ASET vs. NRIIX
Compare and contrast key facts about FlexShares Real Assets Allocation Index Fund (ASET) and Nuveen Real Asset Income Fund (NRIIX).
ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. NRIIX is managed by Nuveen. It was launched on Sep 12, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASET or NRIIX.
Key characteristics
| ASET | NRIIX | |
|---|---|---|
| YTD Return | 6.31% | 9.76% |
| 1Y Return | 17.59% | 20.51% |
| 3Y Return (Ann) | 0.78% | 1.88% |
| 5Y Return (Ann) | 4.17% | 3.18% |
| Sharpe Ratio | 1.29 | 2.89 |
| Sortino Ratio | 1.88 | 4.35 |
| Omega Ratio | 1.23 | 1.60 |
| Calmar Ratio | 0.83 | 1.59 |
| Martin Ratio | 6.77 | 16.79 |
| Ulcer Index | 2.22% | 1.22% |
| Daily Std Dev | 11.61% | 7.11% |
| Max Drawdown | -36.50% | -37.35% |
| Current Drawdown | -3.82% | -1.98% |
Correlation
The correlation between ASET and NRIIX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASET vs. NRIIX - Performance Comparison
In the year-to-date period, ASET achieves a 6.31% return, which is significantly lower than NRIIX's 9.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ASET vs. NRIIX - Expense Ratio Comparison
ASET has a 0.57% expense ratio, which is lower than NRIIX's 0.91% expense ratio.
Risk-Adjusted Performance
ASET vs. NRIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Real Assets Allocation Index Fund (ASET) and Nuveen Real Asset Income Fund (NRIIX). 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.
Dividends
ASET vs. NRIIX - Dividend Comparison
ASET's dividend yield for the trailing twelve months is around 2.75%, less than NRIIX's 4.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASET FlexShares Real Assets Allocation Index Fund | 2.75% | 2.88% | 2.70% | 2.49% | 2.08% | 3.08% | 3.04% | 2.26% | 3.29% | 1.11% | 0.00% | 0.00% |
NRIIX Nuveen Real Asset Income Fund | 4.76% | 5.05% | 5.47% | 5.53% | 4.63% | 5.99% | 5.82% | 5.73% | 5.48% | 5.70% | 4.36% | 5.28% |
Drawdowns
ASET vs. NRIIX - Drawdown Comparison
The maximum ASET drawdown since its inception was -36.50%, roughly equal to the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for ASET and NRIIX. For additional features, visit the drawdowns tool.
Volatility
ASET vs. NRIIX - Volatility Comparison
FlexShares Real Assets Allocation Index Fund (ASET) has a higher volatility of 2.68% compared to Nuveen Real Asset Income Fund (NRIIX) at 2.03%. This indicates that ASET's price experiences larger fluctuations and is considered to be riskier than NRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.