NEFRX vs. BCPIX

Last updated Jun 4, 2026

NEFRX (Loomis Sayles Core Plus Bond Fund) and BCPIX (Brandes Core Plus Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, NEFRX returned 2.17%/yr vs 1.78%/yr for BCPIX. Their correlation of 0.81 suggests significant overlap in exposure. NEFRX charges 0.71%/yr vs 0.30%/yr for BCPIX.

Performance

NEFRX vs. BCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loomis Sayles Core Plus Bond Fund (NEFRX) and Brandes Core Plus Fixed Income Fund (BCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEFRX achieves a 0.31% return, which is significantly higher than BCPIX's 0.16% return. Over the past 10 years, NEFRX has outperformed BCPIX with an annualized return of 2.17%, while BCPIX has yielded a comparatively lower 1.78% annualized return.

NEFRX

• 1D: 0.09%
• 1M: 0.45%
• YTD: 0.31%
• 6M: 0.08%
• 1Y: 5.38%
• 3Y*: 3.62%
• 5Y*: 0.04%
• 10Y*: 2.17%

BCPIX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.16%
• 6M: 0.20%
• 1Y: 4.65%
• 3Y*: 4.15%
• 5Y*: 0.86%
• 10Y*: 1.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEFRX vs. BCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEFRX Loomis Sayles Core Plus Bond Fund	0.31%	7.24%	0.60%	5.91%	-12.94%	-1.68%	10.29%	8.76%	-0.86%	4.92%
BCPIX Brandes Core Plus Fixed Income Fund	0.16%	6.71%	1.98%	6.70%	-10.78%	-0.34%	5.77%	6.65%	-0.45%	2.74%

Correlation

The correlation between NEFRX and BCPIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.81

The correlation between NEFRX and BCPIX shifts across timeframes, from 0.73 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

NEFRX vs. BCPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEFRX

NEFRX Risk / Return Rank: 31
NEFRX Sharpe Ratio Rank: 29
NEFRX Sortino Ratio Rank: 33
NEFRX Omega Ratio Rank: 29
NEFRX Calmar Ratio Rank: 35
NEFRX Martin Ratio Rank: 27

BCPIX

BCPIX Risk / Return Rank: 20
BCPIX Sharpe Ratio Rank: 20
BCPIX Sortino Ratio Rank: 21
BCPIX Omega Ratio Rank: 18
BCPIX Calmar Ratio Rank: 22
BCPIX Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEFRX vs. BCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Core Plus Bond Fund (NEFRX) and Brandes Core Plus Fixed Income Fund (BCPIX). 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.

	NEFRX	BCPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.26	+0.29
Sortino ratio: Return per unit of downside risk	2.40	1.91	+0.48
Omega ratio: Gain probability vs. loss probability	1.28	1.22	+0.06
Calmar ratio: Return relative to maximum drawdown	2.22	1.73	+0.49
Martin ratio: Return relative to average drawdown	6.44	5.32	+1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEFRX vs. BCPIX - Sharpe Ratio Comparison

The current NEFRX Sharpe Ratio is 1.55, which is comparable to the BCPIX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of NEFRX and BCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NEFRX	BCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.26	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.17	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.43	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.34	+0.40

Drawdowns

NEFRX vs. BCPIX - Drawdown Comparison

The maximum NEFRX drawdown since its inception was -25.45%, which is greater than BCPIX's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for NEFRX and BCPIX.

Drawdown Indicators

	NEFRX	BCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.45%	-22.43%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-2.92%	-2.63%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-7.95%	-5.44%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-18.55%	-15.19%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	-18.76%	-15.19%	-3.57%
Current Drawdown Current decline from peak	-1.89%	-1.05%	-0.84%
Average Drawdown Average peak-to-trough decline	-3.97%	-4.25%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	0.85%	+0.32%

Volatility

NEFRX vs. BCPIX - Volatility Comparison

Loomis Sayles Core Plus Bond Fund (NEFRX) and Brandes Core Plus Fixed Income Fund (BCPIX) have volatilities of 1.36% and 1.31%, 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.

Volatility by Period

	NEFRX	BCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	1.31%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	2.63%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	4.19%	3.61%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.23%	5.09%	+1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	4.17%	+0.87%

NEFRX vs. BCPIX - Expense Ratio Comparison

NEFRX has a 0.71% expense ratio, which is higher than BCPIX's 0.30% expense ratio.

Dividends

NEFRX vs. BCPIX - Dividend Comparison

NEFRX's dividend yield for the trailing twelve months is around 3.61%, less than BCPIX's 4.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCPIX Brandes Core Plus Fixed Income Fund	4.22%	4.32%	3.67%	2.91%	2.54%	1.89%	1.76%	2.77%	2.90%	2.49%	2.84%	2.72%
NEFRX Loomis Sayles Core Plus Bond Fund	3.61%	3.97%	3.90%	3.58%	3.10%	2.34%	4.04%	2.51%	2.87%	2.68%	3.17%	2.58%

Frequently Asked Questions

Can I hold both NEFRX and BCPIX in my portfolio?

NEFRX and BCPIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEFRX or BCPIX?

NEFRX has higher volatility (1.36%) compared to BCPIX (1.31%). In terms of maximum drawdown, NEFRX dropped -25.45% vs BCPIX's -22.43%.

Which has better risk-adjusted returns?

NEFRX currently has the higher Sharpe Ratio (1.55 vs 1.26), 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.