NMAI vs VT: Correlation
Nuveen Multi-Asset Income Fund (NMAI) and Vanguard Total World Stock ETF (VT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMAI and VT?
Across a 3-year window, the weekly returns of NMAI and VT correlate at 0.75, strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 148.6 %².
By 3-year correlation, VT places #5 of the 12 assets tracked against NMAI. Twelve-month performance is nearly a tie, at +25.5% for NMAI and +22.7% for VT.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NMAI vs VT: side by side
| NMAI (Nuveen Multi-Asset Income Fund) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +25.5% | +22.7% |
| 5-year return | +36.4% | +67.7% |
| Volatility (ann.) | 14.2% | 13.9% |
| Beta vs S&P 500 | 0.68 | 0.92 |
| Max drawdown (3Y) | -13.0% | -16.5% |
| Market cap | $0.5B | – |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 0.00% | 1.59% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $97.9B |
| Sector / category | US Listed | ETF · Global |
VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Year-by-year returns
| Year | NMAI | VT |
|---|---|---|
| 2022 | -26.4% | -18.0% |
| 2023 | +19.5% | +22.0% |
| 2024 | +11.7% | +16.5% |
| 2025 | +20.0% | +22.4% |
| 2026 | +17.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMAI and VT good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NMAI and VT?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.78 over the last year and 0.78 over 5 years.
Is VT a good diversifier for NMAI?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: NMAI correlations · VT correlations
