NMAI vs. FASEX

Last updated Apr 1, 2026

Compare and contrast key facts about Nuveen Multi-Asset Income Fund (NMAI) and Nuveen Mid Cap Value Fund (FASEX).

NMAI is an actively managed fund by Nuveen. It was launched on Nov 22, 2021. FASEX is managed by Nuveen. It was launched on Dec 22, 1987.

Performance

NMAI vs. FASEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Multi-Asset Income Fund (NMAI) and Nuveen Mid Cap Value Fund (FASEX). The values are adjusted to include any dividend payments, if applicable.

NMAI vs. FASEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NMAI Nuveen Multi-Asset Income Fund	-2.38%	20.03%	11.65%	19.52%	-26.38%	-1.71%
FASEX Nuveen Mid Cap Value Fund	2.64%	9.68%	10.40%	14.20%	-10.63%	0.22%

Returns By Period

In the year-to-date period, NMAI achieves a -2.38% return, which is significantly lower than FASEX's 2.64% return.

NMAI

• 1D: 2.82%
• 1M: -9.39%
• YTD: -2.38%
• 6M: 0.88%
• 1Y: 13.37%
• 3Y*: 14.89%
• 5Y*: —
• 10Y*: —

FASEX

• 1D: -0.41%
• 1M: -6.34%
• YTD: 2.64%
• 6M: 3.59%
• 1Y: 17.10%
• 3Y*: 11.79%
• 5Y*: 7.98%
• 10Y*: 9.89%

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

NMAI vs. FASEX - Expense Ratio Comparison

NMAI has a 2.91% expense ratio, which is higher than FASEX's 1.16% expense ratio.

NMAI

Nuveen Multi-Asset Income Fund

FASEX

Nuveen Mid Cap Value Fund

Return for Risk

NMAI vs. FASEX — Risk / Return Rank

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

NMAI

NMAI Risk / Return Rank: 44
NMAI Sharpe Ratio Rank: 43
NMAI Sortino Ratio Rank: 39
NMAI Omega Ratio Rank: 44
NMAI Calmar Ratio Rank: 48
NMAI Martin Ratio Rank: 48

FASEX

FASEX Risk / Return Rank: 49
FASEX Sharpe Ratio Rank: 51
FASEX Sortino Ratio Rank: 52
FASEX Omega Ratio Rank: 50
FASEX Calmar Ratio Rank: 42
FASEX 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.

NMAI vs. FASEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and Nuveen Mid Cap Value Fund (FASEX). 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.

	NMAI	FASEX	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.96	-0.08
Sortino ratio Return per unit of downside risk	1.24	1.42	-0.18
Omega ratio Gain probability vs. loss probability	1.19	1.20	-0.01
Calmar ratio Return relative to maximum drawdown	1.19	1.07	+0.12
Martin ratio Return relative to average drawdown	4.81	4.84	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMAI vs. FASEX - Sharpe Ratio Comparison

The current NMAI Sharpe Ratio is 0.88, which is comparable to the FASEX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of NMAI and FASEX, 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

	NMAI	FASEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.96	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.50	-0.33

Correlation

The correlation between NMAI and FASEX is 0.64, 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

NMAI vs. FASEX - Dividend Comparison

NMAI's dividend yield for the trailing twelve months is around 9.84%, less than FASEX's 14.29% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMAI Nuveen Multi-Asset Income Fund	9.84%	9.89%	13.73%	10.57%	19.45%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FASEX Nuveen Mid Cap Value Fund	14.29%	14.67%	5.29%	3.12%	6.32%	4.02%	1.06%	0.89%	4.48%	7.93%	3.67%	3.49%

Drawdowns

NMAI vs. FASEX - Drawdown Comparison

The maximum NMAI drawdown since its inception was -35.61%, smaller than the maximum FASEX drawdown of -55.57%. Use the drawdown chart below to compare losses from any high point for NMAI and FASEX.

Drawdown Indicators

	NMAI	FASEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.61%	-55.57%	+19.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.88%	-13.62%	+1.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.56%	—
Current Drawdown Current decline from peak	-9.39%	-6.83%	-2.56%
Average Drawdown Average peak-to-trough decline	-13.00%	-8.97%	-4.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.01%	-0.07%

Volatility

NMAI vs. FASEX - Volatility Comparison

Nuveen Multi-Asset Income Fund (NMAI) has a higher volatility of 6.44% compared to Nuveen Mid Cap Value Fund (FASEX) at 5.25%. This indicates that NMAI's price experiences larger fluctuations and is considered to be riskier than FASEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMAI	FASEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	5.25%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	9.91%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	18.72%	-3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	18.04%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	20.17%	-3.57%