NMAI vs. WMRIX
NMAI (Nuveen Multi-Asset Income Fund) and WMRIX (Wilmington Real Asset Fund) are both Global Allocation funds. Over the past 3 years, NMAI returned 19.51%/yr vs 10.99%/yr for WMRIX. Their 0.44 correlation means their historical movements had little consistent relationship. NMAI charges 2.91%/yr vs 0.64%/yr for WMRIX.
Performance
NMAI vs. WMRIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NMAI having a 15.48% return and WMRIX slightly higher at 15.90%.
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%
WMRIX
- 1D
- -0.48%
- 1M
- 3.20%
- 6M
- 9.28%
- YTD
- 15.90%
- 1Y
- 23.27%
- 3Y*
- 10.99%
- 5Y*
- 5.53%
- 10Y*
- 5.51%
- ALL TIME*
- 6.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $1.26M | $1.56M | |
| $0.00 | $0.00 | $0.00 |
NMAI vs. WMRIX - 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% |
WMRIX Wilmington Real Asset Fund | 15.90% | 12.79% | 2.57% | 1.12% | -8.03% | 0.13% |
Correlation
The correlation between NMAI and WMRIX is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
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 WMRIX has dropped to 0.16 - 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. WMRIX — Risk / Return Rank
NMAI
WMRIX
NMAI vs. WMRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and Wilmington Real Asset Fund (WMRIX). 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 | WMRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.39 | -1.16 |
| Martin ratioReturn relative to average drawdown | 9.14 | 11.46 | -2.32 |
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Drawdowns
NMAI vs. WMRIX - Drawdown Comparison
The maximum NMAI drawdown since its inception was -37.40%, roughly equal to the maximum WMRIX drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for NMAI and WMRIX.
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Drawdown Indicators
| NMAI | WMRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.40% | -37.84% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -7.13% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -10.95% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.27% | — |
Current DrawdownCurrent decline from peak | -0.21% | -2.96% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -7.15% | -6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.10% | +0.79% |
Volatility
NMAI vs. WMRIX - Volatility Comparison
Nuveen Multi-Asset Income Fund (NMAI) has a higher volatility of 4.53% compared to Wilmington Real Asset Fund (WMRIX) at 2.11%. This indicates that NMAI's price experiences larger fluctuations and is considered to be riskier than WMRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMAI | WMRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 2.11% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.96% | 6.34% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 8.77% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 11.45% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 12.51% | +4.12% |
NMAI vs. WMRIX - Expense Ratio Comparison
NMAI has a 2.91% expense ratio, which is higher than WMRIX's 0.64% expense ratio.
Dividends
NMAI vs. WMRIX - Dividend Comparison
NMAI's dividend yield for the trailing twelve months is around 10.09%, more than WMRIX's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WMRIX Wilmington Real Asset Fund | 6.15% | 7.15% | 1.02% | 3.51% | 6.07% | 9.29% | 1.99% | 3.03% | 2.84% | 2.73% | 0.00% | 5.31% |
Frequently Asked Questions
NMAI and WMRIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMAI has higher volatility (4.53%) compared to WMRIX (2.11%). In terms of maximum drawdown, NMAI dropped -37.40% vs WMRIX's -37.84%.
WMRIX currently has the higher Sharpe Ratio (2.76 vs 1.93), 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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