NPCT vs PPT: Correlation
Nuveen Core Plus Impact Fund (NPCT) and Franklin Premier Income Trust Shares of Beneficial Interest (PPT) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NPCT and PPT?
Across a 3-year window, the weekly returns of NPCT and PPT correlate at 0.62, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 62.0 %².
Among the 17 assets we track against NPCT, PPT ranks #9 by 3-year correlation. Neither side won the trailing year by much: -0.3% against +2.4%.
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.
NPCT vs PPT: side by side
| NPCT (Nuveen Core Plus Impact Fund) | PPT (Franklin Premier Income Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -0.3% | +2.4% |
| 5-year return | -14.4% | +15.6% |
| Volatility (ann.) | 11.7% | 8.6% |
| Beta vs S&P 500 | 0.38 | 0.24 |
| Max drawdown (3Y) | -10.8% | -5.9% |
| Market cap | $0.3B | – |
| P/E (trailing) | 10.7 | 11.1 |
| Dividend yield | 0.00% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NPCT | PPT |
|---|---|---|
| 2022 | -37.5% | -7.7% |
| 2023 | +7.8% | +7.4% |
| 2024 | +17.3% | +8.8% |
| 2025 | +9.9% | +8.4% |
| 2026 | +2.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NPCT and PPT good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NPCT and PPT?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.64 over the last year and 0.51 over 5 years.
Is PPT a good diversifier for NPCT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/npct-vs-ppt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/npct-vs-ppt/)
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Related comparisons
Hubs: NPCT correlations · PPT correlations
