NZF vs. JQC
Compare and contrast key facts about Nuveen Municipal Credit Income Fund (NZF) and Nuveen Credit Strategies Income Fund (JQC).
NZF is a passively managed fund by Nuveen that tracks the performance of the S&P National Municipal Bond Index. It was launched on Mar 21, 2001. JQC is managed by Nuveen. It was launched on Jun 26, 2003.
Performance
NZF vs. JQC - Performance Comparison
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NZF vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | -1.35% | 11.78% | 10.09% | 2.49% | -25.53% | 11.19% | 3.58% | 28.33% | -6.79% | 14.48% |
JQC Nuveen Credit Strategies Income Fund | 0.13% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Returns By Period
In the year-to-date period, NZF achieves a -1.35% return, which is significantly lower than JQC's 0.13% return. Over the past 10 years, NZF has underperformed JQC with an annualized return of 3.66%, while JQC has yielded a comparatively higher 6.23% annualized return.
NZF
- 1D
- 2.61%
- 1M
- -5.35%
- YTD
- -1.35%
- 6M
- 0.69%
- 1Y
- 7.63%
- 3Y*
- 7.56%
- 5Y*
- 0.18%
- 10Y*
- 3.66%
JQC
- 1D
- 4.06%
- 1M
- 0.64%
- YTD
- 0.13%
- 6M
- -1.52%
- 1Y
- 2.50%
- 3Y*
- 10.88%
- 5Y*
- 5.01%
- 10Y*
- 6.23%
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NZF vs. JQC - Expense Ratio Comparison
NZF has a 1.89% expense ratio, which is lower than JQC's 4.34% expense ratio.
Return for Risk
NZF vs. JQC — Risk / Return Rank
NZF
JQC
NZF vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Municipal Credit Income Fund (NZF) 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.
| NZF | JQC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.66 | 0.16 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.01 | 0.34 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.24 | +0.84 |
Martin ratioReturn relative to average drawdown | 3.61 | 0.53 | +3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NZF | JQC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.16 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.38 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.36 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.23 | +0.13 |
Correlation
The correlation between NZF and JQC is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NZF vs. JQC - Dividend Comparison
NZF's dividend yield for the trailing twelve months is around 7.83%, less than JQC's 13.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NZF Nuveen Municipal Credit Income Fund | 7.83% | 7.58% | 6.84% | 4.51% | 5.80% | 4.63% | 4.74% | 4.82% | 6.05% | 5.86% | 6.26% | 5.50% |
JQC Nuveen Credit Strategies Income Fund | 13.21% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
Drawdowns
NZF vs. JQC - Drawdown Comparison
The maximum NZF drawdown since its inception was -48.55%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for NZF and JQC.
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Drawdown Indicators
| NZF | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.55% | -75.18% | +26.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -10.15% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -37.42% | -19.83% | -17.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.42% | -47.99% | +10.57% |
Current DrawdownCurrent decline from peak | -8.18% | -5.90% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -8.84% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 4.71% | -2.25% |
Volatility
NZF vs. JQC - Volatility Comparison
The current volatility for Nuveen Municipal Credit Income Fund (NZF) is 4.70%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 6.14%. This indicates that NZF 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
| NZF | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 6.14% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 9.33% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 15.55% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 13.12% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.02% | 17.56% | -4.54% |