USIBX vs. NPCT
USIBX (USAA Intermediate Term Bond Fund) and NPCT (Nuveen Core Plus Impact Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, USIBX returned 0.64%/yr vs -3.39%/yr for NPCT. At a 0.49 correlation, their price movements are largely independent. USIBX charges 0.63%/yr vs 5.08%/yr for NPCT.
Performance
USIBX vs. NPCT - Performance Comparison
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Returns By Period
In the year-to-date period, USIBX achieves a 0.33% return, which is significantly lower than NPCT's 3.14% return.
USIBX
- 1D
- -0.11%
- 1M
- -0.16%
- 6M
- 0.23%
- YTD
- 0.33%
- 1Y
- 4.48%
- 3Y*
- 4.93%
- 5Y*
- 0.64%
- 10Y*
- 2.86%
NPCT
- 1D
- -0.70%
- 1M
- 0.20%
- 6M
- 2.64%
- YTD
- 3.14%
- 1Y
- -0.92%
- 3Y*
- 11.38%
- 5Y*
- -3.39%
- 10Y*
- —
USIBX vs. NPCT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USIBX USAA Intermediate Term Bond Fund | 0.33% | 7.48% | 2.84% | 6.74% | -12.69% | 1.95% |
NPCT Nuveen Core Plus Impact Fund | 3.14% | 9.87% | 17.23% | 7.78% | -37.50% | -4.98% |
Correlation
The correlation between USIBX and NPCT is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021 | 0.49 |
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Return for Risk
USIBX vs. NPCT — Risk / Return Rank
USIBX
NPCT
USIBX vs. NPCT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Intermediate Term Bond Fund (USIBX) 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.
| USIBX | NPCT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.99 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | -0.14 | +1.54 |
| Martin ratioReturn relative to average drawdown | 4.15 | -0.31 | +4.46 |
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Drawdowns
USIBX vs. NPCT - Drawdown Comparison
The maximum USIBX drawdown since its inception was -18.49%, smaller than the maximum NPCT drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for USIBX and NPCT.
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Drawdown Indicators
| USIBX | NPCT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -46.77% | +28.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -6.79% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -5.37% | -12.59% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.49% | -46.77% | +28.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.49% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -16.26% | +14.84% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -25.03% | +22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.01% | -2.03% |
Volatility
USIBX vs. NPCT - Volatility Comparison
The current volatility for USAA Intermediate Term Bond Fund (USIBX) is 1.14%, while Nuveen Core Plus Impact Fund (NPCT) has a volatility of 2.44%. This indicates that USIBX 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
| USIBX | NPCT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 2.44% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 7.48% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 9.79% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 13.10% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 13.00% | -8.27% |
USIBX vs. NPCT - Expense Ratio Comparison
USIBX has a 0.63% expense ratio, which is lower than NPCT's 5.08% expense ratio.
Dividends
USIBX vs. NPCT - Dividend Comparison
USIBX's dividend yield for the trailing twelve months is around 4.78%, less than NPCT's 12.31% 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% |
USIBX USAA Intermediate Term Bond Fund | 4.78% | 4.56% | 4.47% | 3.71% | 3.17% | 4.92% | 6.84% | 4.93% | 3.67% | 3.45% | 3.86% | 4.35% |
Frequently Asked Questions
USIBX and NPCT have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPCT has higher volatility (2.44%) compared to USIBX (1.14%). In terms of maximum drawdown, USIBX dropped -18.49% vs NPCT's -46.77%.
USIBX currently has the higher Sharpe Ratio (1.06 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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