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FASEX vs. NPCT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FASEX vs. NPCT

Last updated Jun 23, 2026

FASEX (Nuveen Mid Cap Value Fund) and NPCT (Nuveen Core Plus Impact Fund) are both mutual funds - FASEX is a Mid Cap Value Equities fund managed by Nuveen, while NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen. Over the past 5 years, FASEX returned 10.83%/yr vs -2.56%/yr for NPCT. At a 0.36 correlation, their price movements are largely independent. FASEX charges 1.16%/yr vs 5.08%/yr for NPCT.

Performance

FASEX vs. NPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Mid Cap Value Fund (FASEX) and Nuveen Core Plus Impact Fund (NPCT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FASEX achieves a 19.73% return, which is significantly higher than NPCT's 2.00% return.

FASEX

1D
0.79%
1M
3.49%
YTD
19.73%
6M
18.08%
1Y
32.90%
3Y*
16.10%
5Y*
10.83%
10Y*
11.30%

NPCT

1D
-0.41%
1M
-0.42%
YTD
2.00%
6M
1.70%
1Y
1.97%
3Y*
11.71%
5Y*
-2.56%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FASEX vs. NPCT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FASEX
Nuveen Mid Cap Value Fund		19.73%9.68%10.40%14.20%-10.63%9.69%
NPCT
Nuveen Core Plus Impact Fund		2.00%9.87%17.23%7.78%-37.50%-4.98%

Correlation

The correlation between FASEX and NPCT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2021

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen Mid Cap Value Fund

Nuveen Core Plus Impact Fund

Often compared with FASEX:
FASEX vs. ACMVXFASEX vs. MVCAXFASEX vs. FSMAXFASEX vs. VUKG.LFASEX vs. TRERXFASEX vs. NMCOFASEX vs. FRVLX
Often compared with NPCT:
NPCT vs. EINFXNPCT vs. BCPIXNPCT vs. ARINXNPCT vs. PGSIXNPCT vs. GUGAXNPCT vs. MCFIXNPCT vs. AAIIX

Return for Risk

FASEX vs. NPCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FASEX
FASEX Risk / Return Rank: 8181
Overall Rank
FASEX Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
FASEX Sortino Ratio Rank: 7878
Sortino Ratio Rank
FASEX Omega Ratio Rank: 6767
Omega Ratio Rank
FASEX Calmar Ratio Rank: 9191
Calmar Ratio Rank
FASEX Martin Ratio Rank: 9090
Martin Ratio Rank
NPCT
NPCT Risk / Return Rank: 44
Overall Rank
NPCT Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NPCT Sortino Ratio Rank: 44
Sortino Ratio Rank
NPCT Omega Ratio Rank: 44
Omega Ratio Rank
NPCT Calmar Ratio Rank: 55
Calmar Ratio Rank
NPCT Martin Ratio Rank: 44
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FASEX vs. NPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Mid Cap Value Fund (FASEX) 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.

FASEXNPCTDifference
Sharpe ratioReturn per unit of total volatility
2.40
0.20

+2.20

Sortino ratioReturn per unit of downside risk
3.39
0.38

+3.01

Omega ratioGain probability vs. loss probability

1.41

1.04

+0.37

Calmar ratioReturn relative to maximum drawdown

4.55

0.29

+4.25

Martin ratioReturn relative to average drawdown

16.56

0.68

+15.88

FASEX vs. NPCT - Sharpe Ratio Comparison

The current FASEX Sharpe Ratio is 2.40, which is higher than the NPCT Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of FASEX and NPCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FASEX vs. NPCT - Drawdown Comparison

The maximum FASEX drawdown since its inception was -55.57%, which is greater than NPCT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for FASEX and NPCT.

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Drawdown Indicators

FASEXNPCTDifference

Max Drawdown

Largest peak-to-trough decline

-55.57%

-46.77%

-8.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.37%

-6.79%

-0.58%

Max Drawdown (3Y)

Largest decline over 3 years

-22.26%

-12.59%

-9.67%

Max Drawdown (5Y)

Largest decline over 5 years

-22.26%

-46.77%

+24.51%

Max Drawdown (10Y)

Largest decline over 10 years

-44.56%

—

—

Current Drawdown

Current decline from peak

-0.06%

-17.19%

+17.13%

Average Drawdown

Average peak-to-trough decline

-8.92%

-25.13%

+16.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.89%

-0.88%

Volatility

FASEX vs. NPCT - Volatility Comparison

Nuveen Mid Cap Value Fund (FASEX) has a higher volatility of 4.30% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.54%. This indicates that FASEX'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

FASEXNPCTDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

2.54%

+1.76%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

7.21%

+3.23%

Volatility (1Y)

Calculated over the trailing 1-year period

13.95%

9.79%

+4.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.08%

13.13%

+4.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.22%

13.03%

+7.19%

FASEX vs. NPCT - Expense Ratio Comparison

FASEX has a 1.16% expense ratio, which is lower than NPCT's 5.08% expense ratio.

Dividends

FASEX vs. NPCT - Dividend Comparison

FASEX's dividend yield for the trailing twelve months is around 12.25%, less than NPCT's 12.45% yield.

PositionTTM20252024202320222021202020192018201720162015
FASEX
Nuveen Mid Cap Value Fund		12.25%14.67%5.29%3.12%6.32%4.02%1.06%0.89%4.48%7.93%3.67%3.49%
NPCT
Nuveen Core Plus Impact Fund		12.45%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

FASEX and NPCT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FASEX has higher volatility (4.30%) compared to NPCT (2.54%). In terms of maximum drawdown, FASEX dropped -55.57% vs NPCT's -46.77%.

FASEX currently has the higher Sharpe Ratio (2.40 vs 0.20), 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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