NPCT vs VOO
Nuveen Core Plus Impact Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NPCT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.38% | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | 11.27% | 1.09% | |
| Holdings | 131 | 509 | |
| YTD Return | +3.03% | +13.79% | |
| 1Y Return | +0.43% | +23.01% | |
| 3Y Return (annualized) | +11.98% | +21.78% | |
| 5Y Return (annualized) | -3.16% | +13.39% | |
| Volatility (annualized) | 16.8% | 14.1% | |
| Max Drawdown | -46.8% | -34.3% | |
| Fund Family | Nuveen | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 27, 2021 | Sep 7, 2010 |
NPCT vs VOO Performance
Nuveen Core Plus Impact Fund (NPCT) is a ETF from Nuveen and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NPCT returned +0.43% while VOO returned +23.01%. Year to date, NPCT is up 3.03% versus a gain of 13.79% for VOO.
Over three years, NPCT compounded at +11.98% per year against +21.78% for VOO; over five years the annualized figures are -3.16% and +13.39% respectively. Across the full 5-year window we track, VOO has the edge at +13.57% annualized vs -3.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NPCT has been the more volatile fund, with annualized monthly volatility of 16.8% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -46.8% for NPCT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NPCT charges 1.38% per year while VOO charges 0.03%. On a $10,000 position that is $138 vs $3 annually, a gap of $135 per year that compounds over a long holding period. On income, NPCT currently yields 11.27% against 1.09% for VOO.
Holdings Overlap
NPCT and VOO share 1 holdings out of 510 unique holdings combined, representing a 0.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NPCT | Weight in VOO | Difference |
|---|---|---|---|
| JPM:US | 0.64% | 1.26% | 0.62% |
Frequently Asked Questions
Which is cheaper, NPCT or VOO?
NPCT has an expense ratio of 1.38% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $135 per year of difference.
Which performed better, NPCT or VOO?
Over the past year NPCT returned +0.43% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), NPCT annualized -3.04% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, NPCT or VOO?
NPCT has been the more volatile fund at 16.8% annualized versus 14.1% for VOO. Worst drawdown: NPCT -46.8% vs VOO -34.3%.
Should I hold both NPCT and VOO?
NPCT and VOO have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NPCT and VOO?
NPCT and VOO share 1 common holdings with a 0.6% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, NPCT or VOO?
NPCT yields 11.27% while VOO yields 1.09%, so NPCT currently pays the higher dividend yield.
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