NPCT vs. AAIIX
NPCT (Nuveen Core Plus Impact Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, NPCT returned -3.31%/yr vs 1.72%/yr for AAIIX. At a 0.47 correlation, their price movements are largely independent. NPCT charges 5.08%/yr vs 2.20%/yr for AAIIX.
Performance
NPCT vs. AAIIX - Performance Comparison
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Returns By Period
In the year-to-date period, NPCT achieves a 3.56% return, which is significantly higher than AAIIX's 1.89% return.
NPCT
- 1D
- 0.40%
- 1M
- 0.60%
- 6M
- 2.75%
- YTD
- 3.56%
- 1Y
- -0.08%
- 3Y*
- 11.53%
- 5Y*
- -3.31%
- 10Y*
- —
AAIIX
- 1D
- 0.00%
- 1M
- 0.36%
- 6M
- 0.48%
- YTD
- 1.89%
- 1Y
- 4.04%
- 3Y*
- 6.28%
- 5Y*
- 1.72%
- 10Y*
- 2.90%
NPCT vs. AAIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 3.56% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
AAIIX Ancora Income Fund | 1.89% | 2.28% | 9.23% | 9.46% | -14.32% | 4.71% |
Correlation
The correlation between NPCT and AAIIX 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 | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.47 |
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Return for Risk
NPCT vs. AAIIX — Risk / Return Rank
NPCT
AAIIX
NPCT vs. AAIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Impact Fund (NPCT) and Ancora Income Fund (AAIIX). 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.
| NPCT | AAIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.15 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.90 | -0.91 |
| Martin ratioReturn relative to average drawdown | -0.03 | 2.58 | -2.61 |
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Drawdowns
NPCT vs. AAIIX - Drawdown Comparison
The maximum NPCT drawdown since its inception was -46.77%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for NPCT and AAIIX.
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Drawdown Indicators
| NPCT | AAIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -98.01% | +51.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -4.19% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.59% | -98.01% | +85.42% |
Max Drawdown (5Y)Largest decline over 5 years | -46.77% | -98.01% | +51.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.01% | — |
Current DrawdownCurrent decline from peak | -15.93% | -97.79% | +81.86% |
Average DrawdownAverage peak-to-trough decline | -25.03% | -12.74% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.46% | +1.54% |
Volatility
NPCT vs. AAIIX - Volatility Comparison
Nuveen Core Plus Impact Fund (NPCT) has a higher volatility of 2.37% compared to Ancora Income Fund (AAIIX) at 1.23%. This indicates that NPCT's price experiences larger fluctuations and is considered to be riskier than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPCT | AAIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 1.23% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 3.40% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.78% | 4.47% | +5.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 2,046.08% | -2,032.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.99% | 1,446.22% | -1,433.23% |
NPCT vs. AAIIX - Expense Ratio Comparison
NPCT has a 5.08% expense ratio, which is higher than AAIIX's 2.20% expense ratio.
Dividends
NPCT vs. AAIIX - Dividend Comparison
NPCT's dividend yield for the trailing twelve months is around 12.26%, more than AAIIX's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.32% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
NPCT Nuveen Core Plus Impact Fund | 12.26% | 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
NPCT and AAIIX 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.
NPCT has higher volatility (2.37%) compared to AAIIX (1.23%). In terms of maximum drawdown, NPCT dropped -46.77% vs AAIIX's -98.01%.
AAIIX currently has the higher Sharpe Ratio (0.84 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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