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NRIIX vs. ASET
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NRIIX vs. ASET

Last updated Jun 23, 2026

NRIIX (Nuveen Real Asset Income Fund) and ASET (FlexShares Real Assets Allocation Index Fund) are both funds - NRIIX is a Global Allocation fund managed by Nuveen, while ASET is a Diversified Portfolio fund tracking the Northern Trust Real Assets Allocation Total Return. NRIIX charges 0.91%/yr vs 0.57%/yr for ASET.

Performance

NRIIX vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Real Asset Income Fund (NRIIX) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

NRIIX

1D
0.04%
1M
-0.51%
YTD
5.44%
6M
6.74%
1Y
11.80%
3Y*
10.86%
5Y*
5.13%
10Y*
5.70%

ASET

1D
0.00%
1M
0.00%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NRIIX vs. ASET - Yearly Performance Comparison

2026 (YTD)
NRIIX
Nuveen Real Asset Income Fund		2.11%
ASET
FlexShares Real Assets Allocation Index Fund		0.00%

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Nuveen Real Asset Income Fund

FlexShares Real Assets Allocation Index Fund

Often compared with NRIIX:
NRIIX vs. SVAIXNRIIX vs. FRELNRIIX vs. VOONRIIX vs. CIBFXNRIIX vs. CVLOXNRIIX vs. TRXAXNRIIX vs. FESGX
Often compared with ASET:
ASET vs. MOODASET vs. GABFASET vs. NFRAASET vs. GALASET vs. SCHDASET vs. RLYASET vs. RAA

Return for Risk

NRIIX vs. ASET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NRIIX
NRIIX Risk / Return Rank: 5252
Overall Rank
NRIIX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
NRIIX Sortino Ratio Rank: 5555
Sortino Ratio Rank
NRIIX Omega Ratio Rank: 5454
Omega Ratio Rank
NRIIX Calmar Ratio Rank: 4444
Calmar Ratio Rank
NRIIX Martin Ratio Rank: 5050
Martin Ratio Rank
ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NRIIX vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Asset Income Fund (NRIIX) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

NRIIXASETDifference
Sharpe ratioReturn per unit of total volatility
2.00

—

—

Sortino ratioReturn per unit of downside risk
2.84

—

—

Omega ratioGain probability vs. loss probability

1.37

—

—

Calmar ratioReturn relative to maximum drawdown

2.42

—

—

Martin ratioReturn relative to average drawdown

9.75

—

—

NRIIX vs. ASET - Sharpe Ratio Comparison

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Drawdowns

NRIIX vs. ASET - Drawdown Comparison

The maximum NRIIX drawdown since its inception was -37.35%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NRIIX and ASET.

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Drawdown Indicators

NRIIXASETDifference

Max Drawdown

Largest peak-to-trough decline

-37.35%

0.00%

-37.35%

Max Drawdown (1Y)

Largest decline over 1 year

-4.90%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-8.02%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-18.44%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-37.35%

—

—

Current Drawdown

Current decline from peak

-0.99%

0.00%

-0.99%

Average Drawdown

Average peak-to-trough decline

-3.64%

0.00%

-3.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

—

—

Volatility

NRIIX vs. ASET - Volatility Comparison

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Volatility by Period

NRIIXASETDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.78%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

4.67%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

5.91%

0.00%

+5.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.41%

0.00%

+8.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.23%

0.00%

+10.23%

NRIIX vs. ASET - Expense Ratio Comparison

NRIIX has a 0.91% expense ratio, which is higher than ASET's 0.57% expense ratio.

Dividends

NRIIX vs. ASET - Dividend Comparison

NRIIX's dividend yield for the trailing twelve months is around 6.24%, while ASET has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ASET
FlexShares Real Assets Allocation Index Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NRIIX
Nuveen Real Asset Income Fund		6.24%6.71%5.39%6.70%5.81%4.34%4.63%5.99%5.82%5.73%5.47%5.70%
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