ANBAX vs. NPCT
ANBAX (American Funds Strategic Bond Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, ANBAX returned -1.38%/yr vs -3.39%/yr for NPCT. At a 0.43 correlation, their price movements are largely independent. ANBAX charges 0.71%/yr vs 5.08%/yr for NPCT.
Performance
ANBAX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, ANBAX achieves a -1.52% return, which is significantly lower than NPCT's 3.14% return.
ANBAX
- 1D
- -0.11%
- 1M
- -0.72%
- 6M
- -1.63%
- YTD
- -1.52%
- 1Y
- 1.80%
- 3Y*
- 2.50%
- 5Y*
- -1.38%
- 10Y*
- —
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
ANBAX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | -1.52% | 7.18% | -0.61% | 1.52% | -12.74% | 1.97% |
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between ANBAX and NPCT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.43 |
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Return for Risk
ANBAX vs. NPCT — Risk / Return Rank
ANBAX
NPCT
ANBAX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Strategic Bond Fund (ANBAX) and Nuveen Core Plus Impact Fund (NPCT). 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.
| ANBAX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.14 | +0.51 |
| Martin ratioReturn relative to average drawdown | 0.93 | -0.31 | +1.23 |
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Drawdowns
ANBAX vs. NPCT - Drawdown Comparison
The maximum ANBAX drawdown since its inception was -19.33%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for ANBAX and NPCT.
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Drawdown Indicators
| ANBAX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -46.77% | +27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.96% | -6.79% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -6.82% | -12.59% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -46.77% | +27.44% |
Current DrawdownCurrent decline from peak | -8.37% | -16.26% | +7.89% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -25.03% | +19.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.01% | -1.41% |
Volatility
ANBAX vs. NPCT - Volatility Comparison
The current volatility for American Funds Strategic Bond Fund (ANBAX) is 1.25%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.44%. This indicates that ANBAX experiences smaller price fluctuations and is considered to be less risky than NPCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANBAX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.44% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 7.48% | -4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.01% | 9.79% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 13.10% | -6.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.40% | 13.00% | -7.60% |
ANBAX vs. NPCT - Expense Ratio Comparison
ANBAX has a 0.71% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
ANBAX vs. NPCT - Dividend Comparison
ANBAX's dividend yield for the trailing twelve months is around 4.11%, less than NPCT's 12.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ANBAX American Funds Strategic Bond Fund | 4.11% | 2.78% | 3.07% | 2.91% | 5.31% | 1.74% | 3.87% | 3.09% | 3.51% | 1.76% |
NPCT Nuveen Core Plus Impact Fund | 12.31% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ANBAX and NPCT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (2.44%) compared to ANBAX (1.25%). In terms of maximum drawdown, ANBAX dropped -19.33% vs NPCT's -46.77%.
ANBAX currently has the higher Sharpe Ratio (0.37 vs -0.09), 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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