GLBIX vs. NRIIX

Last updated Apr 2, 2026

Compare and contrast key facts about Leuthold Global Fund (GLBIX) and Nuveen Real Asset Income Fund (NRIIX).

GLBIX is managed by Leuthold. It was launched on Apr 29, 2008. NRIIX is managed by Nuveen. It was launched on Sep 12, 2011.

Performance

GLBIX vs. NRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leuthold Global Fund (GLBIX) and Nuveen Real Asset Income Fund (NRIIX). The values are adjusted to include any dividend payments, if applicable.

GLBIX vs. NRIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLBIX Leuthold Global Fund	5.30%	17.72%	1.08%	8.32%	-7.91%	15.01%	7.52%	9.36%	-12.85%	16.84%
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, GLBIX achieves a 5.30% return, which is significantly higher than NRIIX's 2.36% return. Both investments have delivered pretty close results over the past 10 years, with GLBIX having a 5.68% annualized return and NRIIX not far ahead at 5.84%.

GLBIX

• 1D: 1.33%
• 1M: -3.59%
• YTD: 5.30%
• 6M: 8.23%
• 1Y: 19.35%
• 3Y*: 10.27%
• 5Y*: 5.93%
• 10Y*: 5.68%

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%

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

GLBIX vs. NRIIX - Expense Ratio Comparison

GLBIX has a 1.57% expense ratio, which is higher than NRIIX's 0.91% expense ratio.

GLBIX

Leuthold Global Fund

NRIIX

Nuveen Real Asset Income Fund

Return for Risk

GLBIX vs. NRIIX — Risk / Return Rank

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

GLBIX

GLBIX Risk / Return Rank: 93
GLBIX Sharpe Ratio Rank: 94
GLBIX Sortino Ratio Rank: 94
GLBIX Omega Ratio Rank: 91
GLBIX Calmar Ratio Rank: 92
GLBIX Martin Ratio Rank: 91

NRIIX

NRIIX Risk / Return Rank: 81
NRIIX Sharpe Ratio Rank: 83
NRIIX Sortino Ratio Rank: 80
NRIIX Omega Ratio Rank: 80
NRIIX Calmar Ratio Rank: 79
NRIIX Martin Ratio Rank: 83

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.

GLBIX vs. NRIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leuthold Global Fund (GLBIX) 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.

	GLBIX	NRIIX	Difference
Sharpe ratio Return per unit of total volatility	2.29	1.64	+0.65
Sortino ratio Return per unit of downside risk	3.10	2.16	+0.94
Omega ratio Gain probability vs. loss probability	1.44	1.33	+0.11
Calmar ratio Return relative to maximum drawdown	3.03	2.07	+0.96
Martin ratio Return relative to average drawdown	11.39	9.00	+2.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLBIX vs. NRIIX - Sharpe Ratio Comparison

The current GLBIX Sharpe Ratio is 2.29, which is higher than the NRIIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of GLBIX and NRIIX, 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

	GLBIX	NRIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	1.64	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.64	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.57	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.74	-0.04

Correlation

The correlation between GLBIX and NRIIX is 0.71, 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

GLBIX vs. NRIIX - Dividend Comparison

GLBIX's dividend yield for the trailing twelve months is around 9.23%, more than NRIIX's 6.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLBIX Leuthold Global Fund	9.23%	9.71%	8.31%	2.52%	5.18%	1.89%	0.25%	1.04%	8.48%	9.31%	9.66%	3.75%
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

GLBIX vs. NRIIX - Drawdown Comparison

The maximum GLBIX drawdown since its inception was -26.82%, smaller than the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for GLBIX and NRIIX.

Drawdown Indicators

	GLBIX	NRIIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.82%	-37.35%	+10.53%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-5.74%	-0.65%
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	-18.44%	+2.30%
Max Drawdown (10Y) Largest decline over 10 years	-26.82%	-37.35%	+10.53%
Current Drawdown Current decline from peak	-5.15%	-3.84%	-1.31%
Average Drawdown Average peak-to-trough decline	-4.90%	-3.68%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.32%	+0.38%

Volatility

GLBIX vs. NRIIX - Volatility Comparison

Leuthold Global Fund (GLBIX) has a higher volatility of 4.23% compared to Nuveen Real Asset Income Fund (NRIIX) at 2.57%. This indicates that GLBIX'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.

Volatility by Period

	GLBIX	NRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	2.57%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	6.56%	4.11%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	6.98%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.08%	8.37%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.56%	10.21%	-0.65%