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PTKIX vs. NPCT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTKIX vs. NPCT

Last updated Jun 4, 2026

PTKIX (T. Rowe Price Total Return Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, PTKIX returned -0.30%/yr vs -3.29%/yr for NPCT. At a 0.47 correlation, their price movements are largely independent. PTKIX charges 0.33%/yr vs 5.08%/yr for NPCT.

Performance

PTKIX vs. NPCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Total Return Fund (PTKIX) and Nuveen Core Plus Impact Fund (NPCT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTKIX achieves a 0.54% return, which is significantly lower than NPCT's 2.11% return.

PTKIX

1D
0.00%
1M
0.55%
YTD
0.54%
6M
0.66%
1Y
5.83%
3Y*
4.41%
5Y*
-0.30%
10Y*
—

NPCT

1D
-1.00%
1M
-4.71%
YTD
2.11%
6M
-0.13%
1Y
1.71%
3Y*
11.99%
5Y*
-3.29%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTKIX vs. NPCT - Yearly Performance Comparison

2026 (YTD)20252024202320222021
PTKIX
T. Rowe Price Total Return Fund		0.54%7.50%2.46%4.95%-16.52%1.99%
NPCT
Nuveen Core Plus Impact Fund		2.11%9.87%17.23%7.78%-37.50%-4.98%

Correlation

The correlation between PTKIX and NPCT is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

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

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2021

0.47

Compare stocks, funds, or ETFs

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

T. Rowe Price Total Return Fund

Nuveen Core Plus Impact Fund

Often compared with PTKIX:
PTKIX vs. DBLTXPTKIX vs. FBNDPTKIX vs. BNDWPTKIX vs. SSASXPTKIX vs. AAIIXPTKIX vs. EINFXPTKIX vs. HOBIX
Often compared with NPCT:
NPCT vs. EINFXNPCT vs. BCPIXNPCT vs. ARINXNPCT vs. FASEXNPCT vs. PGSIXNPCT vs. GUGAXNPCT vs. MCFIX

Return for Risk

PTKIX vs. NPCT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTKIX
PTKIX Risk / Return Rank: 2929
Overall Rank
PTKIX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
PTKIX Sortino Ratio Rank: 3333
Sortino Ratio Rank
PTKIX Omega Ratio Rank: 3030
Omega Ratio Rank
PTKIX Calmar Ratio Rank: 3030
Calmar Ratio Rank
PTKIX Martin Ratio Rank: 2525
Martin Ratio Rank
NPCT
NPCT Risk / Return Rank: 44
Overall Rank
NPCT Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NPCT Sortino Ratio Rank: 44
Sortino Ratio Rank
NPCT Omega Ratio Rank: 33
Omega Ratio Rank
NPCT Calmar Ratio Rank: 44
Calmar Ratio Rank
NPCT Martin Ratio Rank: 44
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.

PTKIX vs. NPCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund (PTKIX) 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.

PTKIXNPCTDifference
Sharpe ratioReturn per unit of total volatility
1.55
0.17

+1.38

Sortino ratioReturn per unit of downside risk
2.38
0.33

+2.05

Omega ratioGain probability vs. loss probability

1.29

1.04

+0.25

Calmar ratioReturn relative to maximum drawdown

2.06

0.25

+1.80

Martin ratioReturn relative to average drawdown

6.17

0.64

+5.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTKIX vs. NPCT - Sharpe Ratio Comparison

The current PTKIX Sharpe Ratio is 1.55, which is higher than the NPCT Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of PTKIX and NPCT, 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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Sharpe Ratios by Period

PTKIXNPCTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

0.17

+1.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

-0.25

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

-0.26

+0.72

Drawdowns

PTKIX vs. NPCT - Drawdown Comparison

The maximum PTKIX drawdown since its inception was -20.91%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for PTKIX and NPCT.

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Drawdown Indicators

PTKIXNPCTDifference

Max Drawdown

Largest peak-to-trough decline

-20.91%

-46.77%

+25.86%

Max Drawdown (1Y)

Largest decline over 1 year

-2.93%

-6.79%

+3.86%

Max Drawdown (3Y)

Largest decline over 3 years

-6.19%

-12.59%

+6.40%

Max Drawdown (5Y)

Largest decline over 5 years

-20.91%

-46.77%

+25.86%

Current Drawdown

Current decline from peak

-4.10%

-17.10%

+13.00%

Average Drawdown

Average peak-to-trough decline

-5.80%

-25.23%

+19.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

2.70%

-1.74%

Volatility

PTKIX vs. NPCT - Volatility Comparison

The current volatility for T. Rowe Price Total Return Fund (PTKIX) is 1.39%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 3.26%. This indicates that PTKIX experiences smaller price fluctuations and is considered to be less risky 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

PTKIXNPCTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

3.26%

-1.87%

Volatility (6M)

Calculated over the trailing 6-month period

2.88%

7.15%

-4.27%

Volatility (1Y)

Calculated over the trailing 1-year period

3.90%

9.83%

-5.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.88%

13.12%

-7.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.06%

13.07%

-8.01%

PTKIX vs. NPCT - Expense Ratio Comparison

PTKIX has a 0.33% expense ratio, which is lower than NPCT's 5.08% expense ratio.

Dividends

PTKIX vs. NPCT - Dividend Comparison

PTKIX's dividend yield for the trailing twelve months is around 5.23%, less than NPCT's 12.50% yield.

PositionTTM202520242023202220212020201920182017
NPCT
Nuveen Core Plus Impact Fund		12.50%13.15%12.20%10.28%11.93%3.94%0.00%0.00%0.00%0.00%
PTKIX
T. Rowe Price Total Return Fund		5.23%5.27%5.22%4.19%2.87%3.28%3.38%6.78%3.41%3.35%

Frequently Asked Questions

PTKIX and NPCT have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NPCT has higher volatility (3.26%) compared to PTKIX (1.39%). In terms of maximum drawdown, PTKIX dropped -20.91% vs NPCT's -46.77%.

PTKIX currently has the higher Sharpe Ratio (1.55 vs 0.17), 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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