SEAIX vs. NMAI

Last updated Jul 14, 2026

SEAIX (SEI Asset Allocation Trust Aggressive Strategy Fund) and NMAI (Nuveen Multi-Asset Income Fund) are both Global Allocation funds. Over the past 3 years, SEAIX returned 17.03%/yr vs 19.00%/yr for NMAI. A 0.70 correlation means they provide meaningful diversification when combined. SEAIX charges 0.60%/yr vs 2.91%/yr for NMAI.

Performance

SEAIX vs. NMAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Asset Allocation Trust Aggressive Strategy Fund (SEAIX) and Nuveen Multi-Asset Income Fund (NMAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEAIX achieves a 11.22% return, which is significantly lower than NMAI's 13.89% return.

SEAIX

• 1D: 0.12%
• 1M: 0.91%
• 6M: 8.50%
• YTD: 11.22%
• 1Y: 22.50%
• 3Y*: 17.03%
• 5Y*: 7.91%
• 10Y*: 9.03%

NMAI

• 1D: 1.07%
• 1M: 2.51%
• 6M: 11.25%
• YTD: 13.89%
• 1Y: 24.91%
• 3Y*: 19.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SEAIX vs. NMAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SEAIX SEI Asset Allocation Trust Aggressive Strategy Fund	11.22%	21.66%	12.31%	14.27%	-17.32%	-0.15%
NMAI Nuveen Multi-Asset Income Fund	13.89%	20.03%	11.65%	19.52%	-26.38%	-4.91%

Correlation

The correlation between SEAIX and NMAI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021	0.70

The correlation between SEAIX and NMAI has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

SEAIX vs. NMAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SEAIX

SEAIX Risk / Return Rank: 70
SEAIX Sharpe Ratio Rank: 73
SEAIX Sortino Ratio Rank: 71
SEAIX Omega Ratio Rank: 70
SEAIX Calmar Ratio Rank: 65
SEAIX Martin Ratio Rank: 72

NMAI

NMAI Risk / Return Rank: 61
NMAI Sharpe Ratio Rank: 71
NMAI Sortino Ratio Rank: 66
NMAI Omega Ratio Rank: 68
NMAI Calmar Ratio Rank: 47
NMAI Martin Ratio Rank: 56

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.

SEAIX vs. NMAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Asset Allocation Trust Aggressive Strategy Fund (SEAIX) 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.

	SEAIX	NMAI	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.86	+0.03
Sortino ratio: Return per unit of downside risk	2.65	2.54	+0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	2.47	2.11	+0.36
Martin ratio: Return relative to average drawdown	10.47	8.80	+1.68

SEAIX vs. NMAI - Sharpe Ratio Comparison

The current SEAIX Sharpe Ratio is 1.90, which is comparable to the NMAI Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SEAIX and NMAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEAIX vs. NMAI - Drawdown Comparison

The maximum SEAIX drawdown since its inception was -56.54%, which is greater than NMAI's maximum drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for SEAIX and NMAI.

Drawdown Indicators

	SEAIX	NMAI	Difference
Max Drawdown Largest peak-to-trough decline	-56.54%	-37.40%	-19.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-11.88%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-13.16%	-13.05%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.83%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.24%	—	—
Current Drawdown Current decline from peak	-0.32%	-0.42%	+0.10%
Average Drawdown Average peak-to-trough decline	-8.67%	-13.79%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	2.84%	-0.76%

Volatility

SEAIX vs. NMAI - Volatility Comparison

The current volatility for SEI Asset Allocation Trust Aggressive Strategy Fund (SEAIX) is 3.78%, while Nuveen Multi-Asset Income Fund (NMAI) has a volatility of 4.69%. This indicates that SEAIX 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.

Volatility by Period

	SEAIX	NMAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.69%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	11.54%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	13.45%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	16.64%	-3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.81%	16.64%	-3.83%

SEAIX vs. NMAI - Expense Ratio Comparison

SEAIX has a 0.60% expense ratio, which is lower than NMAI's 2.91% expense ratio.

Dividends

SEAIX vs. NMAI - Dividend Comparison

SEAIX's dividend yield for the trailing twelve months is around 7.88%, less than NMAI's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMAI Nuveen Multi-Asset Income Fund	10.22%	9.89%	13.73%	10.57%	19.45%	1.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SEAIX SEI Asset Allocation Trust Aggressive Strategy Fund	7.88%	8.72%	1.43%	3.77%	19.34%	8.79%	3.92%	5.53%	2.43%	1.48%	1.93%	2.00%

Frequently Asked Questions

Can I hold both SEAIX and NMAI in my portfolio?

SEAIX and NMAI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEAIX or NMAI?

NMAI has higher volatility (4.69%) compared to SEAIX (3.78%). In terms of maximum drawdown, SEAIX dropped -56.54% vs NMAI's -37.40%.

Which has better risk-adjusted returns?

SEAIX currently has the higher Sharpe Ratio (1.90 vs 1.86), 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.