49%. This indicates that NSIOX experiences smaller price fluctuations and is considered to be less risky 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
| NSIOX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.49% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 8.51% | -6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.97% | 11.15% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 13.07% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 17.49% | -12.81% |
NSIOX vs. JQC - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NSIOX vs. JQC - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.22%, 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% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.22% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
Frequently Asked Questions
NSIOX and JQC have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.49%) compared to NSIOX (1.01%). In terms of maximum drawdown, NSIOX dropped -18.38% vs JQC's -75.18%.
NSIOX currently has the higher Sharpe Ratio (1.89 vs -0.16), 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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