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ASET vs. NRIIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASET vs. NRIIX

Last updated Jun 23, 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.

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Returns By Period

ASET

1D
0.00%
1M
0.00%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

NRIIX

1D
0.04%
1M
-0.51%
YTD
5.44%
6M
6.74%
1Y
11.80%
3Y*
10.86%
5Y*
5.13%
10Y*
5.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASET vs. NRIIX - Yearly Performance Comparison

2026 (YTD)
ASET
FlexShares Real Assets Allocation Index Fund		0.00%
NRIIX
Nuveen Real Asset Income Fund		2.11%

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FlexShares Real Assets Allocation Index Fund

Nuveen Real Asset Income Fund

Often compared with ASET:
ASET vs. MOODASET vs. GABFASET vs. NFRAASET vs. GALASET vs. SCHDASET vs. RLYASET vs. RAA
Often compared with NRIIX:
NRIIX vs. SVAIXNRIIX vs. FRELNRIIX vs. VOONRIIX vs. CIBFXNRIIX vs. CVLOXNRIIX vs. TRXAXNRIIX vs. FESGX

Return for Risk

ASET vs. NRIIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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: 5252
Overall Rank
NRIIX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
NRIIX Sortino Ratio Rank: 5555
Sortino Ratio Rank
NRIIX Omega Ratio Rank: 5454
Omega Ratio Rank
NRIIX Calmar Ratio Rank: 4444
Calmar Ratio Rank
NRIIX Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

ASETNRIIXDifference
Sharpe ratioReturn per unit of total volatility

—

2.00

—

Sortino ratioReturn per unit of downside risk

—

2.84

—

Omega ratioGain probability vs. loss probability

—

1.37

—

Calmar ratioReturn relative to maximum drawdown

—

2.42

—

Martin ratioReturn relative to average drawdown

—

9.75

—

ASET vs. NRIIX - Sharpe Ratio Comparison

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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.

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Drawdown Indicators

ASETNRIIXDifference

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

—

-8.02%

—

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%

-0.99%

+0.99%

Average Drawdown

Average peak-to-trough decline

0.00%

-3.64%

+3.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.21%

—

Volatility

ASET vs. NRIIX - Volatility Comparison

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Volatility by Period

ASETNRIIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.78%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

4.67%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

5.91%

-5.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

8.41%

-8.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

10.23%

-10.23%

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 6.24%.

PositionTTM20252024202320222021202020192018201720162015
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		6.24%6.71%5.39%6.70%5.81%4.34%4.63%5.99%5.82%5.73%5.47%5.70%
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