NPCT vs. QQQX
NPCT (Nuveen Core Plus Impact Fund) and QQQX (Nuveen Nasdaq 100 Dynamic Overwrite Fund) are both mutual funds - NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen, while QQQX is a Derivative Income fund actively managed by Nuveen. Both are actively managed. Over the past 5 years, NPCT returned -3.39%/yr vs 8.69%/yr for QQQX. At a 0.39 correlation, their price movements are largely independent. NPCT charges 5.08%/yr vs 0.89%/yr for QQQX.
Performance
NPCT vs. QQQX - Performance Comparison
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Returns By Period
In the year-to-date period, NPCT achieves a 3.14% return, which is significantly lower than QQQX's 11.14% return.
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
QQQX
- 1D
- -0.72%
- 1M
- 0.23%
- 6M
- 11.06%
- YTD
- 11.14%
- 1Y
- 25.81%
- 3Y*
- 15.57%
- 5Y*
- 8.69%
- 10Y*
- 13.19%
NPCT vs. QQQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 11.14% | 14.87% | 25.61% | 21.68% | -27.39% | 13.29% |
Correlation
The correlation between NPCT and QQQX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.39 |
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Return for Risk
NPCT vs. QQQX — Risk / Return Rank
NPCT
QQQX
NPCT vs. QQQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Core Plus Impact Fund (NPCT) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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 | QQQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.84 | -2.98 |
| Martin ratioReturn relative to average drawdown | -0.31 | 10.99 | -11.30 |
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Drawdowns
NPCT vs. QQQX - Drawdown Comparison
The maximum NPCT drawdown since its inception was -46.77%, smaller than the maximum QQQX drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for NPCT and QQQX.
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Drawdown Indicators
| NPCT | QQQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -57.25% | +10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -9.11% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.59% | -22.80% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -46.77% | -29.33% | -17.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.96% | — |
Current DrawdownCurrent decline from peak | -16.26% | -2.36% | -13.90% |
Average DrawdownAverage peak-to-trough decline | -25.03% | -8.00% | -17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.35% | +0.66% |
Volatility
NPCT vs. QQQX - Volatility Comparison
The current volatility for Nuveen Core Plus Impact Fund (NPCT) is 2.44%, while Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) has a volatility of 6.75%. This indicates that NPCT experiences smaller price fluctuations and is considered to be less risky than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NPCT | QQQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 6.75% | -4.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 13.26% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 15.75% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 20.05% | -6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.00% | 21.14% | -8.14% |
NPCT vs. QQQX - Expense Ratio Comparison
NPCT has a 5.08% expense ratio, which is higher than QQQX's 0.89% expense ratio.
Dividends
NPCT vs. QQQX - Dividend Comparison
NPCT's dividend yield for the trailing twelve months is around 12.31%, more than QQQX's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 12.31% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 8.17% | 7.85% | 6.73% | 7.26% | 9.66% | 5.85% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% |
Frequently Asked Questions
NPCT and QQQX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQX has higher volatility (6.75%) compared to NPCT (2.44%). In terms of maximum drawdown, NPCT dropped -46.77% vs QQQX's -57.25%.
QQQX currently has the higher Sharpe Ratio (1.65 vs -0.09), 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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