JRI vs. BALI

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Real Asset Income and Growth Fund (JRI) and Blackrock Advantage Large Cap Income ETF (BALI).

JRI is managed by Nuveen. It was launched on Apr 25, 2012. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.

Performance

JRI vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Real Asset Income and Growth Fund (JRI) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

JRI vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JRI Nuveen Real Asset Income and Growth Fund	-6.22%	26.76%	16.27%	13.84%
BALI Blackrock Advantage Large Cap Income ETF	-1.60%	14.51%	22.38%	9.52%

Returns By Period

In the year-to-date period, JRI achieves a -6.22% return, which is significantly lower than BALI's -1.60% return.

JRI

• 1D: 3.19%
• 1M: -6.51%
• YTD: -6.22%
• 6M: -7.79%
• 1Y: 7.96%
• 3Y*: 14.01%
• 5Y*: 6.36%
• 10Y*: 7.19%

BALI

• 1D: 2.56%
• 1M: -3.85%
• YTD: -1.60%
• 6M: 0.88%
• 1Y: 16.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

JRI vs. BALI — Risk / Return Rank

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

JRI

JRI Risk / Return Rank: 55
JRI Sharpe Ratio Rank: 58
JRI Sortino Ratio Rank: 48
JRI Omega Ratio Rank: 51
JRI Calmar Ratio Rank: 56
JRI Martin Ratio Rank: 63

BALI

BALI Risk / Return Rank: 70
BALI Sharpe Ratio Rank: 65
BALI Sortino Ratio Rank: 67
BALI Omega Ratio Rank: 72
BALI Calmar Ratio Rank: 68
BALI Martin Ratio Rank: 80

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.

JRI vs. BALI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Asset Income and Growth Fund (JRI) and Blackrock Advantage Large Cap Income ETF (BALI). 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.

	JRI	BALI	Difference
Sharpe ratio Return per unit of total volatility	0.46	1.09	-0.63
Sortino ratio Return per unit of downside risk	0.69	1.60	-0.91
Omega ratio Gain probability vs. loss probability	1.11	1.26	-0.14
Calmar ratio Return relative to maximum drawdown	0.63	1.63	-1.00
Martin ratio Return relative to average drawdown	2.31	8.32	-6.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRI vs. BALI - Sharpe Ratio Comparison

The current JRI Sharpe Ratio is 0.46, which is lower than the BALI Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JRI and BALI, 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

	JRI	BALI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.09	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.37	-1.02

Correlation

The correlation between JRI and BALI is 0.45, 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

JRI vs. BALI - Dividend Comparison

JRI's dividend yield for the trailing twelve months is around 12.95%, more than BALI's 8.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRI Nuveen Real Asset Income and Growth Fund	12.95%	11.77%	11.83%	9.18%	9.90%	7.18%	9.06%	7.05%	9.33%	7.21%	8.57%	10.33%
BALI Blackrock Advantage Large Cap Income ETF	8.74%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JRI vs. BALI - Drawdown Comparison

The maximum JRI drawdown since its inception was -60.74%, which is greater than BALI's maximum drawdown of -16.65%. Use the drawdown chart below to compare losses from any high point for JRI and BALI.

Drawdown Indicators

	JRI	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-60.74%	-16.65%	-44.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.65%	-10.86%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	-29.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.74%	—	—
Current Drawdown Current decline from peak	-8.30%	-4.32%	-3.98%
Average Drawdown Average peak-to-trough decline	-9.13%	-1.70%	-7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	2.12%	+1.59%

Volatility

JRI vs. BALI - Volatility Comparison

Nuveen Real Asset Income and Growth Fund (JRI) has a higher volatility of 7.06% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 4.59%. This indicates that JRI's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRI	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	4.59%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	7.93%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	15.60%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	13.14%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.19%	13.14%	+8.05%