DSL vs NPCT: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Nuveen Core Plus Impact Fund (NPCT) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and NPCT?
Over the past 3 years, DSL and NPCT moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 101.5 %².
Within DSL's tracked universe of 30 assets, NPCT comes in at #16 by 3-year correlation. Their 12-month results are close: -3.7% for DSL against -0.3% for NPCT.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DSL vs NPCT: side by side
| DSL (DoubleLine Income Solutions Fund) | NPCT (Nuveen Core Plus Impact Fund) | |
|---|---|---|
| 1-year return | -3.7% | -0.3% |
| 5-year return | +5.8% | -14.4% |
| Volatility (ann.) | 12.2% | 11.7% |
| Beta vs S&P 500 | 0.49 | 0.38 |
| Max drawdown (3Y) | -13.5% | -10.8% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 33.2 | 10.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | NPCT |
|---|---|---|
| 2022 | -22.6% | -37.5% |
| 2023 | +23.4% | +7.8% |
| 2024 | +14.0% | +17.3% |
| 2025 | -0.0% | +9.9% |
| 2026 | +2.1% | +2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and NPCT good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSL and NPCT?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.74 over the last year and 0.69 over 5 years.
Is NPCT a good diversifier for DSL?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dsl-vs-npct.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsl-vs-npct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · NPCT correlations
