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NPSRX vs. BINC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NPSRX vs. BINC

Last updated Jun 24, 2026

NPSRX (Nuveen Preferred Securities & Income Fund) and BINC (iShares Flexible Income Active ETF) are both funds - NPSRX is a Preferred Stock/Convertible Bonds fund managed by Nuveen, while BINC is a Multisector Bonds fund actively managed by iShares. Over the past 3 years, NPSRX returned 10.19%/yr vs 7.12%/yr for BINC. A 0.61 correlation means they provide meaningful diversification when combined. NPSRX charges 0.74%/yr vs 0.40%/yr for BINC.

Performance

NPSRX vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Preferred Securities & Income Fund (NPSRX) and iShares Flexible Income Active ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NPSRX achieves a 0.60% return, which is significantly lower than BINC's 1.29% return.

NPSRX

1D
0.00%
1M
0.63%
YTD
0.60%
6M
1.21%
1Y
7.88%
3Y*
10.19%
5Y*
3.53%
10Y*
5.29%

BINC

1D
0.06%
1M
0.69%
YTD
1.29%
6M
1.50%
1Y
5.52%
3Y*
7.12%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NPSRX vs. BINC - Yearly Performance Comparison

2026 (YTD)202520242023
NPSRX
Nuveen Preferred Securities & Income Fund		0.60%11.19%9.12%10.98%
BINC
iShares Flexible Income Active ETF		1.29%7.57%5.76%7.12%

Correlation

The correlation between NPSRX and BINC is 0.54, 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

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (All Time)
Calculated using the full available price history since May 23, 2023

0.61

The correlation between NPSRX and BINC has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nuveen Preferred Securities & Income Fund

iShares Flexible Income Active ETF

Often compared with NPSRX:
NPSRX vs. PSKNPSRX vs. PFFANPSRX vs. BACNPSRX vs. DIVONPSRX vs. BKLNNPSRX vs. SRLNNPSRX vs. NPFI
Often compared with BINC:
BINC vs. JPIEBINC vs. PYLDBINC vs. BNDBINC vs. JAAABINC vs. JEPIBINC vs. PONAXBINC vs. AGG

Return for Risk

NPSRX vs. BINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NPSRX
NPSRX Risk / Return Rank: 7474
Overall Rank
NPSRX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
NPSRX Sortino Ratio Rank: 9494
Sortino Ratio Rank
NPSRX Omega Ratio Rank: 9191
Omega Ratio Rank
NPSRX Calmar Ratio Rank: 4545
Calmar Ratio Rank
NPSRX Martin Ratio Rank: 4949
Martin Ratio Rank
BINC
BINC Risk / Return Rank: 6868
Overall Rank
BINC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
BINC Sortino Ratio Rank: 8383
Sortino Ratio Rank
BINC Omega Ratio Rank: 8484
Omega Ratio Rank
BINC Calmar Ratio Rank: 4343
Calmar Ratio Rank
BINC Martin Ratio Rank: 4949
Martin Ratio Rank
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.

NPSRX vs. BINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Preferred Securities & Income Fund (NPSRX) and iShares Flexible Income Active ETF (BINC). 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.

NPSRXBINCDifference
Sharpe ratioReturn per unit of total volatility
2.68
2.41

+0.26

Sortino ratioReturn per unit of downside risk
4.54
3.52

+1.02

Omega ratioGain probability vs. loss probability

1.64

1.48

+0.16

Calmar ratioReturn relative to maximum drawdown

2.45

2.06

+0.39

Martin ratioReturn relative to average drawdown

9.53

8.04

+1.49

NPSRX vs. BINC - Sharpe Ratio Comparison

The current NPSRX Sharpe Ratio is 2.68, which is comparable to the BINC Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of NPSRX and BINC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NPSRX vs. BINC - Drawdown Comparison

The maximum NPSRX drawdown since its inception was -62.52%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for NPSRX and BINC.

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Drawdown Indicators

NPSRXBINCDifference

Max Drawdown

Largest peak-to-trough decline

-62.52%

-2.69%

-59.83%

Max Drawdown (1Y)

Largest decline over 1 year

-3.30%

-2.69%

-0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-3.60%

-2.69%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-17.65%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-26.47%

—

—

Current Drawdown

Current decline from peak

-0.79%

-0.10%

-0.69%

Average Drawdown

Average peak-to-trough decline

-4.81%

-0.36%

-4.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.85%

0.69%

+0.16%

Volatility

NPSRX vs. BINC - Volatility Comparison

Nuveen Preferred Securities & Income Fund (NPSRX) has a higher volatility of 0.78% compared to iShares Flexible Income Active ETF (BINC) at 0.58%. This indicates that NPSRX's price experiences larger fluctuations and is considered to be riskier than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NPSRXBINCDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.78%

0.58%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

2.39%

1.88%

+0.51%

Volatility (1Y)

Calculated over the trailing 1-year period

3.03%

2.30%

+0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.00%

2.99%

+2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.33%

2.99%

+3.34%

NPSRX vs. BINC - Expense Ratio Comparison

NPSRX has a 0.74% expense ratio, which is higher than BINC's 0.40% expense ratio.

Dividends

NPSRX vs. BINC - Dividend Comparison

NPSRX's dividend yield for the trailing twelve months is around 5.39%, less than BINC's 5.84% yield.

PositionTTM20252024202320222021202020192018201720162015
BINC
iShares Flexible Income Active ETF		5.84%5.86%6.14%3.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NPSRX
Nuveen Preferred Securities & Income Fund		5.39%5.72%5.38%5.87%6.18%4.97%5.02%5.39%6.00%5.51%5.81%6.20%

Frequently Asked Questions

NPSRX and BINC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NPSRX has higher volatility (0.78%) compared to BINC (0.58%). In terms of maximum drawdown, NPSRX dropped -62.52% vs BINC's -2.69%.

NPSRX currently has the higher Sharpe Ratio (2.68 vs 2.41), 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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