NMAI vs. KKR
NMAI (Nuveen Multi-Asset Income Fund) is Global Allocation fund actively managed by Nuveen, while KKR (KKR & Co. Inc.) is a stock. Over the past 3 years, NMAI returned 18.90%/yr vs 20.48%/yr for KKR. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
NMAI vs. KKR - Performance Comparison
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Returns By Period
In the year-to-date period, NMAI achieves a 10.26% return, which is significantly higher than KKR's -27.73% return.
NMAI
- 1D
- -0.51%
- 1M
- -1.32%
- YTD
- 10.26%
- 6M
- 10.94%
- 1Y
- 22.68%
- 3Y*
- 18.90%
- 5Y*
- —
- 10Y*
- —
KKR
- 1D
- -2.13%
- 1M
- -2.40%
- YTD
- -27.73%
- 6M
- -29.55%
- 1Y
- -27.69%
- 3Y*
- 20.48%
- 5Y*
- 9.52%
- 10Y*
- 24.22%
NMAI vs. KKR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 10.26% | 20.03% | 11.65% | 19.52% | -26.38% | -4.91% |
KKR KKR & Co. Inc. | -27.73% | -13.32% | 79.65% | 80.48% | -36.98% | -4.87% |
Correlation
The correlation between NMAI and KKR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.54 |
Over the past year, the correlation between NMAI and KKR has dropped to 0.31 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
NMAI vs. KKR — Risk / Return Rank
NMAI
KKR
NMAI vs. KKR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and KKR & Co. Inc. (KKR). 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 | KKR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.89 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.62 | +2.54 |
| Martin ratioReturn relative to average drawdown | 8.04 | -1.09 | +9.13 |
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Drawdowns
NMAI vs. KKR - Drawdown Comparison
The maximum NMAI drawdown since its inception was -37.40%, smaller than the maximum KKR drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for NMAI and KKR.
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Drawdown Indicators
| NMAI | KKR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.40% | -53.10% | +15.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -44.62% | +32.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -49.42% | +36.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.42% | — |
Current DrawdownCurrent decline from peak | -3.13% | -44.54% | +41.41% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -16.26% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 25.38% | -22.55% |
Volatility
NMAI vs. KKR - Volatility Comparison
The current volatility for Nuveen Multi-Asset Income Fund (NMAI) is 4.51%, while KKR & Co. Inc. (KKR) has a volatility of 9.94%. This indicates that NMAI experiences smaller price fluctuations and is considered to be less risky than KKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAI | KKR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 9.94% | -5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 29.32% | -18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 37.42% | -24.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 39.27% | -22.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 36.58% | -19.93% |
Dividends
NMAI vs. KKR - Dividend Comparison
NMAI's dividend yield for the trailing twelve months is around 10.56%, more than KKR's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | 1.14% | 0.57% | 0.47% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% |
NMAI Nuveen Multi-Asset Income Fund | 10.56% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NMAI and KKR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KKR has higher volatility (9.94%) compared to NMAI (4.51%). In terms of maximum drawdown, NMAI dropped -37.40% vs KKR's -53.10%.
NMAI currently has the higher Sharpe Ratio (1.74 vs -0.75), 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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