ARAW.DE vs. NMAI
ARAW.DE (abrdn Future Raw Materials UCITS ETF) and NMAI (Nuveen Multi-Asset Income Fund) are both funds - ARAW.DE is a Materials fund actively managed by abrdn, while NMAI is a Global Allocation fund actively managed by Nuveen. Both are actively managed. Over the past year, ARAW.DE returned 137.40% vs 21.56% for NMAI. At a 0.28 correlation, their price movements are largely independent. ARAW.DE charges 0.45%/yr vs 2.91%/yr for NMAI.
Performance
ARAW.DE vs. NMAI - Performance Comparison
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Different Trading Currencies
ARAW.DE is traded in EUR, while NMAI is traded in USD. To make them comparable, the NMAI values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARAW.DE achieves a 26.31% return, which is significantly higher than NMAI's 12.77% return.
ARAW.DE
- 1D
- -2.07%
- 1M
- 2.74%
- YTD
- 26.31%
- 6M
- 36.73%
- 1Y
- 137.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NMAI
- 1D
- -0.35%
- 1M
- 2.30%
- YTD
- 12.77%
- 6M
- 10.60%
- 1Y
- 21.56%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
ARAW.DE vs. NMAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARAW.DE abrdn Future Raw Materials UCITS ETF | 26.31% | 94.76% |
NMAI Nuveen Multi-Asset Income Fund | 12.77% | 8.02% |
Correlation
The correlation between ARAW.DE and NMAI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | 0.28 |
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Return for Risk
ARAW.DE vs. NMAI — Risk / Return Rank
ARAW.DE
NMAI
ARAW.DE vs. NMAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Future Raw Materials UCITS ETF (ARAW.DE) and Nuveen Multi-Asset Income Fund (NMAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ARAW.DE | NMAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.31 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.69 | 2.21 | +4.48 |
| Martin ratioReturn relative to average drawdown | 25.81 | 8.44 | +17.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARAW.DE | NMAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.36 | 1.69 | +2.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.33 | 0.31 | +4.01 |
Drawdowns
ARAW.DE vs. NMAI - Drawdown Comparison
The maximum ARAW.DE drawdown since its inception was -20.41%, smaller than the maximum NMAI drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for ARAW.DE and NMAI.
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Drawdown Indicators
| ARAW.DE | NMAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.41% | -26.08% | +5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -20.41% | -9.80% | -10.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.06% | — |
Current DrawdownCurrent decline from peak | -4.46% | -1.93% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -10.55% | +7.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 2.56% | +2.74% |
Volatility
ARAW.DE vs. NMAI - Volatility Comparison
abrdn Future Raw Materials UCITS ETF (ARAW.DE) has a higher volatility of 11.01% compared to Nuveen Multi-Asset Income Fund (NMAI) at 3.60%. This indicates that ARAW.DE's price experiences larger fluctuations and is considered to be riskier than NMAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARAW.DE | NMAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.01% | 3.60% | +7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 25.93% | 10.29% | +15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.38% | 12.78% | +18.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 16.12% | +14.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.66% | 16.12% | +14.54% |
ARAW.DE vs. NMAI - Expense Ratio Comparison
ARAW.DE has a 0.45% expense ratio, which is lower than NMAI's 2.91% expense ratio.
Dividends
ARAW.DE vs. NMAI - Dividend Comparison
ARAW.DE has not paid dividends to shareholders, while NMAI's dividend yield for the trailing twelve months is around 10.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARAW.DE abrdn Future Raw Materials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NMAI Nuveen Multi-Asset Income Fund | 10.42% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% |
Frequently Asked Questions
ARAW.DE and NMAI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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