NWQIX vs. VBAIX
NWQIX (Nuveen Flexible Income Fund) and VBAIX (Vanguard Balanced Index Fund Institutional Shares) are both Diversified Portfolio funds. Over the past 10 years, NWQIX returned 5.32%/yr vs 9.79%/yr for VBAIX. A 0.69 correlation means they provide meaningful diversification when combined. NWQIX charges 0.70%/yr vs 0.04%/yr for VBAIX.
Performance
NWQIX vs. VBAIX - Performance Comparison
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Returns By Period
In the year-to-date period, NWQIX achieves a 5.42% return, which is significantly lower than VBAIX's 6.53% return. Over the past 10 years, NWQIX has underperformed VBAIX with an annualized return of 5.32%, while VBAIX has yielded a comparatively higher 9.79% annualized return.
NWQIX
- 1D
- -0.30%
- 1M
- 0.31%
- 6M
- 4.57%
- YTD
- 5.42%
- 1Y
- 12.62%
- 3Y*
- 10.22%
- 5Y*
- 4.16%
- 10Y*
- 5.32%
VBAIX
- 1D
- -0.62%
- 1M
- 0.49%
- 6M
- 5.05%
- YTD
- 6.53%
- 1Y
- 14.31%
- 3Y*
- 14.51%
- 5Y*
- 7.83%
- 10Y*
- 9.79%
NWQIX vs. VBAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWQIX Nuveen Flexible Income Fund | 5.42% | 11.74% | 6.03% | 11.61% | -13.64% | 4.94% | 5.54% | 18.57% | -4.07% | 9.18% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | 6.53% | 13.60% | 17.78% | 17.55% | -16.87% | 14.20% | 16.40% | 21.79% | -2.83% | 13.86% |
Correlation
The correlation between NWQIX and VBAIX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2010 | 0.69 |
The correlation between NWQIX and VBAIX shifts across timeframes, from 0.68 (10 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NWQIX vs. VBAIX — Risk / Return Rank
NWQIX
VBAIX
NWQIX vs. VBAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Flexible Income Fund (NWQIX) and Vanguard Balanced Index Fund Institutional Shares (VBAIX). 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.
| NWQIX | VBAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.32 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 2.49 | +1.86 |
| Martin ratioReturn relative to average drawdown | 20.66 | 10.90 | +9.76 |
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Drawdowns
NWQIX vs. VBAIX - Drawdown Comparison
The maximum NWQIX drawdown since its inception was -23.89%, smaller than the maximum VBAIX drawdown of -35.82%. Use the drawdown chart below to compare losses from any high point for NWQIX and VBAIX.
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Drawdown Indicators
| NWQIX | VBAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.89% | -35.82% | +11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -5.84% | +2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -4.59% | -11.57% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.75% | -21.52% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -22.77% | -1.12% |
Current DrawdownCurrent decline from peak | -0.54% | -0.81% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -4.41% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 1.33% | -0.71% |
Volatility
NWQIX vs. VBAIX - Volatility Comparison
The current volatility for Nuveen Flexible Income Fund (NWQIX) is 1.14%, while Vanguard Balanced Index Fund Institutional Shares (VBAIX) has a volatility of 2.70%. This indicates that NWQIX experiences smaller price fluctuations and is considered to be less risky than VBAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWQIX | VBAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 2.70% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 6.78% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 8.39% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 11.18% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 11.24% | -4.95% |
NWQIX vs. VBAIX - Expense Ratio Comparison
NWQIX has a 0.70% expense ratio, which is higher than VBAIX's 0.04% expense ratio.
Dividends
NWQIX vs. VBAIX - Dividend Comparison
NWQIX's dividend yield for the trailing twelve months is around 5.53%, more than VBAIX's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWQIX Nuveen Flexible Income Fund | 5.53% | 6.09% | 5.20% | 7.84% | 7.02% | 4.39% | 4.82% | 5.71% | 6.23% | 5.67% | 5.52% | 5.70% |
VBAIX Vanguard Balanced Index Fund Institutional Shares | 5.35% | 6.01% | 8.01% | 4.36% | 2.84% | 3.20% | 2.65% | 2.29% | 2.33% | 1.96% | 2.10% | 2.10% |
Frequently Asked Questions
NWQIX and VBAIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBAIX has higher volatility (2.70%) compared to NWQIX (1.14%). In terms of maximum drawdown, NWQIX dropped -23.89% vs VBAIX's -35.82%.
NWQIX currently has the higher Sharpe Ratio (3.26 vs 1.74), 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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