TBIRX vs. JQC
TBIRX (Nuveen Bond Index Fund Retirement Class) and JQC (Nuveen Credit Strategies Income Fund) are both mutual funds - TBIRX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index, while JQC is a Bank Loan fund managed by Nuveen. Over the past 10 years, TBIRX returned 1.17%/yr vs 6.09%/yr for JQC. At a correlation of -0.03, they often move in opposite directions. TBIRX charges 0.32%/yr vs 4.34%/yr for JQC.
Performance
TBIRX vs. JQC - Performance Comparison
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Returns By Period
In the year-to-date period, TBIRX achieves a 0.41% return, which is significantly lower than JQC's 1.56% return. Over the past 10 years, TBIRX has underperformed JQC with an annualized return of 1.17%, while JQC has yielded a comparatively higher 6.09% annualized return.
TBIRX
- 1D
- 0.21%
- 1M
- 0.84%
- YTD
- 0.41%
- 6M
- 0.71%
- 1Y
- 4.55%
- 3Y*
- 3.64%
- 5Y*
- -0.48%
- 10Y*
- 1.17%
JQC
- 1D
- -0.21%
- 1M
- 1.25%
- YTD
- 1.56%
- 6M
- 2.17%
- 1Y
- 2.89%
- 3Y*
- 11.68%
- 5Y*
- 4.37%
- 10Y*
- 6.09%
TBIRX vs. JQC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBIRX Nuveen Bond Index Fund Retirement Class | 0.41% | 6.85% | 0.81% | 5.01% | -13.87% | -2.05% | 7.50% | 8.28% | -0.57% | 3.17% |
JQC Nuveen Credit Strategies Income Fund | 1.56% | -0.36% | 22.29% | 15.26% | -14.22% | 13.29% | -2.96% | 21.78% | -4.33% | -0.27% |
Correlation
The correlation between TBIRX and JQC is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | -0.03 |
The correlation between TBIRX and JQC shifts across timeframes, from -0.03 (all time) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TBIRX vs. JQC — Risk / Return Rank
TBIRX
JQC
TBIRX vs. JQC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Bond Index Fund Retirement Class (TBIRX) 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.
| TBIRX | JQC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.06 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.29 | +1.23 |
| Martin ratioReturn relative to average drawdown | 4.30 | 0.56 | +3.73 |
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Drawdowns
TBIRX vs. JQC - Drawdown Comparison
The maximum TBIRX drawdown since its inception was -19.64%, smaller than the maximum JQC drawdown of -75.18%. Use the drawdown chart below to compare losses from any high point for TBIRX and JQC.
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Drawdown Indicators
| TBIRX | JQC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.64% | -75.18% | +55.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -10.15% | +7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.22% | -15.37% | +9.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -19.83% | +1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -19.64% | -47.99% | +28.35% |
Current DrawdownCurrent decline from peak | -4.69% | -4.56% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -8.81% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 5.15% | -4.09% |
Volatility
TBIRX vs. JQC - Volatility Comparison
The current volatility for Nuveen Bond Index Fund Retirement Class (TBIRX) is 1.14%, while Nuveen Credit Strategies Income Fund (JQC) has a volatility of 2.39%. This indicates that TBIRX 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
| TBIRX | JQC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 2.39% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 8.80% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 11.23% | -7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 13.14% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 17.56% | -12.56% |
TBIRX vs. JQC - Expense Ratio Comparison
TBIRX has a 0.32% expense ratio, which is lower than JQC's 4.34% expense ratio.
Dividends
TBIRX vs. JQC - Dividend Comparison
TBIRX's dividend yield for the trailing twelve months is around 3.65%, less than JQC's 13.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JQC Nuveen Credit Strategies Income Fund | 13.15% | 12.91% | 11.39% | 11.42% | 9.71% | 10.03% | 16.11% | 16.14% | 6.53% | 7.42% | 6.99% | 7.51% |
TBIRX Nuveen Bond Index Fund Retirement Class | 3.65% | 3.48% | 2.91% | 2.23% | 1.89% | 1.81% | 2.90% | 2.56% | 2.23% | 2.19% | 2.06% | 1.95% |
Frequently Asked Questions
TBIRX and JQC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JQC has higher volatility (2.39%) compared to TBIRX (1.14%). In terms of maximum drawdown, TBIRX dropped -19.64% vs JQC's -75.18%.
TBIRX currently has the higher Sharpe Ratio (1.19 vs 0.26), 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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