FGIAX vs. QDISX

Last updated Jun 24, 2026

FGIAX (Nuveen Global Infrastructure Fund Class A) and QDISX (Fisher Investments Institutional Group Stock Fund for Retirement Plans) are both Global Equities funds. Over the past 5 years, FGIAX returned 9.78%/yr vs 13.68%/yr for QDISX. A 0.63 correlation means they provide meaningful diversification when combined. FGIAX charges 1.21%/yr vs 0.00%/yr for QDISX.

Performance

FGIAX vs. QDISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Global Infrastructure Fund Class A (FGIAX) and Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FGIAX having a 11.69% return and QDISX slightly higher at 12.04%.

FGIAX

• 1D: 0.47%
• 1M: -0.62%
• YTD: 11.69%
• 6M: 11.63%
• 1Y: 17.34%
• 3Y*: 15.17%
• 5Y*: 9.78%
• 10Y*: 8.78%

QDISX

• 1D: -0.05%
• 1M: 2.17%
• YTD: 12.04%
• 6M: 11.57%
• 1Y: 33.54%
• 3Y*: 23.80%
• 5Y*: 13.68%
• 10Y*: —

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

FGIAX vs. QDISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FGIAX Nuveen Global Infrastructure Fund Class A	11.69%	17.73%	10.70%	8.51%	-6.23%	14.51%	-2.76%	2.68%
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans	12.04%	25.34%	22.02%	36.03%	-24.15%	20.28%	27.76%	1.00%

Correlation

The correlation between FGIAX and QDISX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019	0.63

Over the past year, the correlation between FGIAX and QDISX has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

FGIAX vs. QDISX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGIAX

FGIAX Risk / Return Rank: 48
FGIAX Sharpe Ratio Rank: 42
FGIAX Sortino Ratio Rank: 40
FGIAX Omega Ratio Rank: 40
FGIAX Calmar Ratio Rank: 68
FGIAX Martin Ratio Rank: 49

QDISX

QDISX Risk / Return Rank: 83
QDISX Sharpe Ratio Rank: 88
QDISX Sortino Ratio Rank: 84
QDISX Omega Ratio Rank: 81
QDISX Calmar Ratio Rank: 80
QDISX Martin Ratio Rank: 82

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.

FGIAX vs. QDISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Global Infrastructure Fund Class A (FGIAX) and Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX). 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.

	FGIAX	QDISX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.68	-0.92
Sortino ratio: Return per unit of downside risk	2.45	3.69	-1.25
Omega ratio: Gain probability vs. loss probability	1.31	1.49	-0.17
Calmar ratio: Return relative to maximum drawdown	3.04	3.47	-0.44
Martin ratio: Return relative to average drawdown	9.58	14.14	-4.56

FGIAX vs. QDISX - Sharpe Ratio Comparison

The current FGIAX Sharpe Ratio is 1.75, which is lower than the QDISX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FGIAX and QDISX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGIAX vs. QDISX - Drawdown Comparison

The maximum FGIAX drawdown since its inception was -49.35%, which is greater than QDISX's maximum drawdown of -33.97%. Use the drawdown chart below to compare losses from any high point for FGIAX and QDISX.

Drawdown Indicators

	FGIAX	QDISX	Difference
Max Drawdown Largest peak-to-trough decline	-49.35%	-33.97%	-15.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-9.97%	+3.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.45%	-19.27%	+6.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	-33.97%	+12.89%
Max Drawdown (10Y) Largest decline over 10 years	-38.02%	—	—
Current Drawdown Current decline from peak	-2.45%	-0.19%	-2.26%
Average Drawdown Average peak-to-trough decline	-7.16%	-6.96%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.44%	-0.53%

Volatility

FGIAX vs. QDISX - Volatility Comparison

The current volatility for Nuveen Global Infrastructure Fund Class A (FGIAX) is 3.37%, while Fisher Investments Institutional Group Stock Fund for Retirement Plans (QDISX) has a volatility of 4.32%. This indicates that FGIAX experiences smaller price fluctuations and is considered to be less risky than QDISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGIAX	QDISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	4.32%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	10.73%	-2.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	12.95%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	18.65%	-5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	21.12%	-5.90%

FGIAX vs. QDISX - Expense Ratio Comparison

FGIAX has a 1.21% expense ratio, which is higher than QDISX's 0.00% expense ratio.

Dividends

FGIAX vs. QDISX - Dividend Comparison

FGIAX's dividend yield for the trailing twelve months is around 14.28%, more than QDISX's 11.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIAX Nuveen Global Infrastructure Fund Class A	14.28%	9.99%	7.46%	2.27%	6.11%	7.20%	1.38%	7.06%	6.32%	5.83%	8.23%	3.05%
QDISX Fisher Investments Institutional Group Stock Fund for Retirement Plans	11.31%	12.68%	4.04%	5.53%	1.88%	1.14%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGIAX and QDISX in my portfolio?

FGIAX and QDISX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGIAX or QDISX?

QDISX has higher volatility (4.32%) compared to FGIAX (3.37%). In terms of maximum drawdown, FGIAX dropped -49.35% vs QDISX's -33.97%.

Which has better risk-adjusted returns?

QDISX currently has the higher Sharpe Ratio (2.68 vs 1.75), 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.