MTMIX vs. NPCT
MTMIX (MainStay MacKay Total Return Bond Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, MTMIX returned 0.34%/yr vs -3.34%/yr for NPCT. Their 0.49 correlation means their historical movements had little consistent relationship. MTMIX charges 0.45%/yr vs 5.08%/yr for NPCT.
Performance
MTMIX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, MTMIX achieves a -0.30% return, which is significantly lower than NPCT's 2.40% return.
MTMIX
- 1D
- 0.22%
- 1M
- -1.31%
- 6M
- -0.57%
- YTD
- -0.30%
- 1Y
- 1.98%
- 3Y*
- 5.80%
- 5Y*
- 0.34%
- 10Y*
- 2.23%
- ALL TIME*
- 5.23%
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 |
MTMIX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | -0.30% | 7.83% | 4.76% | 7.92% | -15.29% | 1.60% |
NPCT Nuveen Core Plus Impact Fund | 2.40% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between MTMIX and NPCT is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.49 |
The correlation between MTMIX and NPCT has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
MTMIX vs. NPCT — Risk / Return Rank
MTMIX
NPCT
MTMIX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay MacKay Total Return Bond Fund (MTMIX) 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.
| MTMIX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.05 | +0.84 |
| Martin ratioReturn relative to average drawdown | 1.95 | -0.11 | +2.06 |
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Drawdowns
MTMIX vs. NPCT - Drawdown Comparison
The maximum MTMIX drawdown since its inception was -20.47%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for MTMIX and NPCT.
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Drawdown Indicators
| MTMIX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.47% | -46.77% | +26.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -6.79% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | -10.78% | +5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -46.23% | +25.76% |
Max Drawdown (10Y)Largest decline over 10 years | -20.47% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -16.87% | +14.46% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -24.93% | +22.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.21% | -2.13% |
Volatility
MTMIX vs. NPCT - Volatility Comparison
The current volatility for MainStay MacKay Total Return Bond Fund (MTMIX) is 1.09%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.08%. This indicates that MTMIX 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
| MTMIX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 2.08% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 7.50% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 9.23% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.07% | 13.07% | -7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 12.94% | -7.93% |
MTMIX vs. NPCT - Expense Ratio Comparison
MTMIX has a 0.45% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
MTMIX vs. NPCT - Dividend Comparison
MTMIX's dividend yield for the trailing twelve months is around 4.60%, less than NPCT's 12.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTMIX MainStay MacKay Total Return Bond Fund | 4.60% | 5.01% | 5.47% | 4.38% | 3.89% | 5.43% | 3.58% | 2.84% | 2.82% | 2.62% | 2.98% | 3.12% |
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
MTMIX and NPCT have a correlation of 0.43, 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 MTMIX (1.09%). In terms of maximum drawdown, MTMIX dropped -20.47% vs NPCT's -46.77%.
MTMIX currently has the higher Sharpe Ratio (0.58 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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