BCPIX vs. NPCT
BCPIX (Brandes Core Plus Fixed Income Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BCPIX returned 0.52%/yr vs -3.31%/yr for NPCT. At a 0.50 correlation, their price movements are largely independent. BCPIX charges 0.30%/yr vs 5.08%/yr for NPCT.
Performance
BCPIX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, BCPIX achieves a -0.29% return, which is significantly lower than NPCT's 3.56% return.
BCPIX
- 1D
- -0.36%
- 1M
- -0.45%
- 6M
- -0.29%
- YTD
- -0.29%
- 1Y
- 3.32%
- 3Y*
- 3.89%
- 5Y*
- 0.52%
- 10Y*
- 1.63%
NPCT
- 1D
- 0.40%
- 1M
- 0.60%
- 6M
- 2.75%
- YTD
- 3.56%
- 1Y
- -0.08%
- 3Y*
- 11.53%
- 5Y*
- -3.31%
- 10Y*
- —
BCPIX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | -0.29% | 6.71% | 1.98% | 6.70% | -10.78% | 0.86% |
NPCT Nuveen Core Plus Impact Fund | 3.56% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between BCPIX and NPCT is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.50 |
The correlation between BCPIX and NPCT has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
BCPIX vs. NPCT — Risk / Return Rank
BCPIX
NPCT
BCPIX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Core Plus Fixed Income Fund (BCPIX) 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.
| BCPIX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -0.01 | +1.28 |
| Martin ratioReturn relative to average drawdown | 3.74 | -0.03 | +3.77 |
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Drawdowns
BCPIX vs. NPCT - Drawdown Comparison
The maximum BCPIX drawdown since its inception was -22.43%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for BCPIX and NPCT.
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Drawdown Indicators
| BCPIX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -46.77% | +24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -6.79% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -12.59% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -46.77% | +31.58% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -15.93% | +14.43% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -25.03% | +20.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 3.00% | -2.11% |
Volatility
BCPIX vs. NPCT - Volatility Comparison
The current volatility for Brandes Core Plus Fixed Income Fund (BCPIX) is 1.13%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.37%. This indicates that BCPIX 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
| BCPIX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.37% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 7.48% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 9.78% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 13.10% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 12.99% | -8.81% |
BCPIX vs. NPCT - Expense Ratio Comparison
BCPIX has a 0.30% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
BCPIX vs. NPCT - Dividend Comparison
BCPIX's dividend yield for the trailing twelve months is around 4.29%, less than NPCT's 12.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCPIX Brandes Core Plus Fixed Income Fund | 4.29% | 4.32% | 3.67% | 2.91% | 2.54% | 1.89% | 1.76% | 2.77% | 2.90% | 2.49% | 2.84% | 2.72% |
NPCT Nuveen Core Plus Impact Fund | 12.26% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCPIX and NPCT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (2.37%) compared to BCPIX (1.13%). In terms of maximum drawdown, BCPIX dropped -22.43% vs NPCT's -46.77%.
BCPIX currently has the higher Sharpe Ratio (0.95 vs -0.01), 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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