NIE vs. NPCT
NIE (Virtus Equity & Convertible Income Fund) and NPCT (Nuveen Core Plus Impact Fund) are both mutual funds - NIE is a Derivative Income fund actively managed by Virtus, while NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen. Both are actively managed. Over the past 5 years, NIE returned 9.99%/yr vs -3.47%/yr for NPCT. At a 0.37 correlation, their price movements are largely independent. NIE charges 1.12%/yr vs 5.08%/yr for NPCT.
Performance
NIE vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, NIE achieves a 10.24% return, which is significantly higher than NPCT's 2.61% return.
NIE
- 1D
- 0.42%
- 1M
- 1.23%
- 6M
- 7.77%
- YTD
- 10.24%
- 1Y
- 21.83%
- 3Y*
- 17.69%
- 5Y*
- 9.99%
- 10Y*
- 13.54%
- ALL TIME*
- 9.53%
NPCT
- 1D
- 0.10%
- 1M
- 0.19%
- 6M
- 1.62%
- YTD
- 2.61%
- 1Y
- -1.24%
- 3Y*
- 11.48%
- 5Y*
- -3.47%
- 10Y*
- —
- ALL TIME*
- -3.15%
NIE vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 10.24% | 12.15% | 28.64% | 26.71% | -26.73% | 13.06% |
NPCT Nuveen Core Plus Impact Fund | 2.61% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between NIE and NPCT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.37 |
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Return for Risk
NIE vs. NPCT — Risk / Return Rank
NIE
NPCT
NIE vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Equity & Convertible Income Fund (NIE) 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.
| NIE | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.99 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | -0.18 | +2.62 |
| Martin ratioReturn relative to average drawdown | 9.93 | -0.41 | +10.35 |
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Drawdowns
NIE vs. NPCT - Drawdown Comparison
The maximum NIE drawdown since its inception was -57.90%, which is greater than NPCT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for NIE and NPCT.
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Drawdown Indicators
| NIE | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.90% | -46.77% | -11.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -6.79% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.79% | -12.42% | -8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -31.04% | -46.50% | +15.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -16.70% | +14.69% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -25.00% | +17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 3.05% | -0.85% |
Volatility
NIE vs. NPCT - Volatility Comparison
Virtus Equity & Convertible Income Fund (NIE) has a higher volatility of 3.98% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.40%. This indicates that NIE's price experiences larger fluctuations and is considered to be riskier 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
| NIE | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 2.40% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 7.50% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 9.32% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 13.09% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.80% | 12.98% | +6.82% |
NIE vs. NPCT - Expense Ratio Comparison
NIE has a 1.12% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
NIE vs. NPCT - Dividend Comparison
NIE's dividend yield for the trailing twelve months is around 9.90%, less than NPCT's 12.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIE Virtus Equity & Convertible Income Fund | 9.90% | 10.14% | 8.11% | 9.56% | 21.81% | 10.86% | 5.37% | 6.71% | 8.20% | 7.19% | 8.25% | 8.46% |
NPCT Nuveen Core Plus Impact Fund | 12.30% | 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
NIE and NPCT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NIE has higher volatility (3.98%) compared to NPCT (2.40%). In terms of maximum drawdown, NIE dropped -57.90% vs NPCT's -46.77%.
NIE currently has the higher Sharpe Ratio (1.77 vs -0.13), 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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