HLIPX vs. NPCT
HLIPX (JPMorgan Core Plus Bond Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, HLIPX returned 0.26%/yr vs -3.34%/yr for NPCT. Their 0.49 correlation means their historical movements had little consistent relationship. HLIPX charges 0.46%/yr vs 5.08%/yr for NPCT.
Performance
HLIPX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, HLIPX achieves a -0.53% return, which is significantly lower than NPCT's 2.40% return.
HLIPX
- 1D
- 0.28%
- 1M
- -0.96%
- 6M
- -0.93%
- YTD
- -0.53%
- 1Y
- 2.23%
- 3Y*
- 4.81%
- 5Y*
- 0.26%
- 10Y*
- 2.07%
- ALL TIME*
- 4.52%
NPCT
- 1D
- -0.10%
- 1M
- -2.20%
- 6M
- -0.93%
- YTD
- 2.40%
- 1Y
- -0.36%
- 3Y*
- 11.85%
- 5Y*
- -3.34%
- 10Y*
- —
- ALL TIME*
- -3.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.12M | $1.18M | $1.22M |
HLIPX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | -0.53% | 7.98% | 2.64% | 6.38% | -12.69% | 1.41% |
NPCT Nuveen Core Plus Impact Fund | 2.40% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between HLIPX and NPCT is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.49 |
The correlation between HLIPX and NPCT has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
HLIPX vs. NPCT — Risk / Return Rank
HLIPX
NPCT
HLIPX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund (HLIPX) 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.
| HLIPX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.05 | +0.83 |
| Martin ratioReturn relative to average drawdown | 1.83 | -0.11 | +1.94 |
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Drawdowns
HLIPX vs. NPCT - Drawdown Comparison
The maximum HLIPX drawdown since its inception was -16.91%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for HLIPX and NPCT.
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Drawdown Indicators
| HLIPX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.91% | -46.77% | +29.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -6.79% | +3.74% |
Max Drawdown (3Y)Largest decline over 3 years | -4.95% | -10.78% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -46.23% | +29.32% |
Max Drawdown (10Y)Largest decline over 10 years | -16.91% | — | — |
Current DrawdownCurrent decline from peak | -2.64% | -16.87% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -24.93% | +22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.21% | -1.91% |
Volatility
HLIPX vs. NPCT - Volatility Comparison
The current volatility for JPMorgan Core Plus Bond Fund (HLIPX) is 1.04%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.08%. This indicates that HLIPX 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
| HLIPX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 2.08% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 7.50% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 9.23% | -5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 13.07% | -7.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 12.94% | -8.29% |
HLIPX vs. NPCT - Expense Ratio Comparison
HLIPX has a 0.46% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
HLIPX vs. NPCT - Dividend Comparison
HLIPX's dividend yield for the trailing twelve months is around 4.26%, less than NPCT's 12.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLIPX JPMorgan Core Plus Bond Fund | 4.26% | 4.86% | 4.88% | 4.02% | 3.36% | 3.25% | 4.36% | 3.23% | 3.08% | 2.83% | 2.77% | 3.25% |
NPCT Nuveen Core Plus Impact Fund | 12.33% | 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
HLIPX and NPCT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (2.08%) compared to HLIPX (1.04%). In terms of maximum drawdown, HLIPX dropped -16.91% vs NPCT's -46.77%.
HLIPX currently has the higher Sharpe Ratio (0.63 vs -0.04), 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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