NFRA vs. ASET
Compare and contrast key facts about FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Real Assets Allocation Index Fund (ASET).
NFRA and ASET are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFRA is a passively managed fund by FlexShares that tracks the performance of the STOXX Global Broad Infrastructure Index. It was launched on Oct 8, 2013. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015. Both NFRA and ASET are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFRA or ASET.
Key characteristics
| NFRA | ASET | |
|---|---|---|
| YTD Return | 9.31% | 4.72% |
| 1Y Return | 20.41% | 15.14% |
| 3Y Return (Ann) | 2.34% | 0.41% |
| 5Y Return (Ann) | 4.36% | 3.87% |
| Sharpe Ratio | 1.88 | 1.31 |
| Sortino Ratio | 2.69 | 1.90 |
| Omega Ratio | 1.34 | 1.23 |
| Calmar Ratio | 1.54 | 0.83 |
| Martin Ratio | 11.32 | 6.79 |
| Ulcer Index | 1.78% | 2.24% |
| Daily Std Dev | 10.72% | 11.66% |
| Max Drawdown | -32.49% | -36.50% |
| Current Drawdown | -3.69% | -5.26% |
Correlation
The correlation between NFRA and ASET is 0.77, 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.
Performance
NFRA vs. ASET - Performance Comparison
In the year-to-date period, NFRA achieves a 9.31% return, which is significantly higher than ASET's 4.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NFRA vs. ASET - Expense Ratio Comparison
NFRA has a 0.47% expense ratio, which is lower than ASET's 0.57% expense ratio.
Risk-Adjusted Performance
NFRA vs. ASET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Real Assets Allocation Index Fund (ASET). 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.
Dividends
NFRA vs. ASET - Dividend Comparison
NFRA's dividend yield for the trailing twelve months is around 2.45%, less than ASET's 2.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 2.45% | 2.57% | 2.28% | 2.71% | 2.22% | 2.27% | 3.06% | 2.81% | 2.98% | 2.47% | 3.01% | 0.14% |
ASET FlexShares Real Assets Allocation Index Fund | 2.79% | 2.88% | 2.70% | 2.49% | 2.08% | 3.08% | 3.04% | 2.26% | 3.29% | 1.11% | 0.00% | 0.00% |
Drawdowns
NFRA vs. ASET - Drawdown Comparison
The maximum NFRA drawdown since its inception was -32.49%, smaller than the maximum ASET drawdown of -36.50%. Use the drawdown chart below to compare losses from any high point for NFRA and ASET. For additional features, visit the drawdowns tool.
Volatility
NFRA vs. ASET - Volatility Comparison
The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 2.58%, while FlexShares Real Assets Allocation Index Fund (ASET) has a volatility of 2.83%. This indicates that NFRA experiences smaller price fluctuations and is considered to be less risky than ASET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.