VUSSX vs. JLS

Last updated Jun 23, 2026

VUSSX (Invesco Quality Income Fund Class R6) and JLS (Nuveen Mortgage and Income Fund) are both Mortgage Backed Securities funds. Over the past 5 years, VUSSX returned 0.36%/yr vs 5.17%/yr for JLS. At a 0.17 correlation, their price movements are largely independent. VUSSX charges 0.53%/yr vs 0.04%/yr for JLS.

Performance

VUSSX vs. JLS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Quality Income Fund Class R6 (VUSSX) and Nuveen Mortgage and Income Fund (JLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUSSX achieves a 0.62% return, which is significantly higher than JLS's 0.30% return.

VUSSX

• 1D: 0.30%
• 1M: 0.84%
• YTD: 0.62%
• 6M: 0.94%
• 1Y: 6.14%
• 3Y*: 4.45%
• 5Y*: 0.36%
• 10Y*: —

JLS

• 1D: -0.17%
• 1M: -4.48%
• YTD: 0.30%
• 6M: -0.63%
• 1Y: 4.49%
• 3Y*: 13.61%
• 5Y*: 5.17%
• 10Y*: 5.62%

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

VUSSX vs. JLS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUSSX Invesco Quality Income Fund Class R6	0.62%	8.61%	1.38%	4.81%	-12.14%	-1.37%	5.79%	6.37%	0.26%	1.61%
JLS Nuveen Mortgage and Income Fund	0.30%	11.60%	17.86%	14.88%	-17.88%	11.02%	-5.38%	4.26%	-1.02%	12.13%

Correlation

The correlation between VUSSX and JLS 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	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.17

The correlation between VUSSX and JLS shifts across timeframes, from 0.10 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VUSSX vs. JLS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VUSSX

VUSSX Risk / Return Rank: 30
VUSSX Sharpe Ratio Rank: 30
VUSSX Sortino Ratio Rank: 33
VUSSX Omega Ratio Rank: 30
VUSSX Calmar Ratio Rank: 31
VUSSX Martin Ratio Rank: 28

JLS

JLS Risk / Return Rank: 8
JLS Sharpe Ratio Rank: 7
JLS Sortino Ratio Rank: 7
JLS Omega Ratio Rank: 7
JLS Calmar Ratio Rank: 9
JLS Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VUSSX vs. JLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Quality Income Fund Class R6 (VUSSX) and Nuveen Mortgage and Income Fund (JLS). 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.

	VUSSX	JLS	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.52	+0.95
Sortino ratio: Return per unit of downside risk	2.22	0.82	+1.40
Omega ratio: Gain probability vs. loss probability	1.27	1.10	+0.16
Calmar ratio: Return relative to maximum drawdown	1.96	0.83	+1.13
Martin ratio: Return relative to average drawdown	6.04	2.66	+3.38

VUSSX vs. JLS - Sharpe Ratio Comparison

The current VUSSX Sharpe Ratio is 1.48, which is higher than the JLS Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of VUSSX and JLS, 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

VUSSX vs. JLS - Drawdown Comparison

The maximum VUSSX drawdown since its inception was -18.43%, smaller than the maximum JLS drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for VUSSX and JLS.

Drawdown Indicators

	VUSSX	JLS	Difference
Max Drawdown Largest peak-to-trough decline	-18.43%	-35.18%	+16.75%
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	-5.41%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-7.58%	-9.28%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-17.85%	-23.53%	+5.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.18%	—
Current Drawdown Current decline from peak	-1.49%	-5.41%	+3.92%
Average Drawdown Average peak-to-trough decline	-4.53%	-5.81%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	1.69%	-0.65%

Volatility

VUSSX vs. JLS - Volatility Comparison

The current volatility for Invesco Quality Income Fund Class R6 (VUSSX) is 1.46%, while Nuveen Mortgage and Income Fund (JLS) has a volatility of 2.60%. This indicates that VUSSX experiences smaller price fluctuations and is considered to be less risky than JLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUSSX	JLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	2.60%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	3.23%	7.36%	-4.13%
Volatility (1Y) Calculated over the trailing 1-year period	4.27%	8.64%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	10.60%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.16%	12.41%	-7.25%

VUSSX vs. JLS - Expense Ratio Comparison

VUSSX has a 0.53% expense ratio, which is higher than JLS's 0.04% expense ratio.

Dividends

VUSSX vs. JLS - Dividend Comparison

VUSSX's dividend yield for the trailing twelve months is around 3.83%, less than JLS's 10.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLS Nuveen Mortgage and Income Fund	10.62%	10.13%	9.91%	9.29%	6.56%	4.61%	4.94%	6.20%	9.31%	13.44%	7.11%	6.68%
VUSSX Invesco Quality Income Fund Class R6	3.83%	3.69%	4.30%	3.20%	3.37%	3.49%	4.00%	4.09%	4.27%	2.78%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VUSSX and JLS in my portfolio?

VUSSX and JLS 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.

Which is riskier, VUSSX or JLS?

JLS has higher volatility (2.60%) compared to VUSSX (1.46%). In terms of maximum drawdown, VUSSX dropped -18.43% vs JLS's -35.18%.

Which has better risk-adjusted returns?

VUSSX currently has the higher Sharpe Ratio (1.48 vs 0.52), 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.