FYMIX vs. NWQIX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Sustainable Multi-Asset Fund (FYMIX) and Nuveen Flexible Income Fund (NWQIX).

FYMIX is managed by Fidelity. It was launched on Feb 9, 2022. NWQIX is managed by Nuveen. It was launched on Dec 8, 2009.

Performance

FYMIX vs. NWQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Sustainable Multi-Asset Fund (FYMIX) and Nuveen Flexible Income Fund (NWQIX). The values are adjusted to include any dividend payments, if applicable.

FYMIX vs. NWQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FYMIX Fidelity Sustainable Multi-Asset Fund	-2.11%	18.95%	11.09%	16.15%	-15.71%
NWQIX Nuveen Flexible Income Fund	0.82%	12.22%	6.03%	11.61%	-9.74%

Returns By Period

In the year-to-date period, FYMIX achieves a -2.11% return, which is significantly lower than NWQIX's 0.82% return.

FYMIX

• 1D: 2.39%
• 1M: -5.31%
• YTD: -2.11%
• 6M: 0.46%
• 1Y: 17.23%
• 3Y*: 12.19%
• 5Y*: —
• 10Y*: —

NWQIX

• 1D: 1.16%
• 1M: -1.57%
• YTD: 0.82%
• 6M: 3.03%
• 1Y: 11.93%
• 3Y*: 9.46%
• 5Y*: 3.97%
• 10Y*: 5.50%

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

FYMIX vs. NWQIX - Expense Ratio Comparison

FYMIX has a 0.05% expense ratio, which is lower than NWQIX's 0.70% expense ratio.

NWQIX

Nuveen Flexible Income Fund

FYMIX

Fidelity Sustainable Multi-Asset Fund

Return for Risk

FYMIX vs. NWQIX — Risk / Return Rank

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

FYMIX

FYMIX Risk / Return Rank: 72
FYMIX Sharpe Ratio Rank: 70
FYMIX Sortino Ratio Rank: 71
FYMIX Omega Ratio Rank: 69
FYMIX Calmar Ratio Rank: 76
FYMIX Martin Ratio Rank: 75

NWQIX

NWQIX Risk / Return Rank: 96
NWQIX Sharpe Ratio Rank: 97
NWQIX Sortino Ratio Rank: 97
NWQIX Omega Ratio Rank: 96
NWQIX Calmar Ratio Rank: 94
NWQIX Martin Ratio Rank: 94

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.

FYMIX vs. NWQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Multi-Asset Fund (FYMIX) and Nuveen Flexible Income Fund (NWQIX). 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.

	FYMIX	NWQIX	Difference
Sharpe ratio Return per unit of total volatility	1.33	2.69	-1.36
Sortino ratio Return per unit of downside risk	1.91	3.72	-1.81
Omega ratio Gain probability vs. loss probability	1.28	1.59	-0.31
Calmar ratio Return relative to maximum drawdown	1.96	3.30	-1.34
Martin ratio Return relative to average drawdown	7.99	13.39	-5.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FYMIX vs. NWQIX - Sharpe Ratio Comparison

The current FYMIX Sharpe Ratio is 1.33, which is lower than the NWQIX Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of FYMIX and NWQIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FYMIX	NWQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.69	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.73	-0.27

Correlation

The correlation between FYMIX and NWQIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FYMIX vs. NWQIX - Dividend Comparison

FYMIX's dividend yield for the trailing twelve months is around 3.77%, less than NWQIX's 6.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FYMIX Fidelity Sustainable Multi-Asset Fund	3.77%	3.69%	1.84%	1.78%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NWQIX Nuveen Flexible Income Fund	6.14%	6.52%	5.20%	7.84%	7.02%	4.39%	4.82%	5.71%	6.23%	5.67%	5.52%	5.70%

Drawdowns

FYMIX vs. NWQIX - Drawdown Comparison

The maximum FYMIX drawdown since its inception was -22.70%, roughly equal to the maximum NWQIX drawdown of -23.89%. Use the drawdown chart below to compare losses from any high point for FYMIX and NWQIX.

Drawdown Indicators

	FYMIX	NWQIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-23.89%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-3.75%	-5.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.89%	—
Current Drawdown Current decline from peak	-6.54%	-1.82%	-4.72%
Average Drawdown Average peak-to-trough decline	-5.83%	-3.03%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	0.92%	+1.28%

Volatility

FYMIX vs. NWQIX - Volatility Comparison

Fidelity Sustainable Multi-Asset Fund (FYMIX) has a higher volatility of 5.52% compared to Nuveen Flexible Income Fund (NWQIX) at 1.97%. This indicates that FYMIX's price experiences larger fluctuations and is considered to be riskier than NWQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FYMIX	NWQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	1.97%	+3.55%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	2.98%	+5.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	4.54%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	5.66%	+7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.72%	6.32%	+6.40%