MPHQX vs. NPCT
MPHQX (BlackRock Total Return Fund Class K) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 5 years, MPHQX returned -0.13%/yr vs -3.47%/yr for NPCT. Their 0.50 correlation means they have sometimes moved together and sometimes differently. MPHQX charges 0.37%/yr vs 5.08%/yr for NPCT.
Performance
MPHQX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, MPHQX achieves a -0.40% return, which is significantly lower than NPCT's 1.77% return.
MPHQX
- 1D
- 0.00%
- 1M
- -1.51%
- 6M
- -0.86%
- YTD
- -0.40%
- 1Y
- 2.63%
- 3Y*
- 4.17%
- 5Y*
- -0.13%
- 10Y*
- 1.88%
- ALL TIME*
- 2.57%
NPCT
- 1D
- -0.21%
- 1M
- -2.80%
- 6M
- -1.06%
- YTD
- 1.77%
- 1Y
- -0.52%
- 3Y*
- 11.29%
- 5Y*
- -3.47%
- 10Y*
- —
- ALL TIME*
- -3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $1.14M | $1.15M | $1.20M |
MPHQX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | -0.40% | 8.21% | 1.92% | 6.04% | -14.14% | 1.59% |
NPCT Nuveen Core Plus Impact Fund | 1.77% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between MPHQX and NPCT is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.50 |
The correlation between MPHQX and NPCT has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
MPHQX vs. NPCT — Risk / Return Rank
MPHQX
NPCT
MPHQX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Total Return Fund Class K (MPHQX) 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.
| MPHQX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.02 | +0.89 |
| Martin ratioReturn relative to average drawdown | 2.06 | 0.04 | +2.02 |
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Drawdowns
MPHQX vs. NPCT - Drawdown Comparison
The maximum MPHQX drawdown since its inception was -21.68%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for MPHQX and NPCT.
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Drawdown Indicators
| MPHQX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -46.77% | +25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -6.79% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -10.78% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -46.34% | +27.06% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -3.51% | -17.38% | +13.87% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -24.95% | +21.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 3.18% | -1.29% |
Volatility
MPHQX vs. NPCT - Volatility Comparison
The current volatility for BlackRock Total Return Fund Class K (MPHQX) is 1.00%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 1.90%. This indicates that MPHQX 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
| MPHQX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.90% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 7.54% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 9.25% | -4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 13.07% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 12.95% | -7.80% |
MPHQX vs. NPCT - Expense Ratio Comparison
MPHQX has a 0.37% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
MPHQX vs. NPCT - Dividend Comparison
MPHQX's dividend yield for the trailing twelve months is around 4.42%, less than NPCT's 12.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPHQX BlackRock Total Return Fund Class K | 4.42% | 4.89% | 5.01% | 4.19% | 3.09% | 2.58% | 6.30% | 3.24% | 3.40% | 3.21% | 2.89% | 3.49% |
NPCT Nuveen Core Plus Impact Fund | 12.40% | 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
MPHQX and NPCT have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (1.90%) compared to MPHQX (1.00%). In terms of maximum drawdown, MPHQX dropped -21.68% vs NPCT's -46.77%.
MPHQX currently has the higher Sharpe Ratio (0.85 vs 0.01), 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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