TRXAX vs. NRIIX

Last updated Jun 23, 2026

TRXAX (Catalyst/MAP Global Balanced Fund) and NRIIX (Nuveen Real Asset Income Fund) are both Global Allocation funds. Over the past 10 years, TRXAX returned 5.76%/yr vs 5.70%/yr for NRIIX. A 0.73 correlation means they provide meaningful diversification when combined. TRXAX charges 1.22%/yr vs 0.91%/yr for NRIIX.

Performance

TRXAX vs. NRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/MAP Global Balanced Fund (TRXAX) and Nuveen Real Asset Income Fund (NRIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRXAX achieves a 6.41% return, which is significantly higher than NRIIX's 5.44% return. Both investments have delivered pretty close results over the past 10 years, with TRXAX having a 5.76% annualized return and NRIIX not far behind at 5.70%.

TRXAX

• 1D: 0.15%
• 1M: 0.60%
• YTD: 6.41%
• 6M: 6.36%
• 1Y: 14.23%
• 3Y*: 9.63%
• 5Y*: 5.54%
• 10Y*: 5.76%

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%

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

TRXAX vs. NRIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRXAX Catalyst/MAP Global Balanced Fund	6.41%	16.16%	4.67%	5.23%	-7.44%	9.65%	3.62%	11.51%	-3.30%	11.12%
NRIIX Nuveen Real Asset Income Fund	5.44%	12.55%	7.56%	10.38%	-11.50%	10.58%	-3.45%	22.74%	-6.10%	12.39%

Correlation

The correlation between TRXAX and NRIIX 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	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 13, 2011	0.73

The correlation between TRXAX and NRIIX shifts across timeframes, from 0.64 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TRXAX vs. NRIIX — Risk / Return Rank

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

TRXAX

TRXAX Risk / Return Rank: 58
TRXAX Sharpe Ratio Rank: 67
TRXAX Sortino Ratio Rank: 68
TRXAX Omega Ratio Rank: 67
TRXAX Calmar Ratio Rank: 47
TRXAX Martin Ratio Rank: 41

NRIIX

NRIIX Risk / Return Rank: 52
NRIIX Sharpe Ratio Rank: 55
NRIIX Sortino Ratio Rank: 55
NRIIX Omega Ratio Rank: 54
NRIIX Calmar Ratio Rank: 44
NRIIX Martin Ratio Rank: 50

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.

TRXAX vs. NRIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Catalyst/MAP Global Balanced Fund (TRXAX) and Nuveen Real Asset Income Fund (NRIIX). 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.

	TRXAX	NRIIX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.00	+0.20
Sortino ratio: Return per unit of downside risk	3.12	2.84	+0.28
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	2.50	2.42	+0.08
Martin ratio: Return relative to average drawdown	8.33	9.75	-1.42

TRXAX vs. NRIIX - Sharpe Ratio Comparison

The current TRXAX Sharpe Ratio is 2.20, which is comparable to the NRIIX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of TRXAX and NRIIX, 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

TRXAX vs. NRIIX - Drawdown Comparison

The maximum TRXAX drawdown since its inception was -20.50%, smaller than the maximum NRIIX drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for TRXAX and NRIIX.

Drawdown Indicators

	TRXAX	NRIIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.50%	-37.35%	+16.85%
Max Drawdown (1Y) Largest decline over 1 year	-5.60%	-4.90%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-6.04%	-8.02%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	-16.03%	-18.44%	+2.41%
Max Drawdown (10Y) Largest decline over 10 years	-20.50%	-37.35%	+16.85%
Current Drawdown Current decline from peak	-1.33%	-0.99%	-0.34%
Average Drawdown Average peak-to-trough decline	-2.66%	-3.64%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	1.21%	+0.47%

Volatility

TRXAX vs. NRIIX - Volatility Comparison

Catalyst/MAP Global Balanced Fund (TRXAX) has a higher volatility of 2.13% compared to Nuveen Real Asset Income Fund (NRIIX) at 1.78%. This indicates that TRXAX's price experiences larger fluctuations and is considered to be riskier than NRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRXAX	NRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	1.78%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	5.12%	4.67%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	6.37%	5.91%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.86%	8.41%	-0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.27%	10.23%	-1.96%

TRXAX vs. NRIIX - Expense Ratio Comparison

TRXAX has a 1.22% expense ratio, which is higher than NRIIX's 0.91% expense ratio.

Dividends

TRXAX vs. NRIIX - Dividend Comparison

TRXAX's dividend yield for the trailing twelve months is around 2.19%, less than NRIIX's 6.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TRXAX Catalyst/MAP Global Balanced Fund	2.19%	2.45%	4.93%	5.12%	0.83%	6.76%	1.91%	2.66%	8.34%	3.46%	3.55%	1.59%

Frequently Asked Questions

Can I hold both TRXAX and NRIIX in my portfolio?

TRXAX and NRIIX 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, TRXAX or NRIIX?

TRXAX has higher volatility (2.13%) compared to NRIIX (1.78%). In terms of maximum drawdown, TRXAX dropped -20.50% vs NRIIX's -37.35%.

Which has better risk-adjusted returns?

TRXAX currently has the higher Sharpe Ratio (2.20 vs 2.00), 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.