NTNYX vs. JQC
NTNYX (Nuveen New York Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NTNYX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NTNYX returned 1.72%/yr vs 5.56%/yr for JQC. Their 0.03 correlation means their historical movements had little consistent relationship. NTNYX charges 0.55%/yr vs 4.34%/yr for JQC.
Performance
NTNYX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, NTNYX achieves a 0.80% return, which is significantly lower than JQC's 1.97% return. Over the past 10 years, NTNYX has underperformed JQC with an annualized return of 1.72%, while JQC has yielded a comparatively higher 5.56% annualized return.
NTNYX
- 1D
- -0.31%
- 1M
- -2.06%
- 6M
- 0.34%
- YTD
- 0.80%
- 1Y
- 5.77%
- 3Y*
- 2.88%
- 5Y*
- -0.04%
- 10Y*
- 1.72%
- ALL TIME*
- 4.36%
JQC
- 1D
- -0.21%
- 1M
- -0.42%
- 6M
- -1.83%
- YTD
- 1.97%
- 1Y
- -2.16%
- 3Y*
- 10.59%
- 5Y*
- 4.73%
- 10Y*
- 5.56%
- ALL TIME*
- 4.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.37M | $2.54M | $2.74M | |
| $0.00 | $0.00 | $0.00 |
NTNYX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTNYX Nuveen New York Municipal Bond Fund | 0.80% | 2.71% | 2.44% | 7.37% | -12.23% | 3.22% | 4.11% | 7.99% | 0.48% | 6.06% |
JQC Nuveen Credit Strategies Income Fund | 1.97% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between NTNYX 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. | 0.10 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2003 | 0.03 |
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Return for Risk
NTNYX vs. JQC — Risk / Return Rank
NTNYX
JQC
NTNYX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York Municipal Bond Fund (NTNYX) 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.
| NTNYX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 0.97 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.25 | +3.00 |
| Martin ratioReturn relative to average drawdown | 8.45 | -0.47 | +8.92 |
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Drawdowns
NTNYX vs. JQC - Drawdown Comparison
The maximum NTNYX drawdown since its inception was -21.49%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NTNYX and JQC.
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Drawdown Indicators
| NTNYX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.49% | -75.18% | +53.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -10.15% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -6.74% | -15.37% | +8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.62% | -19.83% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -17.65% | -47.99% | +30.34% |
Current DrawdownCurrent decline from peak | -2.06% | -4.17% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -8.78% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 5.32% | -4.52% |
Volatility
NTNYX vs. JQC - Volatility Comparison
The current volatility for Nuveen New York Municipal Bond Fund (NTNYX) is 1.01%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.47%. This indicates that NTNYX 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
| NTNYX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.47% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 8.52% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.04% | 11.13% | -8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 13.08% | -8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.53% | 17.49% | -12.96% |
NTNYX vs. JQC - Expense Ratio Comparison
NTNYX has a 0.55% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NTNYX vs. JQC - Dividend Comparison
NTNYX's dividend yield for the trailing twelve months is around 3.52%, less than JQC's 13.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.14% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
NTNYX Nuveen New York Municipal Bond Fund | 3.52% | 4.18% | 4.16% | 3.84% | 3.39% | 2.81% | 2.99% | 3.45% | 3.42% | 3.66% | 3.84% | 3.88% |
Frequently Asked Questions
NTNYX 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 (1.47%) compared to NTNYX (1.01%). In terms of maximum drawdown, NTNYX dropped -21.49% vs JQC's -75.18%.
NTNYX currently has the higher Sharpe Ratio (2.23 vs -0.23), 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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