BLPAX vs. NWQIX
BLPAX (American Funds Moderate Growth and Income Portfolio Class A) and NWQIX (Nuveen Flexible Income Fund) are both Diversified Portfolio funds. Over the past 10 years, BLPAX returned 9.38%/yr vs 5.76%/yr for NWQIX. A 0.69 correlation means they provide meaningful diversification when combined. BLPAX charges 0.66%/yr vs 0.70%/yr for NWQIX.
Performance
BLPAX vs. NWQIX - Performance Comparison
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Returns By Period
In the year-to-date period, BLPAX achieves a 7.14% return, which is significantly higher than NWQIX's 5.55% return. Over the past 10 years, BLPAX has outperformed NWQIX with an annualized return of 9.38%, while NWQIX has yielded a comparatively lower 5.76% annualized return.
BLPAX
- 1D
- -0.19%
- 1M
- 1.09%
- YTD
- 7.14%
- 6M
- 6.82%
- 1Y
- 17.73%
- 3Y*
- 14.49%
- 5Y*
- 7.63%
- 10Y*
- 9.38%
NWQIX
- 1D
- -0.15%
- 1M
- 1.46%
- YTD
- 5.55%
- 6M
- 5.96%
- 1Y
- 14.35%
- 3Y*
- 10.77%
- 5Y*
- 4.42%
- 10Y*
- 5.76%
BLPAX vs. NWQIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 7.14% | 16.64% | 11.30% | 13.87% | -13.60% | 13.87% | 13.16% | 19.53% | -4.59% | 16.71% |
NWQIX Nuveen Flexible Income Fund | 5.55% | 11.74% | 6.03% | 11.61% | -13.64% | 4.94% | 5.54% | 18.57% | -4.07% | 9.18% |
Correlation
The correlation between BLPAX and NWQIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.69 |
The correlation between BLPAX and NWQIX shifts across timeframes, from 0.69 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BLPAX vs. NWQIX — Risk / Return Rank
BLPAX
NWQIX
BLPAX vs. NWQIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Moderate Growth and Income Portfolio Class A (BLPAX) and Nuveen Flexible Income Fund (NWQIX). 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.
| BLPAX | NWQIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.82 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 4.98 | -2.45 |
| Martin ratioReturn relative to average drawdown | 11.12 | 23.52 | -12.40 |
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Drawdowns
BLPAX vs. NWQIX - Drawdown Comparison
The maximum BLPAX drawdown since its inception was -23.21%, roughly equal to the maximum NWQIX drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for BLPAX and NWQIX.
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Drawdown Indicators
| BLPAX | NWQIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.21% | -23.89% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.26% | -2.94% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -10.62% | -4.59% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -17.75% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -23.21% | -23.89% | +0.68% |
Current DrawdownCurrent decline from peak | -0.51% | -0.15% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -3.00% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 0.62% | +1.03% |
Volatility
BLPAX vs. NWQIX - Volatility Comparison
American Funds Moderate Growth and Income Portfolio Class A (BLPAX) has a higher volatility of 3.37% compared to Nuveen Flexible Income Fund (NWQIX) at 1.23%. This indicates that BLPAX's price experiences larger fluctuations and is considered to be riskier than NWQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BLPAX | NWQIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 1.23% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 3.14% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.01% | 3.98% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.49% | 5.70% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 6.33% | +4.53% |
BLPAX vs. NWQIX - Expense Ratio Comparison
BLPAX has a 0.66% expense ratio, which is lower than NWQIX's 0.70% expense ratio.
Dividends
BLPAX vs. NWQIX - Dividend Comparison
BLPAX's dividend yield for the trailing twelve months is around 5.44%, less than NWQIX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLPAX American Funds Moderate Growth and Income Portfolio Class A | 5.44% | 5.83% | 3.59% | 2.30% | 6.01% | 4.97% | 2.56% | 3.83% | 4.69% | 3.48% | 3.66% | 3.69% |
NWQIX Nuveen Flexible Income Fund | 5.50% | 6.09% | 5.20% | 7.84% | 7.02% | 4.39% | 4.82% | 5.71% | 6.23% | 5.67% | 5.52% | 5.70% |
Frequently Asked Questions
BLPAX and NWQIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BLPAX has higher volatility (3.37%) compared to NWQIX (1.23%). In terms of maximum drawdown, BLPAX dropped -23.21% vs NWQIX's -23.89%.
NWQIX currently has the higher Sharpe Ratio (3.69 vs 2.04), 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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