NMAI vs. ISRG
NMAI (Nuveen Multi-Asset Income Fund) is Global Allocation fund actively managed by Nuveen, while ISRG (Intuitive Surgical, Inc.) is a stock. Over the past 3 years, NMAI returned 19.51%/yr vs 5.99%/yr for ISRG. Their 0.46 correlation means their historical movements had little consistent relationship.
Performance
NMAI vs. ISRG - Performance Comparison
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Returns By Period
In the year-to-date period, NMAI achieves a 15.48% return, which is significantly higher than ISRG's -34.98% return.
NMAI
- 1D
- -0.21%
- 1M
- 2.48%
- 6M
- 10.17%
- YTD
- 15.48%
- 1Y
- 26.38%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.65%
ISRG
- 1D
- -1.90%
- 1M
- -13.55%
- 6M
- -23.10%
- YTD
- -34.98%
- 1Y
- -23.81%
- 3Y*
- 5.99%
- 5Y*
- 1.63%
- 10Y*
- 16.94%
- ALL TIME*
- 22.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.32B | $1.48B | $1.21B | |
| $1.04M | $1.26M | $1.56M |
NMAI vs. ISRG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 15.48% | 20.03% | 11.65% | 19.52% | -26.38% | -4.91% |
ISRG Intuitive Surgical, Inc. | -34.98% | 8.51% | 54.72% | 27.14% | -26.15% | 3.05% |
Correlation
The correlation between NMAI and ISRG is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.46 |
Over the past year, the correlation between NMAI and ISRG has dropped to 0.23 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
NMAI vs. ISRG — Risk / Return Rank
NMAI
ISRG
NMAI vs. ISRG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and Intuitive Surgical, Inc. (ISRG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NMAI | ISRG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.59 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.90 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.54 | +2.77 |
| Martin ratioReturn relative to average drawdown | 9.14 | -1.24 | +10.38 |
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Drawdowns
NMAI vs. ISRG - Drawdown Comparison
The maximum NMAI drawdown since its inception was -37.40%, smaller than the maximum ISRG drawdown of -82.26%. Use the drawdown chart below to compare losses from any high point for NMAI and ISRG.
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Drawdown Indicators
| NMAI | ISRG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.40% | -82.26% | +44.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -44.00% | +32.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -45.61% | +32.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.90% | — |
Current DrawdownCurrent decline from peak | -0.21% | -39.67% | +39.46% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -21.36% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 19.30% | -16.41% |
Volatility
NMAI vs. ISRG - Volatility Comparison
The current volatility for Nuveen Multi-Asset Income Fund (NMAI) is 4.53%, while Intuitive Surgical, Inc. (ISRG) has a volatility of 20.52%. This indicates that NMAI experiences smaller price fluctuations and is considered to be less risky than ISRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAI | ISRG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 20.52% | -15.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 28.75% | -16.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 36.33% | -22.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 34.42% | -17.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 33.02% | -16.39% |
Dividends
NMAI vs. ISRG - Dividend Comparison
NMAI's dividend yield for the trailing twelve months is around 10.09%, while ISRG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NMAI Nuveen Multi-Asset Income Fund | 10.09% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% |
Frequently Asked Questions
NMAI and ISRG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (20.52%) compared to NMAI (4.53%). In terms of maximum drawdown, NMAI dropped -37.40% vs ISRG's -82.26%.
NMAI currently has the higher Sharpe Ratio (1.93 vs -0.66), 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.
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