DMO vs. NRIIX
DMO (Dimensional Multi-Asset Fund) and NRIIX (Nuveen Real Asset Income Fund) are both Global Allocation funds. Over the past 10 years, DMO returned 3.76%/yr vs 5.49%/yr for NRIIX. Their 0.26 correlation means their historical movements had little consistent relationship. DMO charges 0.04%/yr vs 0.91%/yr for NRIIX.
Performance
DMO vs. NRIIX - Performance Comparison
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Returns By Period
In the year-to-date period, DMO achieves a 1.66% return, which is significantly lower than NRIIX's 7.34% return. Over the past 10 years, DMO has underperformed NRIIX with an annualized return of 3.76%, while NRIIX has yielded a comparatively higher 5.49% annualized return.
DMO
- 1D
- 0.19%
- 1M
- -1.78%
- 6M
- 0.19%
- YTD
- 1.66%
- 1Y
- -0.24%
- 3Y*
- 11.42%
- 5Y*
- 3.64%
- 10Y*
- 3.76%
- ALL TIME*
- 8.28%
NRIIX
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 4.40%
- YTD
- 7.34%
- 1Y
- 11.64%
- 3Y*
- 11.71%
- 5Y*
- 5.16%
- 10Y*
- 5.49%
- ALL TIME*
- 7.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $399.37K | $416.73K | $406.81K | |
| $0.00 | $0.00 | $0.00 |
DMO vs. NRIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 1.66% | 6.95% | 20.24% | 16.79% | -21.64% | 17.12% | -22.32% | 9.10% | -2.04% | 23.46% |
NRIIX Nuveen Real Asset Income Fund | 7.34% | 12.55% | 7.56% | 10.38% | -11.50% | 10.58% | -3.45% | 22.74% | -6.10% | 12.39% |
Correlation
The correlation between DMO and NRIIX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011 | 0.26 |
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Return for Risk
DMO vs. NRIIX — Risk / Return Rank
DMO
NRIIX
DMO vs. NRIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Multi-Asset Fund (DMO) 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.
| DMO | NRIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.53 | -2.56 |
| Martin ratioReturn relative to average drawdown | -0.07 | 10.26 | -10.33 |
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Drawdowns
DMO vs. NRIIX - Drawdown Comparison
The maximum DMO drawdown since its inception was -49.16%, which is greater than NRIIX's maximum drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for DMO and NRIIX.
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Drawdown Indicators
| DMO | NRIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.16% | -37.35% | -11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -4.90% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -6.41% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -29.04% | -18.44% | -10.60% |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | -37.35% | -11.81% |
Current DrawdownCurrent decline from peak | -4.49% | -0.38% | -4.11% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -3.61% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 1.20% | +2.40% |
Volatility
DMO vs. NRIIX - Volatility Comparison
Dimensional Multi-Asset Fund (DMO) has a higher volatility of 1.57% compared to Nuveen Real Asset Income Fund (NRIIX) at 1.11%. This indicates that DMO'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.
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Volatility by Period
| DMO | NRIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.11% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 4.75% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 5.80% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 8.38% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 10.19% | +9.73% |
DMO vs. NRIIX - Expense Ratio Comparison
DMO has a 0.04% expense ratio, which is lower than NRIIX's 0.91% expense ratio.
Dividends
DMO vs. NRIIX - Dividend Comparison
DMO's dividend yield for the trailing twelve months is around 14.22%, more than NRIIX's 6.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DMO Dimensional Multi-Asset Fund | 14.22% | 14.01% | 12.92% | 11.46% | 11.51% | 8.88% | 10.95% | 9.63% | 18.93% | 13.30% | 13.19% | 14.09% |
NRIIX Nuveen Real Asset Income Fund | 6.27% | 6.71% | 5.39% | 6.70% | 5.81% | 4.34% | 4.63% | 5.99% | 5.82% | 5.73% | 5.47% | 5.70% |
Frequently Asked Questions
DMO and NRIIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMO has higher volatility (1.57%) compared to NRIIX (1.11%). In terms of maximum drawdown, DMO dropped -49.16% vs NRIIX's -37.35%.
NRIIX currently has the higher Sharpe Ratio (2.14 vs -0.02), 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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