Nuveen Real Asset Income Fund (NRIIX) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NRIIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NRIIX
NRIIX charges 0.91% annually. There are 43 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | NRIIX vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | NRIIX vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | NRIIX vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | NRIIX vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | NRIIX vs JNSMX |
Best Risk-Adjusted Alternatives to NRIIX
NRIIX has a PortfoliosLab risk / return rank of 83. There are 26 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 98 | — | Dec 2002 | NRIIX vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | NRIIX vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | NRIIX vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | NRIIX vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | NRIIX vs PDSYX |
Top Performing NRIIX Alternatives (YTD)
NRIIX is at 7.34% YTD. There are 53 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.98%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | 18.98% | — | Dec 2002 | NRIIX vs TIBAX | |
| Calamos Global Total Return Fund | 17.25% | — | Oct 2005 | NRIIX vs CGO | |
| Calamos Global Dynamic Income Fund | 16.99% | — | Jun 2007 | NRIIX vs CHW | |
| Wilmington Real Asset Fund | 16.46% | — | Jun 2003 | NRIIX vs WMRIX | |
| Nuveen Multi-Asset Income Fund | 15.72% | — | Nov 2021 | NRIIX vs NMAI |
Lowest Volatility Alternatives to NRIIX
NRIIX has 5.79% 1-year volatility. There are 3 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | NRIIX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.42% | — | Dec 2017 | NRIIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.78% | — | Mar 2011 | NRIIX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | NRIIX vs PMFYX | |
| MH Elite Income Fund of Funds | 6.25% | — | Aug 2011 | NRIIX vs MHEIX |
Lowest Drawdown Alternatives to NRIIX
NRIIX has a 1-year max drawdown of -4.90%. There are 7 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | NRIIX vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | NRIIX vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | NRIIX vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | NRIIX vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | NRIIX vs MSTGX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 58 | 10.32% | — | Jul 1999 | NRIIX vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 63 | 10.40% | — | Jan 2007 | NRIIX vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 10 | 0.47% | — | Oct 2002 | NRIIX vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 31 | 8.76% | — | Nov 2005 | NRIIX vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 2.40% | — | Jun 2003 | NRIIX vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 85 | 2.14% | — | Jun 1999 | NRIIX vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 69 | 0.93% | — | Dec 2006 | NRIIX vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 27 | 5.21% | — | Mar 2006 | NRIIX vs NSBRX | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 5.34% | — | Dec 2009 | NRIIX vs NWQIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 88 | 1.83% | — | Jan 2013 | NRIIX vs NVHIX |
Often Compared With NRIIX
Investors most often compare NRIIX with ASET, SVAIX, VOO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare NRIIX with Any Fund or Stock
Compare NRIIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NRIIX with funds that move differently
Nuveen Real Asset Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NRIIX.
Explore NRIIX Diversifiers