NMAI vs. RKLB
NMAI (Nuveen Multi-Asset Income Fund) is Global Allocation fund actively managed by Nuveen, while RKLB (Rocket Lab USA, Inc.) is a stock. Over the past 3 years, NMAI returned 20.22%/yr vs 186.06%/yr for RKLB. At a 0.37 correlation, their price movements are largely independent.
Performance
NMAI vs. RKLB - Performance Comparison
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Returns By Period
In the year-to-date period, NMAI achieves a 11.74% return, which is significantly lower than RKLB's 64.42% return.
NMAI
- 1D
- -1.06%
- 1M
- 1.84%
- YTD
- 11.74%
- 6M
- 10.96%
- 1Y
- 24.69%
- 3Y*
- 20.22%
- 5Y*
- —
- 10Y*
- —
RKLB
- 1D
- -6.99%
- 1M
- 42.82%
- YTD
- 64.42%
- 6M
- 156.48%
- 1Y
- 329.27%
- 3Y*
- 186.06%
- 5Y*
- —
- 10Y*
- —
NMAI vs. RKLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 11.74% | 20.03% | 11.65% | 19.52% | -26.38% | -1.71% |
RKLB Rocket Lab USA, Inc. | 64.42% | 173.89% | 360.58% | 46.68% | -69.30% | -22.82% |
Correlation
The correlation between NMAI and RKLB is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2021 | 0.37 |
The correlation between NMAI and RKLB shifts across timeframes, from 0.23 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NMAI vs. RKLB — Risk / Return Rank
NMAI
RKLB
NMAI vs. RKLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and Rocket Lab USA, Inc. (RKLB). 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 | RKLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 7.71 | -5.63 |
| Martin ratioReturn relative to average drawdown | 9.00 | 18.10 | -9.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NMAI | RKLB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 3.61 | -1.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.76 | -0.41 |
Drawdowns
NMAI vs. RKLB - Drawdown Comparison
The maximum NMAI drawdown since its inception was -35.61%, smaller than the maximum RKLB drawdown of -82.96%. Use the drawdown chart below to compare losses from any high point for NMAI and RKLB.
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Drawdown Indicators
| NMAI | RKLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -82.96% | +47.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -43.01% | +31.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -55.49% | +42.44% |
Current DrawdownCurrent decline from peak | -1.83% | -23.65% | +21.82% |
Average DrawdownAverage peak-to-trough decline | -12.55% | -51.47% | +38.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 18.29% | -15.54% |
Volatility
NMAI vs. RKLB - Volatility Comparison
The current volatility for Nuveen Multi-Asset Income Fund (NMAI) is 3.97%, while Rocket Lab USA, Inc. (RKLB) has a volatility of 42.00%. This indicates that NMAI experiences smaller price fluctuations and is considered to be less risky than RKLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAI | RKLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 42.00% | -38.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 72.36% | -61.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 92.02% | -79.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 81.45% | -64.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 81.45% | -64.87% |
Dividends
NMAI vs. RKLB - Dividend Comparison
NMAI's dividend yield for the trailing twelve months is around 10.40%, while RKLB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 10.40% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% |
RKLB Rocket Lab USA, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NMAI and RKLB 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.
RKLB has higher volatility (42.00%) compared to NMAI (3.97%). In terms of maximum drawdown, NMAI dropped -35.61% vs RKLB's -82.96%.
RKLB currently has the higher Sharpe Ratio (3.61 vs 1.96), 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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