PDX vs. NPCT
PDX (PIMCO Dynamic Income Strategy Fund) and NPCT (Nuveen Core Plus Impact Fund) are both mutual funds - PDX is a Tactical Allocation fund actively managed by PIMCO, while NPCT is a Intermediate Core-Plus Bond fund actively managed by Nuveen. Both are actively managed. Over the past 5 years, PDX returned 24.35%/yr vs -3.47%/yr for NPCT. At a 0.19 correlation, their price movements are largely independent. PDX charges 2.31%/yr vs 5.08%/yr for NPCT.
Performance
PDX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, PDX achieves a 17.45% return, which is significantly higher than NPCT's 2.61% return.
PDX
- 1D
- 0.05%
- 1M
- 2.08%
- 6M
- 11.09%
- YTD
- 17.45%
- 1Y
- 7.64%
- 3Y*
- 23.06%
- 5Y*
- 24.35%
- 10Y*
- —
- ALL TIME*
- 10.93%
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%
PDX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PDX PIMCO Dynamic Income Strategy Fund | 17.45% | -10.59% | 36.99% | 44.51% | 23.02% | 30.80% |
NPCT Nuveen Core Plus Impact Fund | 2.61% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between PDX and NPCT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.19 |
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Return for Risk
PDX vs. NPCT — Risk / Return Rank
PDX
NPCT
PDX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Dynamic Income Strategy Fund (PDX) and Nuveen Core Plus Impact Fund (NPCT). 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.
| PDX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | -0.18 | +0.67 |
| Martin ratioReturn relative to average drawdown | 1.11 | -0.41 | +1.52 |
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Drawdowns
PDX vs. NPCT - Drawdown Comparison
The maximum PDX drawdown since its inception was -80.63%, which is greater than NPCT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for PDX and NPCT.
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Drawdown Indicators
| PDX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.63% | -46.77% | -33.86% |
Max Drawdown (1Y)Largest decline over 1 year | -15.65% | -6.79% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -37.24% | -12.42% | -24.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.24% | -46.50% | +9.26% |
Current DrawdownCurrent decline from peak | -14.69% | -16.70% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -18.78% | -25.00% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 3.05% | +3.85% |
Volatility
PDX vs. NPCT - Volatility Comparison
PIMCO Dynamic Income Strategy Fund (PDX) has a higher volatility of 2.78% compared to Nuveen Core Plus Impact Fund (NPCT) at 2.40%. This indicates that PDX's price experiences larger fluctuations and is considered to be riskier than NPCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.40% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 7.50% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 9.32% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 13.09% | +12.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.19% | 12.98% | +23.21% |
PDX vs. NPCT - Expense Ratio Comparison
PDX has a 2.31% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
PDX vs. NPCT - Dividend Comparison
PDX's dividend yield for the trailing twelve months is around 21.68%, more than NPCT's 12.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
NPCT Nuveen Core Plus Impact Fund | 12.30% | 13.15% | 12.20% | 10.28% | 11.93% | 3.94% | 0.00% | 0.00% |
PDX PIMCO Dynamic Income Strategy Fund | 21.68% | 24.34% | 6.31% | 4.30% | 5.89% | 5.28% | 14.11% | 9.58% |
Frequently Asked Questions
PDX and NPCT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDX has higher volatility (2.78%) compared to NPCT (2.40%). In terms of maximum drawdown, PDX dropped -80.63% vs NPCT's -46.77%.
PDX currently has the higher Sharpe Ratio (0.55 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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