PGP vs. NMAI
PGP (PIMCO Global StocksPLUS & Income Fund) and NMAI (Nuveen Multi-Asset Income Fund) are both Global Allocation funds. Both are actively managed. Over the past 3 years, PGP returned 16.39%/yr vs 19.60%/yr for NMAI. At a 0.45 correlation, their price movements are largely independent.
Performance
PGP vs. NMAI - Performance Comparison
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Returns By Period
In the year-to-date period, PGP achieves a 0.50% return, which is significantly lower than NMAI's 15.64% return.
PGP
- 1D
- -0.34%
- 1M
- 2.20%
- 6M
- -0.14%
- YTD
- 0.50%
- 1Y
- 16.47%
- 3Y*
- 16.39%
- 5Y*
- 5.51%
- 10Y*
- 1.67%
NMAI
- 1D
- 0.68%
- 1M
- 2.70%
- 6M
- 12.70%
- YTD
- 15.64%
- 1Y
- 27.69%
- 3Y*
- 19.60%
- 5Y*
- —
- 10Y*
- —
PGP vs. NMAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PGP PIMCO Global StocksPLUS & Income Fund | 0.50% | 29.92% | 15.48% | 21.33% | -29.19% | -1.71% |
NMAI Nuveen Multi-Asset Income Fund | 15.64% | 20.03% | 11.65% | 19.52% | -26.38% | -4.91% |
Correlation
The correlation between PGP and NMAI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.45 |
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Return for Risk
PGP vs. NMAI — Risk / Return Rank
PGP
NMAI
PGP vs. NMAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Global StocksPLUS & Income Fund (PGP) and Nuveen Multi-Asset Income Fund (NMAI). 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.
| PGP | NMAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.34 | -1.07 |
| Martin ratioReturn relative to average drawdown | 4.24 | 9.77 | -5.54 |
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Drawdowns
PGP vs. NMAI - Drawdown Comparison
The maximum PGP drawdown since its inception was -64.94%, which is greater than NMAI's maximum drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for PGP and NMAI.
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Drawdown Indicators
| PGP | NMAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.94% | -37.40% | -27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.05% | -11.88% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -13.05% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.55% | — | — |
Current DrawdownCurrent decline from peak | -3.72% | 0.00% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -15.93% | -13.76% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.84% | +1.06% |
Volatility
PGP vs. NMAI - Volatility Comparison
The current volatility for PIMCO Global StocksPLUS & Income Fund (PGP) is 4.16%, while Nuveen Multi-Asset Income Fund (NMAI) has a volatility of 4.46%. This indicates that PGP experiences smaller price fluctuations and is considered to be less risky than NMAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGP | NMAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 4.46% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 11.54% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.30% | 13.44% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.47% | 16.63% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.36% | 16.63% | +9.73% |
Dividends
PGP vs. NMAI - Dividend Comparison
PGP's dividend yield for the trailing twelve months is around 9.53%, less than NMAI's 10.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 10.08% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PGP PIMCO Global StocksPLUS & Income Fund | 9.53% | 9.07% | 10.64% | 11.04% | 11.95% | 7.65% | 9.49% | 10.13% | 12.53% | 11.44% | 14.86% | 12.14% |
Frequently Asked Questions
PGP and NMAI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMAI has higher volatility (4.46%) compared to PGP (4.16%). In terms of maximum drawdown, PGP dropped -64.94% vs NMAI's -37.40%.
NMAI currently has the higher Sharpe Ratio (2.07 vs 1.24), 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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