NRIIX vs. ASET
Compare and contrast key facts about Nuveen Real Asset Income Fund (NRIIX) and FlexShares Real Assets Allocation Index Fund (ASET).
NRIIX is managed by Nuveen. It was launched on Sep 12, 2011. ASET is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Real Assets Allocation Total Return. It was launched on Nov 23, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRIIX or ASET.
Key characteristics
| NRIIX | ASET | |
|---|---|---|
| YTD Return | 9.76% | 6.31% |
| 1Y Return | 20.51% | 17.59% |
| 3Y Return (Ann) | 1.88% | 0.78% |
| 5Y Return (Ann) | 3.18% | 4.17% |
| Sharpe Ratio | 2.89 | 1.29 |
| Sortino Ratio | 4.35 | 1.88 |
| Omega Ratio | 1.60 | 1.23 |
| Calmar Ratio | 1.59 | 0.83 |
| Martin Ratio | 16.79 | 6.77 |
| Ulcer Index | 1.22% | 2.22% |
| Daily Std Dev | 7.11% | 11.61% |
| Max Drawdown | -37.35% | -36.50% |
| Current Drawdown | -1.98% | -3.82% |
Correlation
The correlation between NRIIX and ASET is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NRIIX vs. ASET - Performance Comparison
In the year-to-date period, NRIIX achieves a 9.76% return, which is significantly higher than ASET's 6.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NRIIX vs. ASET - Expense Ratio Comparison
NRIIX has a 0.91% expense ratio, which is higher than ASET's 0.57% expense ratio.
Risk-Adjusted Performance
NRIIX vs. ASET - Risk-Adjusted Performance 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.
Dividends
NRIIX vs. ASET - Dividend Comparison
NRIIX's dividend yield for the trailing twelve months is around 4.76%, more than ASET's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIIX Nuveen Real Asset Income Fund | 4.76% | 5.05% | 5.47% | 5.53% | 4.63% | 5.99% | 5.82% | 5.73% | 5.48% | 5.70% | 4.36% | 5.28% |
ASET FlexShares Real Assets Allocation Index Fund | 2.75% | 2.88% | 2.70% | 2.49% | 2.08% | 3.08% | 3.04% | 2.26% | 3.29% | 1.11% | 0.00% | 0.00% |
Drawdowns
NRIIX vs. ASET - Drawdown Comparison
The maximum NRIIX drawdown since its inception was -37.35%, roughly equal to the maximum ASET drawdown of -36.50%. Use the drawdown chart below to compare losses from any high point for NRIIX and ASET. For additional features, visit the drawdowns tool.
Volatility
NRIIX vs. ASET - Volatility Comparison
The current volatility for Nuveen Real Asset Income Fund (NRIIX) is 2.03%, while FlexShares Real Assets Allocation Index Fund (ASET) has a volatility of 2.68%. This indicates that NRIIX experiences smaller price fluctuations and is considered to be less risky than ASET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.