NRIIX vs. FREL
Compare and contrast key facts about Nuveen Real Asset Income Fund (NRIIX) and Fidelity MSCI Real Estate Index ETF (FREL).
NRIIX is managed by Nuveen. It was launched on Sep 12, 2011. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRIIX or FREL.
Key characteristics
| NRIIX | FREL | |
|---|---|---|
| YTD Return | 9.76% | 11.99% |
| 1Y Return | 20.51% | 33.62% |
| 3Y Return (Ann) | 1.88% | -0.62% |
| 5Y Return (Ann) | 3.18% | 4.91% |
| Sharpe Ratio | 2.89 | 1.85 |
| Sortino Ratio | 4.35 | 2.65 |
| Omega Ratio | 1.60 | 1.34 |
| Calmar Ratio | 1.59 | 1.02 |
| Martin Ratio | 16.79 | 7.20 |
| Ulcer Index | 1.22% | 4.38% |
| Daily Std Dev | 7.11% | 17.06% |
| Max Drawdown | -37.35% | -42.61% |
| Current Drawdown | -1.98% | -7.66% |
Correlation
The correlation between NRIIX and FREL is 0.76, 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. FREL - Performance Comparison
In the year-to-date period, NRIIX achieves a 9.76% return, which is significantly lower than FREL's 11.99% 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. FREL - Expense Ratio Comparison
NRIIX has a 0.91% expense ratio, which is higher than FREL's 0.08% expense ratio.
Risk-Adjusted Performance
NRIIX vs. FREL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Asset Income Fund (NRIIX) and Fidelity MSCI Real Estate Index ETF (FREL). 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. FREL - Dividend Comparison
NRIIX's dividend yield for the trailing twelve months is around 4.76%, more than FREL's 3.19% 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% |
FREL Fidelity MSCI Real Estate Index ETF | 3.19% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% | 0.00% | 0.00% |
Drawdowns
NRIIX vs. FREL - Drawdown Comparison
The maximum NRIIX drawdown since its inception was -37.35%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for NRIIX and FREL. For additional features, visit the drawdowns tool.
Volatility
NRIIX vs. FREL - Volatility Comparison
The current volatility for Nuveen Real Asset Income Fund (NRIIX) is 2.03%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 5.19%. This indicates that NRIIX experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.