DX vs. NPCT
DX (Dynex Capital, Inc.) is a stock, while NPCT (Nuveen Core Plus Impact Fund) is Intermediate Core-Plus Bond fund actively managed by Nuveen. Over the past 5 years, DX returned 6.74%/yr vs -3.47%/yr for NPCT. At a 0.33 correlation, their price movements are largely independent.
Performance
DX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, DX achieves a 2.33% return, which is significantly lower than NPCT's 2.61% return.
DX
- 1D
- -1.58%
- 1M
- 1.78%
- 6M
- -3.33%
- YTD
- 2.33%
- 1Y
- 22.32%
- 3Y*
- 16.57%
- 5Y*
- 6.74%
- 10Y*
- 7.71%
- ALL TIME*
- 8.26%
NPCT
- 1D
- 0.10%
- 1M
- 0.19%
- 6M
- 1.62%
- YTD
- 2.61%
- 1Y
- -1.24%
- 3Y*
- 11.48%
- 5Y*
- -3.47%
- 10Y*
- —
- ALL TIME*
- -3.15%
DX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 2.33% | 29.48% | 13.64% | 11.91% | -15.39% | -9.52% |
NPCT Nuveen Core Plus Impact Fund | 2.61% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between DX and NPCT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.33 |
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Return for Risk
DX vs. NPCT — Risk / Return Rank
DX
NPCT
DX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynex Capital, Inc. (DX) 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.
| DX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.18 | +1.65 |
| Martin ratioReturn relative to average drawdown | 4.28 | -0.41 | +4.69 |
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Drawdowns
DX vs. NPCT - Drawdown Comparison
The maximum DX drawdown since its inception was -99.12%, which is greater than NPCT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for DX and NPCT.
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Drawdown Indicators
| DX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.12% | -46.77% | -52.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.27% | -6.79% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.81% | -12.42% | -13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -33.44% | -46.50% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -56.76% | — | — |
Current DrawdownCurrent decline from peak | -29.96% | -16.70% | -13.26% |
Average DrawdownAverage peak-to-trough decline | -56.72% | -25.00% | -31.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 3.05% | +2.18% |
Volatility
DX vs. NPCT - Volatility Comparison
Dynex Capital, Inc. (DX) has a higher volatility of 4.77% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.40%. This indicates that DX's price experiences larger fluctuations and is considered to be riskier 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
| DX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 2.40% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 7.50% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.71% | 9.32% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.84% | 13.09% | +10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.91% | 12.98% | +16.93% |
Dividends
DX vs. NPCT - Dividend Comparison
DX's dividend yield for the trailing twelve months is around 15.55%, more than NPCT's 12.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 15.55% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% |
NPCT Nuveen Core Plus Impact Fund | 12.30% | 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
DX and NPCT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DX has higher volatility (4.77%) compared to NPCT (2.40%). In terms of maximum drawdown, DX dropped -99.12% vs NPCT's -46.77%.
DX currently has the higher Sharpe Ratio (1.27 vs -0.13), 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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