NUVBX vs. JQC

Last updated Aug 1, 2026

NUVBX (Nuveen Intermediate Duration Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NUVBX is a Municipal Bonds fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NUVBX returned 2.05%/yr vs 5.56%/yr for JQC. Their 0.05 correlation means their historical movements had little consistent relationship. NUVBX charges 0.44%/yr vs 4.34%/yr for JQC.

Performance

NUVBX vs. JQC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) and Nuveen Credit Strategies Income Fund (JQC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUVBX achieves a -0.52% return, which is significantly lower than JQC's 1.97% return. Over the past 10 years, NUVBX has underperformed JQC with an annualized return of 2.05%, while JQC has yielded a comparatively higher 5.56% annualized return.

NUVBX

• 1D: -0.23%
• 1M: -1.80%
• 6M: -1.35%
• YTD: -0.52%
• 1Y: 3.36%
• 3Y*: 3.08%
• 5Y*: 0.71%
• 10Y*: 2.05%
• ALL TIME*: 3.52%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JQC Nuveen Credit Strategies Income Fund	$2.37M	$2.54M	$2.74M
NUVBX Nuveen Intermediate Duration Municipal Bond Fund	$0.00	$0.00	$0.00

NUVBX vs. JQC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUVBX Nuveen Intermediate Duration Municipal Bond Fund	-0.52%	4.83%	1.98%	5.89%	-7.92%	1.99%	4.47%	7.44%	1.63%	6.26%
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 NUVBX and JQC is 0.08, 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.	0.08
Correlation (3Y) Balances recent behavior with more history.	0.09
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 Jun 26, 2003	0.05

Return for Risk

NUVBX vs. JQC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NUVBX

NUVBX Risk / Return Rank: 55
NUVBX Sharpe Ratio Rank: 67
NUVBX Sortino Ratio Rank: 68
NUVBX Omega Ratio Rank: 82
NUVBX Calmar Ratio Rank: 32
NUVBX Martin Ratio Rank: 25

JQC

JQC Risk / Return Rank: 3
JQC Sharpe Ratio Rank: 3
JQC Sortino Ratio Rank: 2
JQC Omega Ratio Rank: 3
JQC Calmar Ratio Rank: 3
JQC Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NUVBX vs. JQC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) 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.

	NUVBX	JQC	Difference
Sharpe ratio: Return per unit of total volatility	1.65	-0.23	+1.87
Sortino ratio: Return per unit of downside risk	2.38	-0.25	+2.63
Omega ratio: Gain probability vs. loss probability	1.39	0.97	+0.42
Calmar ratio: Return relative to maximum drawdown	1.45	-0.25	+1.70
Martin ratio: Return relative to average drawdown	3.78	-0.47	+4.25

NUVBX vs. JQC - Sharpe Ratio Comparison

The current NUVBX Sharpe Ratio is 1.65, which is higher than the JQC Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of NUVBX and JQC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NUVBX vs. JQC - Drawdown Comparison

The maximum NUVBX drawdown since its inception was -31.28%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NUVBX and JQC.

Drawdown Indicators

	NUVBX	JQC	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-75.18%	+43.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-10.15%	+7.28%
Max Drawdown (3Y) Largest decline over 3 years	-4.56%	-15.37%	+10.81%
Max Drawdown (5Y) Largest decline over 5 years	-12.01%	-19.83%	+7.82%
Max Drawdown (10Y) Largest decline over 10 years	-12.03%	-47.99%	+35.96%
Current Drawdown Current decline from peak	-2.50%	-4.17%	+1.67%
Average Drawdown Average peak-to-trough decline	-3.52%	-8.78%	+5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	5.32%	-4.22%

Volatility

NUVBX vs. JQC - Volatility Comparison

The current volatility for Nuveen Intermediate Duration Municipal Bond Fund (NUVBX) is 0.92%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.47%. This indicates that NUVBX 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.

Volatility by Period

	NUVBX	JQC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.92%	1.47%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	8.52%	-6.45%
Volatility (1Y) Calculated over the trailing 1-year period	2.53%	11.13%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.47%	13.08%	-9.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	17.49%	-13.89%

NUVBX vs. JQC - Expense Ratio Comparison

NUVBX has a 0.44% expense ratio, which is lower than JQC's 4.34% expense ratio.

Dividends

NUVBX vs. JQC - Dividend Comparison

NUVBX's dividend yield for the trailing twelve months is around 2.89%, 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%
NUVBX Nuveen Intermediate Duration Municipal Bond Fund	2.89%	3.31%	3.22%	2.81%	2.60%	2.18%	2.55%	3.06%	3.02%	2.97%	3.15%	2.97%

Frequently Asked Questions

Can I hold both NUVBX and JQC in my portfolio?

NUVBX and JQC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUVBX or JQC?

JQC has higher volatility (1.47%) compared to NUVBX (0.92%). In terms of maximum drawdown, NUVBX dropped -31.28% vs JQC's -75.18%.

Which has better risk-adjusted returns?

NUVBX currently has the higher Sharpe Ratio (1.65 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.