LFMIX vs. NRIIX

Last updated Jun 4, 2026

LFMIX (LoCorr Macro Strategies Fund Class I) and NRIIX (Nuveen Real Asset Income Fund) are both Global Allocation funds. Over the past 10 years, LFMIX returned 4.18%/yr vs 5.77%/yr for NRIIX. At a 0.02 correlation, their price movements are largely independent. LFMIX charges 1.88%/yr vs 0.91%/yr for NRIIX.

Performance

LFMIX vs. NRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Macro Strategies Fund Class I (LFMIX) and Nuveen Real Asset Income Fund (NRIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LFMIX achieves a 10.28% return, which is significantly higher than NRIIX's 5.54% return. Over the past 10 years, LFMIX has underperformed NRIIX with an annualized return of 4.18%, while NRIIX has yielded a comparatively higher 5.77% annualized return.

LFMIX

• 1D: 0.00%
• 1M: -0.35%
• YTD: 10.28%
• 6M: 10.92%
• 1Y: 15.40%
• 3Y*: 5.51%
• 5Y*: 4.40%
• 10Y*: 4.18%

NRIIX

• 1D: 0.31%
• 1M: -0.21%
• YTD: 5.54%
• 6M: 6.64%
• 1Y: 12.00%
• 3Y*: 11.05%
• 5Y*: 4.98%
• 10Y*: 5.77%

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

LFMIX vs. NRIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LFMIX LoCorr Macro Strategies Fund Class I	10.28%	2.89%	6.77%	-6.55%	15.43%	0.07%	4.55%	12.71%	-5.11%	2.99%
NRIIX Nuveen Real Asset Income Fund	5.54%	12.55%	7.56%	10.38%	-11.50%	10.58%	-3.45%	22.74%	-6.10%	12.39%

Correlation

The correlation between LFMIX and NRIIX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (5Y) Calculated over the trailing 5-year period	-0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.00
Correlation (All Time) Calculated using the full available price history since Sep 14, 2011	0.02

The correlation between LFMIX and NRIIX shifts across timeframes, from -0.18 (5 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LFMIX vs. NRIIX — Risk / Return Rank

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

LFMIX

LFMIX Risk / Return Rank: 88
LFMIX Sharpe Ratio Rank: 86
LFMIX Sortino Ratio Rank: 87
LFMIX Omega Ratio Rank: 81
LFMIX Calmar Ratio Rank: 95
LFMIX Martin Ratio Rank: 92

NRIIX

NRIIX Risk / Return Rank: 48
NRIIX Sharpe Ratio Rank: 50
NRIIX Sortino Ratio Rank: 51
NRIIX Omega Ratio Rank: 51
NRIIX Calmar Ratio Rank: 42
NRIIX Martin Ratio Rank: 48

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.

LFMIX vs. NRIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Macro Strategies Fund Class I (LFMIX) 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.

	LFMIX	NRIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.80	2.09	+0.71
Sortino ratio: Return per unit of downside risk	4.16	2.99	+1.17
Omega ratio: Gain probability vs. loss probability	1.53	1.39	+0.14
Calmar ratio: Return relative to maximum drawdown	6.02	2.46	+3.55
Martin ratio: Return relative to average drawdown	19.26	9.98	+9.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LFMIX vs. NRIIX - Sharpe Ratio Comparison

The current LFMIX Sharpe Ratio is 2.80, which is higher than the NRIIX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of LFMIX and NRIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LFMIX	NRIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	2.09	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.60	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.57	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.76	-0.39

Drawdowns

LFMIX vs. NRIIX - Drawdown Comparison

The maximum LFMIX drawdown since its inception was -22.68%, smaller than the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for LFMIX and NRIIX.

Drawdown Indicators

	LFMIX	NRIIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.68%	-37.35%	+14.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-4.90%	+2.30%
Max Drawdown (3Y) Largest decline over 3 years	-8.88%	-8.02%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-12.26%	-18.44%	+6.18%
Max Drawdown (10Y) Largest decline over 10 years	-12.26%	-37.35%	+25.09%
Current Drawdown Current decline from peak	-0.46%	-0.86%	+0.40%
Average Drawdown Average peak-to-trough decline	-6.77%	-3.65%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.20%	-0.39%

Volatility

LFMIX vs. NRIIX - Volatility Comparison

The current volatility for LoCorr Macro Strategies Fund Class I (LFMIX) is 1.33%, while Nuveen Real Asset Income Fund (NRIIX) has a volatility of 1.64%. This indicates that LFMIX experiences smaller price fluctuations and is considered to be less risky than NRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFMIX	NRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.64%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	4.53%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	5.58%	5.77%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.20%	8.40%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	10.23%	-2.62%

LFMIX vs. NRIIX - Expense Ratio Comparison

LFMIX has a 1.88% expense ratio, which is higher than NRIIX's 0.91% expense ratio.

Dividends

LFMIX vs. NRIIX - Dividend Comparison

LFMIX's dividend yield for the trailing twelve months is around 2.85%, less than NRIIX's 6.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LFMIX LoCorr Macro Strategies Fund Class I	2.85%	3.14%	3.21%	3.17%	14.35%	4.95%	4.73%	4.66%	3.12%	5.89%	1.95%	3.08%
NRIIX Nuveen Real Asset Income Fund	6.24%	6.71%	5.39%	6.70%	5.81%	4.34%	4.63%	5.99%	5.82%	5.73%	5.47%	5.70%

Frequently Asked Questions

Can I hold both LFMIX and NRIIX in my portfolio?

LFMIX and NRIIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFMIX or NRIIX?

NRIIX has higher volatility (1.64%) compared to LFMIX (1.33%). In terms of maximum drawdown, LFMIX dropped -22.68% vs NRIIX's -37.35%.

Which has better risk-adjusted returns?

LFMIX currently has the higher Sharpe Ratio (2.80 vs 2.09), 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.