ASET vs. NRIIX

Last updated Aug 2, 2026

ASET (FlexShares Real Assets Allocation Index Fund) and NRIIX (Nuveen Real Asset Income Fund) are both funds - ASET is a Diversified Portfolio fund tracking the Northern Trust Real Assets Allocation Total Return, while NRIIX is a Global Allocation fund managed by Nuveen. ASET charges 0.57%/yr vs 0.91%/yr for NRIIX.

Performance

ASET vs. NRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Real Assets Allocation Index Fund (ASET) and Nuveen Real Asset Income Fund (NRIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASET

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NRIIX

• 1D: -0.13%
• 1M: 0.13%
• 6M: 4.31%
• YTD: 7.20%
• 1Y: 12.15%
• 3Y*: 10.95%
• 5Y*: 5.12%
• 10Y*: 5.44%
• ALL TIME*: 7.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASET FlexShares Real Assets Allocation Index Fund	$0.00	$0.00	$0.00
NRIIX Nuveen Real Asset Income Fund	$0.00	$0.00	$0.00

ASET vs. NRIIX - Yearly Performance Comparison

	2026 (YTD)
ASET FlexShares Real Assets Allocation Index Fund	0.00%
NRIIX Nuveen Real Asset Income Fund	3.81%

Return for Risk

ASET vs. NRIIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NRIIX

NRIIX Risk / Return Rank: 85
NRIIX Sharpe Ratio Rank: 89
NRIIX Sortino Ratio Rank: 87
NRIIX Omega Ratio Rank: 85
NRIIX Calmar Ratio Rank: 79
NRIIX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASET vs. NRIIX - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASET	NRIIX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.21	—
Sortino ratio: Return per unit of downside risk	—	3.16	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	2.61	—
Martin ratio: Return relative to average drawdown	—	10.58	—

Drawdowns

ASET vs. NRIIX - Drawdown Comparison

The maximum ASET drawdown since its inception was 0.00%, smaller than the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for ASET and NRIIX.

Drawdown Indicators

	ASET	NRIIX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-37.35%	+37.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.35%	—
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	0.00%	-3.61%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.20%	—

Volatility

Volatility by Period

	ASET	NRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	5.82%	-5.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	8.38%	-8.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	10.19%	-10.19%

ASET vs. NRIIX - Expense Ratio Comparison

ASET has a 0.57% expense ratio, which is lower than NRIIX's 0.91% expense ratio.

Dividends

ASET vs. NRIIX - Dividend Comparison

ASET has not paid dividends to shareholders, while NRIIX's dividend yield for the trailing twelve months is around 5.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NRIIX Nuveen Real Asset Income Fund	5.82%	6.71%	5.39%	6.70%	5.81%	4.34%	4.63%	5.99%	5.82%	5.73%	5.47%	5.70%