NSIOX vs. PLFRX
NSIOX (Nuveen Strategic Municipal Opportunities Fund) and PLFRX (Pacific Funds Floating Rate Income) are both mutual funds - NSIOX is a High Yield Muni fund managed by Nuveen, while PLFRX is a Bank Loan fund managed by Pacific Funds Series Trust. Over the past 10 years, NSIOX returned 2.95%/yr vs 5.08%/yr for PLFRX. At a 0.15 correlation, their price movements are largely independent. NSIOX charges 0.56%/yr vs 0.68%/yr for PLFRX.
Performance
NSIOX vs. PLFRX - Performance Comparison
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Returns By Period
In the year-to-date period, NSIOX achieves a 1.73% return, which is significantly higher than PLFRX's 0.99% return. Over the past 10 years, NSIOX has underperformed PLFRX with an annualized return of 2.95%, while PLFRX has yielded a comparatively higher 5.08% annualized return.
NSIOX
- 1D
- 0.10%
- 1M
- 1.70%
- YTD
- 1.73%
- 6M
- 2.23%
- 1Y
- 6.02%
- 3Y*
- 4.42%
- 5Y*
- 0.52%
- 10Y*
- 2.95%
PLFRX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.81%
- 3Y*
- 7.99%
- 5Y*
- 5.81%
- 10Y*
- 5.08%
NSIOX vs. PLFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 1.73% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 9.77% |
PLFRX Pacific Funds Floating Rate Income | 0.99% | 6.68% | 8.38% | 13.94% | -2.01% | 4.36% | 1.26% | 8.30% | 0.39% | 4.33% |
Correlation
The correlation between NSIOX and PLFRX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2015 | 0.15 |
The correlation between NSIOX and PLFRX shifts across timeframes, from 0.15 (all time) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NSIOX vs. PLFRX — Risk / Return Rank
NSIOX
PLFRX
NSIOX vs. PLFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Strategic Municipal Opportunities Fund (NSIOX) and Pacific Funds Floating Rate Income (PLFRX). 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 | PLFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.80 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.37 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.18 | 11.48 | -5.30 |
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Drawdowns
NSIOX vs. PLFRX - Drawdown Comparison
The maximum NSIOX drawdown since its inception was -18.38%, roughly equal to the maximum PLFRX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for NSIOX and PLFRX.
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Drawdown Indicators
| NSIOX | PLFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -18.75% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -1.73% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -2.17% | -4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -6.44% | -11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -18.38% | -18.75% | +0.37% |
Current DrawdownCurrent decline from peak | -0.36% | -0.32% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -0.73% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.51% | +0.47% |
Volatility
NSIOX vs. PLFRX - Volatility Comparison
Nuveen Strategic Municipal Opportunities Fund (NSIOX) has a higher volatility of 0.77% compared to Pacific Funds Floating Rate Income (PLFRX) at 0.64%. This indicates that NSIOX's price experiences larger fluctuations and is considered to be riskier than PLFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSIOX | PLFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.64% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 1.89% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 2.48% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 2.79% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 3.77% | +0.92% |
NSIOX vs. PLFRX - Expense Ratio Comparison
NSIOX has a 0.56% expense ratio, which is lower than PLFRX's 0.68% expense ratio.
Dividends
NSIOX vs. PLFRX - Dividend Comparison
NSIOX's dividend yield for the trailing twelve months is around 4.18%, less than PLFRX's 7.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.18% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
PLFRX Pacific Funds Floating Rate Income | 7.10% | 7.18% | 8.47% | 8.92% | 4.39% | 3.65% | 3.68% | 5.10% | 5.03% | 4.46% | 4.21% | 4.52% |
Frequently Asked Questions
NSIOX and PLFRX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NSIOX has higher volatility (0.77%) compared to PLFRX (0.64%). In terms of maximum drawdown, NSIOX dropped -18.38% vs PLFRX's -18.75%.
PLFRX currently has the higher Sharpe Ratio (2.35 vs 2.08), 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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