NCIRX vs. NPCT
NCIRX (Nuveen Core Impact Bond Managed Accounts Portfolio) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, NCIRX returned -0.86%/yr vs -3.47%/yr for NPCT. Their 0.49 correlation means their historical movements had little consistent relationship. NCIRX charges 0.00%/yr vs 5.08%/yr for NPCT.
Performance
NCIRX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, NCIRX achieves a 0.02% return, which is significantly lower than NPCT's 1.77% 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%
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 |
NCIRX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NCIRX Nuveen Core Impact Bond Managed Accounts Portfolio | 0.02% | 7.94% | 2.33% | 6.33% | -17.36% | 2.52% |
NPCT Nuveen Core Plus Impact Fund | 1.77% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between NCIRX 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. | 0.50 |
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 NCIRX and NPCT has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
NCIRX vs. NPCT — Risk / Return Rank
NCIRX
NPCT
NCIRX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Impact Bond Managed Accounts Portfolio (NCIRX) 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.
| NCIRX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.01 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 0.02 | +1.46 |
| Martin ratioReturn relative to average drawdown | 3.89 | 0.04 | +3.86 |
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Drawdowns
NCIRX vs. NPCT - Drawdown Comparison
The maximum NCIRX drawdown since its inception was -60.34%, which is greater than NPCT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for NCIRX and NPCT.
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Drawdown Indicators
| NCIRX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.34% | -46.77% | -13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -6.79% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -10.78% | +5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.88% | -46.34% | +23.46% |
Current DrawdownCurrent decline from peak | -50.89% | -17.38% | -33.51% |
Average DrawdownAverage peak-to-trough decline | -53.39% | -24.95% | -28.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.18% | -2.10% |
Volatility
NCIRX vs. NPCT - Volatility Comparison
The current volatility for Nuveen Core Impact Bond Managed Accounts Portfolio (NCIRX) is 0.91%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 1.90%. This indicates that NCIRX 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
| NCIRX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.90% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 7.54% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 9.25% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.75% | 13.07% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.31% | 12.95% | +8.36% |
NCIRX vs. NPCT - Expense Ratio Comparison
NCIRX has a 0.00% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
NCIRX vs. NPCT - Dividend Comparison
NCIRX's dividend yield for the trailing twelve months is around 4.70%, less than NPCT's 12.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NCIRX Nuveen Core Impact Bond Managed Accounts Portfolio | 4.70% | 5.04% | 4.13% | 4.51% | 4.27% | 2.83% | 0.69% |
NPCT Nuveen Core Plus Impact Fund | 12.40% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% |
Frequently Asked Questions
NCIRX 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 NCIRX (0.91%). In terms of maximum drawdown, NCIRX dropped -60.34% vs NPCT's -46.77%.
NCIRX currently has the higher Sharpe Ratio (1.11 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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