NMAI vs. MSFT
NMAI (Nuveen Multi-Asset Income Fund) is Global Allocation fund actively managed by Nuveen, while MSFT (Microsoft Corporation) is a stock. Over the past 3 years, NMAI returned 19.51%/yr vs 15.46%/yr for MSFT. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
NMAI vs. MSFT - 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 MSFT's 2.35% 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%
MSFT
- 1D
- 1.06%
- 1M
- 26.20%
- 6M
- 20.38%
- YTD
- 2.35%
- 1Y
- -7.26%
- 3Y*
- 15.46%
- 5Y*
- 12.14%
- 10Y*
- 25.40%
- ALL TIME*
- 25.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.01B | $15.96B | $16.86B | |
| $1.04M | $1.26M | $1.56M |
NMAI vs. MSFT - 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% |
MSFT Microsoft Corporation | 2.35% | 15.58% | 12.93% | 58.19% | -28.02% | -1.98% |
Correlation
The correlation between NMAI and MSFT is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.44 |
Over the past year, the correlation between NMAI and MSFT has dropped to 0.24 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
NMAI vs. MSFT — Risk / Return Rank
NMAI
MSFT
NMAI vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.98 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.21 | +2.44 |
| Martin ratioReturn relative to average drawdown | 9.14 | -0.38 | +9.52 |
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Drawdowns
NMAI vs. MSFT - Drawdown Comparison
The maximum NMAI drawdown since its inception was -37.40%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for NMAI and MSFT.
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Drawdown Indicators
| NMAI | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.40% | -69.38% | +31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -34.50% | +22.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -34.50% | +21.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -0.21% | -8.51% | +8.30% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -21.80% | +8.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 19.37% | -16.48% |
Volatility
NMAI vs. MSFT - Volatility Comparison
The current volatility for Nuveen Multi-Asset Income Fund (NMAI) is 4.53%, while Microsoft Corporation (MSFT) has a volatility of 16.29%. This indicates that NMAI experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAI | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 16.29% | -11.76% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 26.79% | -14.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 32.03% | -18.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 28.10% | -11.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 27.67% | -11.04% |
Dividends
NMAI vs. MSFT - Dividend Comparison
NMAI's dividend yield for the trailing twelve months is around 10.09%, more than MSFT's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.72% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
NMAI Nuveen Multi-Asset Income Fund | 10.09% | 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 MSFT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (16.29%) compared to NMAI (4.53%). In terms of maximum drawdown, NMAI dropped -37.40% vs MSFT's -69.38%.
NMAI currently has the higher Sharpe Ratio (1.93 vs -0.23), 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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