ADAM vs. NREF
ADAM (Adamas Trust, Inc) and NREF (NexPoint Real Estate Finance, Inc.) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 5 years, ADAM returned 4.23%/yr vs 6.79%/yr for NREF. At a 0.42 correlation, their price movements are largely independent.
Performance
ADAM vs. NREF - Performance Comparison
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Returns By Period
In the year-to-date period, ADAM achieves a 72.44% return, which is significantly higher than NREF's 13.03% return.
ADAM
- 1D
- 1.11%
- 1M
- 37.10%
- YTD
- 72.44%
- 6M
- 73.87%
- 1Y
- 105.72%
- 3Y*
- 19.86%
- 5Y*
- 4.23%
- 10Y*
- 4.54%
NREF
- 1D
- 1.85%
- 1M
- 0.42%
- YTD
- 13.03%
- 6M
- 12.00%
- 1Y
- 24.59%
- 3Y*
- 15.74%
- 5Y*
- 6.79%
- 10Y*
- —
ADAM vs. NREF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 72.44% | 36.49% | -19.27% | -5.45% | -20.80% | 10.70% | -37.53% |
NREF NexPoint Real Estate Finance, Inc. | 13.03% | 2.28% | 13.51% | 17.36% | -8.90% | 27.81% | -3.83% |
Correlation
The correlation between ADAM and NREF 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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.42 |
Fundamentals
ADAM:
$840.51M
NREF:
$765.15M
ADAM:
$1.70
NREF:
$2.26
ADAM:
5.37
NREF:
6.59
ADAM:
1.17
NREF:
4.39
ADAM:
0.92
NREF:
1.97
ADAM:
$713.66M
NREF:
$155.54M
ADAM:
$546.72M
NREF:
$132.51M
ADAM:
$477.31M
NREF:
$152.30M
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Return for Risk
ADAM vs. NREF — Risk / Return Rank
ADAM
NREF
ADAM vs. NREF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adamas Trust, Inc (ADAM) and NexPoint Real Estate Finance, Inc. (NREF). 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.
| ADAM | NREF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.18 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.23 | 1.91 | +4.32 |
| Martin ratioReturn relative to average drawdown | 19.77 | 4.83 | +14.94 |
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Drawdowns
ADAM vs. NREF - Drawdown Comparison
The maximum ADAM drawdown since its inception was -97.94%, which is greater than NREF's maximum drawdown of -66.09%. Use the drawdown chart below to compare losses from any high point for ADAM and NREF.
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Drawdown Indicators
| ADAM | NREF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.94% | -66.09% | -31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -12.92% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -42.20% | -24.00% | -18.20% |
Max Drawdown (5Y)Largest decline over 5 years | -57.26% | -44.78% | -12.48% |
Max Drawdown (10Y)Largest decline over 10 years | -84.01% | — | — |
Current DrawdownCurrent decline from peak | -59.82% | -3.98% | -55.84% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -16.75% | -56.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 5.10% | +0.27% |
Volatility
ADAM vs. NREF - Volatility Comparison
Adamas Trust, Inc (ADAM) has a higher volatility of 29.43% compared to NexPoint Real Estate Finance, Inc. (NREF) at 6.62%. This indicates that ADAM's price experiences larger fluctuations and is considered to be riskier than NREF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAM | NREF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.43% | 6.62% | +22.81% |
Volatility (6M)Calculated over the trailing 6-month period | 37.88% | 17.32% | +20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.89% | 24.64% | +21.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.69% | 33.29% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.40% | 45.65% | +3.75% |
Dividends
ADAM vs. NREF - Dividend Comparison
ADAM's dividend yield for the trailing twelve months is around 35.33%, more than NREF's 13.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADAM Adamas Trust, Inc | 35.33% | 11.78% | 13.20% | 14.07% | 15.62% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% |
NREF NexPoint Real Estate Finance, Inc. | 13.45% | 14.20% | 12.75% | 17.40% | 12.59% | 9.87% | 8.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ADAM vs. NREF - Financials Comparison
This section allows you to compare key financial metrics between Adamas Trust, Inc and NexPoint Real Estate Finance, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ADAM vs. NREF - Profitability Comparison
ADAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported a gross profit of 229.24M and revenue of 229.24M. Therefore, the gross margin over that period was 100.0%.
NREF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported a gross profit of 41.79M and revenue of 41.79M. Therefore, the gross margin over that period was 100.0%.
ADAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported an operating income of 206.48M and revenue of 229.24M, resulting in an operating margin of 90.1%.
NREF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported an operating income of 31.79M and revenue of 41.79M, resulting in an operating margin of 76.1%.
ADAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adamas Trust, Inc reported a net income of 48.60M and revenue of 229.24M, resulting in a net margin of 21.2%.
NREF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported a net income of 20.27M and revenue of 41.79M, resulting in a net margin of 48.5%.
Frequently Asked Questions
ADAM and NREF 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.
ADAM has higher volatility (29.43%) compared to NREF (6.62%). In terms of maximum drawdown, ADAM dropped -97.94% vs NREF's -66.09%.
ADAM currently has the higher Sharpe Ratio (2.32 vs 1.00), 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.
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