NPCT vs. DX
NPCT (Nuveen Core Plus Impact Fund) is Intermediate Core-Plus Bond fund actively managed by Nuveen, while DX (Dynex Capital, Inc.) is a stock. Over the past 5 years, NPCT returned -3.47%/yr vs 6.74%/yr for DX. At a 0.33 correlation, their price movements are largely independent.
Performance
NPCT vs. DX - Performance Comparison
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Returns By Period
In the year-to-date period, NPCT achieves a 2.61% return, which is significantly higher than DX's 2.33% return.
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%
DX
- 1D
- -1.58%
- 1M
- 1.78%
- 6M
- -3.33%
- YTD
- 2.33%
- 1Y
- 22.32%
- 3Y*
- 16.57%
- 5Y*
- 6.74%
- 10Y*
- 7.71%
- ALL TIME*
- 8.26%
NPCT vs. DX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 2.61% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
DX Dynex Capital, Inc. | 2.33% | 29.48% | 13.64% | 11.91% | -15.39% | -9.52% |
Correlation
The correlation between NPCT and DX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.33 |
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Return for Risk
NPCT vs. DX — Risk / Return Rank
NPCT
DX
NPCT vs. DX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Impact Fund (NPCT) and Dynex Capital, Inc. (DX). 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 | DX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.47 | -1.65 |
| Martin ratioReturn relative to average drawdown | -0.41 | 4.28 | -4.69 |
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Drawdowns
NPCT vs. DX - Drawdown Comparison
The maximum NPCT drawdown since its inception was -46.77%, smaller than the maximum DX drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for NPCT and DX.
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Drawdown Indicators
| NPCT | DX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -99.12% | +52.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -15.27% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -12.42% | -25.81% | +13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -46.50% | -33.44% | -13.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.76% | — |
Current DrawdownCurrent decline from peak | -16.70% | -29.96% | +13.26% |
Average DrawdownAverage peak-to-trough decline | -25.00% | -56.72% | +31.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 5.23% | -2.18% |
Volatility
NPCT vs. DX - Volatility Comparison
The current volatility for Nuveen Core Plus Impact Fund (NPCT) is 2.40%, while Dynex Capital, Inc. (DX) has a volatility of 4.77%. This indicates that NPCT experiences smaller price fluctuations and is considered to be less risky than DX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPCT | DX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 4.77% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 14.22% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 17.71% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 23.84% | -10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 29.91% | -16.93% |
Dividends
NPCT vs. DX - Dividend Comparison
NPCT's dividend yield for the trailing twelve months is around 12.30%, less than DX's 15.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX Dynex Capital, Inc. | 15.55% | 14.13% | 11.46% | 12.46% | 12.26% | 9.34% | 9.33% | 11.87% | 12.59% | 10.27% | 12.32% | 15.12% |
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
NPCT and DX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DX has higher volatility (4.77%) compared to NPCT (2.40%). In terms of maximum drawdown, NPCT dropped -46.77% vs DX's -99.12%.
DX currently has the higher Sharpe Ratio (1.27 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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