CCIF vs. NMAI
CCIF (Carlyle Credit Income Fund) and NMAI (Nuveen Multi-Asset Income Fund) are both mutual funds - CCIF is a Intermediate Core Bond fund actively managed by Carlyle, while NMAI is a Global Allocation fund actively managed by Nuveen. Both are actively managed. Over the past 3 years, CCIF returned -14.09%/yr vs 19.24%/yr for NMAI. At a 0.23 correlation, their price movements are largely independent.
Performance
CCIF vs. NMAI - Performance Comparison
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Returns By Period
In the year-to-date period, CCIF achieves a -30.01% return, which is significantly lower than NMAI's 14.99% return.
CCIF
- 1D
- -2.13%
- 1M
- -5.36%
- 6M
- -32.46%
- YTD
- -30.01%
- 1Y
- -42.65%
- 3Y*
- -14.09%
- 5Y*
- -8.45%
- 10Y*
- —
NMAI
- 1D
- -0.56%
- 1M
- 2.49%
- 6M
- 12.44%
- YTD
- 14.99%
- 1Y
- 26.87%
- 3Y*
- 19.24%
- 5Y*
- —
- 10Y*
- —
CCIF vs. NMAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | -30.01% | -27.64% | 16.37% | 14.50% | -6.37% | -1.99% |
NMAI Nuveen Multi-Asset Income Fund | 14.99% | 20.03% | 11.65% | 19.52% | -26.38% | -4.91% |
Correlation
The correlation between CCIF and NMAI is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.23 |
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Return for Risk
CCIF vs. NMAI — Risk / Return Rank
CCIF
NMAI
CCIF vs. NMAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlyle Credit Income Fund (CCIF) 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.
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.
| CCIF | NMAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.76 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.36 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.27 | -3.22 |
| Martin ratioReturn relative to average drawdown | -1.52 | 9.48 | -11.01 |
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Drawdowns
CCIF vs. NMAI - Drawdown Comparison
The maximum CCIF drawdown since its inception was -53.23%, which is greater than NMAI's maximum drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for CCIF and NMAI.
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Drawdown Indicators
| CCIF | NMAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.23% | -37.40% | -15.83% |
Max Drawdown (1Y)Largest decline over 1 year | -45.12% | -11.88% | -33.24% |
Max Drawdown (3Y)Largest decline over 3 years | -53.23% | -13.05% | -40.18% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | — | — |
Current DrawdownCurrent decline from peak | -51.66% | -0.56% | -51.10% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -13.75% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.06% | 2.84% | +25.22% |
Volatility
CCIF vs. NMAI - Volatility Comparison
Carlyle Credit Income Fund (CCIF) has a higher volatility of 7.78% compared to Nuveen Multi-Asset Income Fund (NMAI) at 4.35%. This indicates that CCIF'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
| CCIF | NMAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.78% | 4.35% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 11.56% | +14.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 13.46% | +16.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 16.63% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 16.63% | +8.79% |
Dividends
CCIF vs. NMAI - Dividend Comparison
CCIF's dividend yield for the trailing twelve months is around 44.70%, more than NMAI's 10.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CCIF Carlyle Credit Income Fund | 44.70% | 26.87% | 15.73% | 23.58% | 9.96% | 8.55% | 6.09% | 3.77% |
NMAI Nuveen Multi-Asset Income Fund | 10.13% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% | 0.00% | 0.00% |
Frequently Asked Questions
CCIF and NMAI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCIF has higher volatility (7.78%) compared to NMAI (4.35%). In terms of maximum drawdown, CCIF dropped -53.23% vs NMAI's -37.40%.
NMAI currently has the higher Sharpe Ratio (2.01 vs -1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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