HOBIX vs. NPCT
HOBIX (Holbrook Income Fund Class I) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 5 years, HOBIX returned 4.24%/yr vs -3.39%/yr for NPCT. At a 0.33 correlation, their price movements are largely independent. HOBIX charges 1.05%/yr vs 5.08%/yr for NPCT.
Performance
HOBIX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, HOBIX achieves a 2.55% return, which is significantly lower than NPCT's 3.14% return.
HOBIX
- 1D
- -0.10%
- 1M
- 0.22%
- 6M
- 2.55%
- YTD
- 2.55%
- 1Y
- 6.01%
- 3Y*
- 6.99%
- 5Y*
- 4.24%
- 10Y*
- —
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
HOBIX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HOBIX Holbrook Income Fund Class I | 2.55% | 7.67% | 7.66% | 5.65% | -2.91% | 2.28% |
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between HOBIX 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 | 0.29 |
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
HOBIX vs. NPCT — Risk / Return Rank
HOBIX
NPCT
HOBIX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Holbrook Income Fund Class I (HOBIX) 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.
| HOBIX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +9.15 | ||
| Omega ratioGain probability vs. loss probability | 3.86 | 0.99 | +2.87 |
| Calmar ratioReturn relative to maximum drawdown | 11.83 | -0.14 | +11.97 |
| Martin ratioReturn relative to average drawdown | 39.25 | -0.31 | +39.56 |
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Drawdowns
HOBIX vs. NPCT - Drawdown Comparison
The maximum HOBIX drawdown since its inception was -23.52%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for HOBIX and NPCT.
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Drawdown Indicators
| HOBIX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.52% | -46.77% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -6.79% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -2.77% | -12.59% | +9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -4.16% | -46.77% | +42.61% |
Current DrawdownCurrent decline from peak | -0.21% | -16.26% | +16.05% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -25.03% | +24.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 3.01% | -2.86% |
Volatility
HOBIX vs. NPCT - Volatility Comparison
The current volatility for Holbrook Income Fund Class I (HOBIX) is 0.58%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.44%. This indicates that HOBIX 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
| HOBIX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 2.44% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 7.48% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 9.79% | -7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 13.10% | -10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.71% | 13.00% | -7.29% |
HOBIX vs. NPCT - Expense Ratio Comparison
HOBIX has a 1.05% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
HOBIX vs. NPCT - Dividend Comparison
HOBIX's dividend yield for the trailing twelve months is around 6.37%, less than NPCT's 12.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HOBIX Holbrook Income Fund Class I | 6.37% | 6.45% | 7.04% | 6.35% | 5.31% | 3.97% | 6.30% | 3.51% | 4.32% | 2.12% |
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% |
Frequently Asked Questions
HOBIX 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.
NPCT has higher volatility (2.44%) compared to HOBIX (0.58%). In terms of maximum drawdown, HOBIX dropped -23.52% vs NPCT's -46.77%.
HOBIX currently has the higher Sharpe Ratio (2.96 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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