TTMIX vs. NMAI
TTMIX (T. Rowe Price Total Return Fund Class I) and NMAI (Nuveen Multi-Asset Income Fund) are both Global Allocation funds. Over the past 3 years, TTMIX returned 16.67%/yr vs 19.51%/yr for NMAI. Their 0.60 correlation means they have sometimes moved together and sometimes differently. TTMIX charges 0.37%/yr vs 2.91%/yr for NMAI.
Performance
TTMIX vs. NMAI - Performance Comparison
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Returns By Period
In the year-to-date period, TTMIX achieves a -3.09% return, which is significantly lower than NMAI's 15.48% return.
TTMIX
- 1D
- 2.69%
- 1M
- -2.19%
- 6M
- 0.02%
- YTD
- -3.09%
- 1Y
- -5.84%
- 3Y*
- 16.67%
- 5Y*
- 2.70%
- 10Y*
- 13.53%
- ALL TIME*
- 14.17%
NMAI
- 1D
- -0.21%
- 1M
- 2.48%
- 6M
- 10.17%
- YTD
- 15.48%
- 1Y
- 26.38%
- 3Y*
- 19.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.04M | $1.26M | $1.56M | |
| $0.00 | $0.00 | $0.00 |
TTMIX vs. NMAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TTMIX T. Rowe Price Total Return Fund Class I | -3.09% | 6.97% | 38.33% | 39.41% | -40.85% | -6.31% |
NMAI Nuveen Multi-Asset Income Fund | 15.48% | 20.03% | 11.65% | 19.52% | -26.38% | -4.91% |
Correlation
The correlation between TTMIX and NMAI is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.60 |
The correlation between TTMIX and NMAI has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
TTMIX vs. NMAI — Risk / Return Rank
TTMIX
NMAI
TTMIX vs. NMAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return Fund Class I (TTMIX) 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.
| TTMIX | NMAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.16 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.23 | -2.45 |
| Martin ratioReturn relative to average drawdown | -0.46 | 9.14 | -9.60 |
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Drawdowns
TTMIX vs. NMAI - Drawdown Comparison
The maximum TTMIX drawdown since its inception was -47.11%, which is greater than NMAI's maximum drawdown of -37.40%. Use the drawdown chart below to compare losses from any high point for TTMIX and NMAI.
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Drawdown Indicators
| TTMIX | NMAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.11% | -37.40% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.25% | -11.88% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.68% | -13.05% | -7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -47.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.11% | — | — |
Current DrawdownCurrent decline from peak | -10.71% | -0.21% | -10.50% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -13.63% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 2.89% | +5.18% |
Volatility
TTMIX vs. NMAI - Volatility Comparison
T. Rowe Price Total Return Fund Class I (TTMIX) has a higher volatility of 6.37% compared to Nuveen Multi-Asset Income Fund (NMAI) at 4.53%. This indicates that TTMIX's price experiences larger fluctuations and is considered to be riskier 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
| TTMIX | NMAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 4.53% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 11.96% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 13.79% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 16.63% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.84% | 16.63% | +4.21% |
TTMIX vs. NMAI - Expense Ratio Comparison
TTMIX has a 0.37% expense ratio, which is lower than NMAI's 2.91% expense ratio.
Dividends
TTMIX vs. NMAI - Dividend Comparison
TTMIX's dividend yield for the trailing twelve months is around 26.08%, more than NMAI's 10.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NMAI Nuveen Multi-Asset Income Fund | 10.09% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TTMIX T. Rowe Price Total Return Fund Class I | 26.08% | 25.27% | 7.45% | 7.80% | 17.43% | 8.53% | 5.27% | 2.44% | 1.41% | 2.47% | 2.23% |
Frequently Asked Questions
TTMIX and NMAI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTMIX has higher volatility (6.37%) compared to NMAI (4.53%). In terms of maximum drawdown, TTMIX dropped -47.11% vs NMAI's -37.40%.
NMAI currently has the higher Sharpe Ratio (1.93 vs -0.23), 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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