NVHIX vs. JQC
NVHIX (Nuveen Short Duration High Yield Municipal Bond Fund) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - NVHIX is a High Yield Muni fund managed by Nuveen, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, NVHIX returned 3.14%/yr vs 5.74%/yr for JQC. At a 0.05 correlation, their price movements are largely independent. NVHIX charges 0.55%/yr vs 4.34%/yr for JQC.
Performance
NVHIX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, NVHIX achieves a 2.42% return, which is significantly higher than JQC's 1.98% return. Over the past 10 years, NVHIX has underperformed JQC with an annualized return of 3.14%, while JQC has yielded a comparatively higher 5.74% annualized return.
NVHIX
- 1D
- 0.00%
- 1M
- 0.59%
- 6M
- 1.99%
- YTD
- 2.42%
- 1Y
- 5.07%
- 3Y*
- 4.69%
- 5Y*
- 1.87%
- 10Y*
- 3.14%
JQC
- 1D
- -0.21%
- 1M
- 0.62%
- 6M
- 0.58%
- YTD
- 1.98%
- 1Y
- -0.64%
- 3Y*
- 10.72%
- 5Y*
- 4.48%
- 10Y*
- 5.74%
NVHIX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 2.42% | 2.43% | 6.88% | 3.54% | -6.73% | 8.44% | -0.10% | 8.27% | 3.47% | 8.17% |
JQC Nuveen Credit Strategies Income Fund | 1.98% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between NVHIX and JQC is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2013 | 0.05 |
The correlation between NVHIX and JQC shifts across timeframes, from -0.02 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NVHIX vs. JQC — Risk / Return Rank
NVHIX
JQC
NVHIX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) 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.
| NVHIX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.00 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -0.05 | +2.71 |
| Martin ratioReturn relative to average drawdown | 6.95 | -0.09 | +7.04 |
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Drawdowns
NVHIX vs. JQC - Drawdown Comparison
The maximum NVHIX drawdown since its inception was -13.54%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NVHIX and JQC.
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Drawdown Indicators
| NVHIX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -75.18% | +61.64% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -10.15% | +8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -4.72% | -15.37% | +10.65% |
Max Drawdown (5Y)Largest decline over 5 years | -10.54% | -19.83% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -47.99% | +34.45% |
Current DrawdownCurrent decline from peak | -0.21% | -4.16% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -2.03% | -8.80% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 5.22% | -4.54% |
Volatility
NVHIX vs. JQC - Volatility Comparison
The current volatility for Nuveen Short Duration High Yield Municipal Bond Fund (NVHIX) is 0.59%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 1.92%. This indicates that NVHIX 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
| NVHIX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.92% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 8.71% | -7.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 11.17% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 13.13% | -9.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.47% | 17.51% | -14.04% |
NVHIX vs. JQC - Expense Ratio Comparison
NVHIX has a 0.55% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
NVHIX vs. JQC - Dividend Comparison
NVHIX's dividend yield for the trailing twelve months is around 4.49%, less than JQC's 13.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.10% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
NVHIX Nuveen Short Duration High Yield Municipal Bond Fund | 4.49% | 5.15% | 4.36% | 4.41% | 3.84% | 3.43% | 3.90% | 4.03% | 3.90% | 3.78% | 3.62% | 3.55% |
Frequently Asked Questions
NVHIX and JQC have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (1.92%) compared to NVHIX (0.59%). In terms of maximum drawdown, NVHIX dropped -13.54% vs JQC's -75.18%.
NVHIX currently has the higher Sharpe Ratio (2.12 vs -0.04), 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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