NCIRX vs. EINFX
NCIRX (Nuveen Core Impact Bond Managed Accounts Portfolio) and EINFX (Elfun Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, NCIRX returned -0.86%/yr vs -1.23%/yr for EINFX. Their correlation of 0.94 means they have usually moved in the same direction. NCIRX charges 0.00%/yr vs 0.29%/yr for EINFX.
Performance
NCIRX vs. EINFX - Performance Comparison
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Returns By Period
In the year-to-date period, NCIRX achieves a 0.02% return, which is significantly higher than EINFX's -1.00% return.
NCIRX
- 1D
- 0.13%
- 1M
- -1.15%
- 6M
- -0.26%
- YTD
- 0.02%
- 1Y
- 2.85%
- 3Y*
- 4.71%
- 5Y*
- -0.86%
- 10Y*
- —
- ALL TIME*
- -11.08%
EINFX
- 1D
- 0.00%
- 1M
- -1.14%
- 6M
- -1.18%
- YTD
- -1.00%
- 1Y
- 1.42%
- 3Y*
- 2.65%
- 5Y*
- -1.23%
- 10Y*
- 1.07%
- ALL TIME*
- 3.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EINFX Elfun Income Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
NCIRX vs. EINFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NCIRX Nuveen Core Impact Bond Managed Accounts Portfolio | 0.02% | 7.94% | 2.33% | 6.33% | -17.36% | -0.80% | -49.00% |
EINFX Elfun Income Fund | -1.00% | 7.35% | -0.73% | 4.75% | -13.82% | -1.57% | 2.14% |
Correlation
The correlation between NCIRX and EINFX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2020 | 0.94 |
The correlation between NCIRX and EINFX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
NCIRX vs. EINFX — Risk / Return Rank
NCIRX
EINFX
NCIRX vs. EINFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Impact Bond Managed Accounts Portfolio (NCIRX) and Elfun Income Fund (EINFX). 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.
| NCIRX | EINFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 0.80 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.89 | 1.93 | +1.96 |
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Drawdowns
NCIRX vs. EINFX - Drawdown Comparison
The maximum NCIRX drawdown since its inception was -60.34%, which is greater than EINFX's maximum drawdown of -19.78%. Use the drawdown chart below to compare losses from any high point for NCIRX and EINFX.
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Drawdown Indicators
| NCIRX | EINFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -19.78% | -40.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -3.40% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -6.96% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -19.78% | -3.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.78% | — |
Current DrawdownCurrent decline from peak | -50.89% | -6.24% | -44.65% |
Average DrawdownAverage peak-to-trough decline | -53.39% | -3.58% | -49.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.40% | -0.32% |
Volatility
NCIRX vs. EINFX - Volatility Comparison
Nuveen Core Impact Bond Managed Accounts Portfolio (NCIRX) and Elfun Income Fund (EINFX) have volatilities of 0.91% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCIRX | EINFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.95% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 3.11% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 4.03% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 6.51% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 5.24% | +16.07% |
NCIRX vs. EINFX - Expense Ratio Comparison
NCIRX has a 0.00% expense ratio, which is lower than EINFX's 0.29% expense ratio.
Dividends
NCIRX vs. EINFX - Dividend Comparison
NCIRX's dividend yield for the trailing twelve months is around 4.70%, more than EINFX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINFX Elfun Income Fund | 3.57% | 3.84% | 3.04% | 2.76% | 4.09% | 3.31% | 3.15% | 2.78% | 2.88% | 2.42% | 3.34% | 2.87% |
NCIRX Nuveen Core Impact Bond Managed Accounts Portfolio | 4.70% | 5.04% | 4.13% | 4.51% | 4.27% | 2.83% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, NCIRX and EINFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EINFX has higher volatility (0.95%) compared to NCIRX (0.91%). In terms of maximum drawdown, NCIRX dropped -60.34% vs EINFX's -19.78%.
NCIRX currently has the higher Sharpe Ratio (1.11 vs 0.67), 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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