GBFFX vs. NRIIX
Compare and contrast key facts about GMO Benchmark-Free Fund (GBFFX) and Nuveen Real Asset Income Fund (NRIIX).
GBFFX is managed by GMO. It was launched on Jun 14, 2011. NRIIX is managed by Nuveen. It was launched on Sep 12, 2011.
Performance
GBFFX vs. NRIIX - Performance Comparison
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GBFFX vs. NRIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 5.76% | 24.07% | 0.40% | 15.24% | -3.36% | 4.38% | -3.35% | 13.79% | -7.12% | 17.06% |
NRIIX Nuveen Real Asset Income Fund | 2.36% | 12.55% | 7.56% | 10.38% | -11.50% | 10.58% | -3.45% | 22.74% | -6.10% | 12.39% |
Returns By Period
In the year-to-date period, GBFFX achieves a 5.76% return, which is significantly higher than NRIIX's 2.36% return. Over the past 10 years, GBFFX has outperformed NRIIX with an annualized return of 6.70%, while NRIIX has yielded a comparatively lower 5.84% annualized return.
GBFFX
- 1D
- 1.05%
- 1M
- -2.94%
- YTD
- 5.76%
- 6M
- 12.11%
- 1Y
- 24.44%
- 3Y*
- 13.80%
- 5Y*
- 7.51%
- 10Y*
- 6.70%
NRIIX
- 1D
- 0.92%
- 1M
- -3.72%
- YTD
- 2.36%
- 6M
- 3.41%
- 1Y
- 11.07%
- 3Y*
- 10.16%
- 5Y*
- 5.35%
- 10Y*
- 5.84%
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GBFFX vs. NRIIX - Expense Ratio Comparison
GBFFX has a 0.35% expense ratio, which is lower than NRIIX's 0.91% expense ratio.
Return for Risk
GBFFX vs. NRIIX — Risk / Return Rank
GBFFX
NRIIX
GBFFX vs. NRIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Benchmark-Free Fund (GBFFX) 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.
| GBFFX | NRIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.08 | 1.64 | +1.44 |
Sortino ratioReturn per unit of downside risk | 4.08 | 2.16 | +1.92 |
Omega ratioGain probability vs. loss probability | 1.63 | 1.33 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.07 | +1.88 |
Martin ratioReturn relative to average drawdown | 15.49 | 9.00 | +6.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBFFX | NRIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 1.64 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.64 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.57 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.74 | -0.09 |
Correlation
The correlation between GBFFX and NRIIX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GBFFX vs. NRIIX - Dividend Comparison
GBFFX's dividend yield for the trailing twelve months is around 4.84%, less than NRIIX's 6.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBFFX GMO Benchmark-Free Fund | 4.84% | 5.11% | 1.81% | 5.72% | 5.48% | 4.60% | 3.32% | 4.00% | 3.92% | 2.90% | 2.72% | 6.67% |
NRIIX Nuveen Real Asset Income Fund | 6.32% | 6.71% | 5.39% | 6.70% | 5.81% | 4.34% | 4.63% | 5.99% | 5.82% | 5.73% | 5.47% | 5.70% |
Drawdowns
GBFFX vs. NRIIX - Drawdown Comparison
The maximum GBFFX drawdown since its inception was -26.62%, smaller than the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for GBFFX and NRIIX.
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Drawdown Indicators
| GBFFX | NRIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -37.35% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -5.74% | -0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.91% | -18.44% | +2.53% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -37.35% | +10.73% |
Current DrawdownCurrent decline from peak | -3.58% | -3.84% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -3.68% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.32% | +0.24% |
Volatility
GBFFX vs. NRIIX - Volatility Comparison
GMO Benchmark-Free Fund (GBFFX) has a higher volatility of 3.36% compared to Nuveen Real Asset Income Fund (NRIIX) at 2.57%. This indicates that GBFFX'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
| GBFFX | NRIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.57% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 4.11% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.98% | 6.98% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.02% | 8.37% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 10.21% | -1.14% |