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 42 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 48. There are 60 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 | |
| Hartford Real Asset Fund | 97 | — | May 2010 | NRIIX vs HRLYX | |
| GMO Benchmark-Free Fund | 96 | — | Jun 2011 | NRIIX vs GBFFX | |
| GMO Implementation Fund | 95 | — | Feb 2012 | NRIIX vs GIMFX | |
| GMO Benchmark-Free Allocation Fund | 95 | — | Jul 2003 | NRIIX vs GBMFX |
Top Performing NRIIX Alternatives (YTD)
NRIIX is at 5.54% YTD. There are 70 mutual funds in the Global Allocation category with higher YTD returns, going as high as 25.76%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Total Return Fund | 25.76% | — | Oct 2005 | NRIIX vs CGO | |
| Calamos Global Dynamic Income Fund | 25.48% | — | Jun 2007 | NRIIX vs CHW | |
| Calamos Global Opportunities Fund | 19.22% | — | Sep 1996 | NRIIX vs CVLOX | |
| Allspring Absolute Return Fund | 18.69% | — | Feb 2012 | NRIIX vs WARAX | |
| Thornburg Investment Income Builder Fund | 17.92% | — | Dec 2002 | NRIIX vs TIBAX |
Lowest Volatility Alternatives to NRIIX
NRIIX has 5.77% 1-year volatility. There are 4 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 2.98% | — | Jul 2019 | NRIIX vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.27% | — | Dec 2017 | NRIIX vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.58% | — | Mar 2011 | NRIIX vs LFMIX | |
| Pioneer Multi-Asset Income Fund | 5.66% | — | Dec 2011 | NRIIX vs PMFYX | |
| Catalyst/MAP Global Balanced Fund | 6.09% | — | Jul 2011 | NRIIX vs TRXAX |
Lowest Drawdown Alternatives to NRIIX
NRIIX has a 1-year max drawdown of -4.90%. There are 10 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 | -2.60% | — | Mar 2011 | NRIIX vs LFMIX | |
| Hartford Real Asset Fund | -3.18% | — | May 2010 | NRIIX vs HRLYX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | NRIIX vs PFADX | |
| Wilmington Real Asset Fund | -3.74% | — | Jun 2003 | NRIIX vs WMRIX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 71 | 11.82% | — | Jan 2007 | NRIIX vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 16 | 3.81% | — | Nov 2005 | NRIIX vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 61 | 3.18% | — | Jun 1999 | NRIIX vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 0.73% | — | Jun 2003 | NRIIX vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.56% | — | Mar 2006 | NRIIX vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 76 | 0.72% | — | Dec 2006 | NRIIX vs NPSRX | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 70 | 17.58% | — | Dec 1987 | NRIIX vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 62 | 1.93% | — | Jan 2013 | NRIIX vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.51% | — | May 2009 | NRIIX vs NVLIX | |
| Nuveen Equity Long/Short Fund | Long-Short | 57 | 8.22% | — | Dec 2008 | NRIIX vs NELIX |
Often Compared With NRIIX
Investors most often compare NRIIX with ASET, SVAIX, FREL. These 20 comparison targets span 5 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