CGBIX vs. NPCT
CGBIX (Calvert Green Bond Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, CGBIX returned 0.15%/yr vs -3.39%/yr for NPCT. At a 0.50 correlation, their price movements are largely independent. CGBIX charges 0.48%/yr vs 5.08%/yr for NPCT.
Performance
CGBIX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, CGBIX achieves a 0.08% return, which is significantly lower than NPCT's 3.14% return.
CGBIX
- 1D
- -0.14%
- 1M
- -0.25%
- 6M
- 0.01%
- YTD
- 0.08%
- 1Y
- 4.04%
- 3Y*
- 4.92%
- 5Y*
- 0.15%
- 10Y*
- 1.72%
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
CGBIX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGBIX Calvert Green Bond Fund | 0.08% | 7.90% | 2.00% | 6.14% | -13.08% | 0.20% |
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between CGBIX 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 | 0.51 |
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 CGBIX and NPCT has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
CGBIX vs. NPCT — Risk / Return Rank
CGBIX
NPCT
CGBIX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Green Bond Fund (CGBIX) 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.
| CGBIX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.99 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.14 | +1.48 |
| Martin ratioReturn relative to average drawdown | 3.75 | -0.31 | +4.05 |
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Drawdowns
CGBIX vs. NPCT - Drawdown Comparison
The maximum CGBIX drawdown since its inception was -17.46%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for CGBIX and NPCT.
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Drawdown Indicators
| CGBIX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.46% | -46.77% | +29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -6.79% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -5.10% | -12.59% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -46.77% | +29.31% |
Max Drawdown (10Y)Largest decline over 10 years | -17.46% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -16.26% | +14.71% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -25.03% | +21.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.01% | -2.02% |
Volatility
CGBIX vs. NPCT - Volatility Comparison
The current volatility for Calvert Green Bond Fund (CGBIX) is 1.03%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.44%. This indicates that CGBIX 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
| CGBIX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 2.44% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 7.48% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 9.79% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 13.10% | -8.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 13.00% | -8.92% |
CGBIX vs. NPCT - Expense Ratio Comparison
CGBIX has a 0.48% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
CGBIX vs. NPCT - Dividend Comparison
CGBIX's dividend yield for the trailing twelve months is around 3.79%, less than NPCT's 12.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBIX Calvert Green Bond Fund | 3.79% | 4.09% | 3.49% | 2.37% | 1.86% | 1.99% | 1.85% | 2.45% | 2.26% | 2.54% | 3.22% | 2.01% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
CGBIX 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 (2.44%) compared to CGBIX (1.03%). In terms of maximum drawdown, CGBIX dropped -17.46% vs NPCT's -46.77%.
CGBIX currently has the higher Sharpe Ratio (1.09 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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