BNL vs. O
BNL (Broadstone Net Lease, Inc.) and O (Realty Income Corporation) are both stocks. Both are in the Real Estate sector — BNL in REIT - Diversified, O in REIT - Retail. Over the past 5 years, BNL returned 2.99%/yr vs 2.47%/yr for O. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
BNL vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, BNL achieves a 18.04% return, which is significantly higher than O's 8.26% return.
BNL
- 1D
- -0.10%
- 1M
- 3.97%
- YTD
- 18.04%
- 6M
- 18.92%
- 1Y
- 34.20%
- 3Y*
- 15.56%
- 5Y*
- 2.99%
- 10Y*
- —
O
- 1D
- -0.32%
- 1M
- -5.46%
- YTD
- 8.26%
- 6M
- 5.55%
- 1Y
- 12.57%
- 3Y*
- 5.73%
- 5Y*
- 2.47%
- 10Y*
- 4.58%
BNL vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNL Broadstone Net Lease, Inc. | 18.04% | 17.27% | -1.08% | 14.00% | -30.75% | 42.88% |
O Realty Income Corporation | 8.26% | 12.20% | -2.11% | -4.55% | -7.38% | 22.43% |
Correlation
The correlation between BNL and O is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2021 | 0.66 |
The correlation between BNL and O shifts across timeframes, from 0.53 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BNL:
$0.41
O:
$1.17
BNL:
48.83
O:
50.86
BNL:
8.53
O:
6.87
BNL:
$468.77M
O:
$5.92B
BNL:
$80.71M
O:
$3.89B
BNL:
$332.30M
O:
$3.93B
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Return for Risk
BNL vs. O — Risk / Return Rank
BNL
O
BNL vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadstone Net Lease, Inc. (BNL) and Realty Income Corporation (O). 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.
| BNL | O | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 0.79 | +1.10 |
Sortino ratioReturn per unit of downside risk | 2.59 | 1.13 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.14 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 4.12 | 1.14 | +2.98 |
Martin ratioReturn relative to average drawdown | 10.30 | 2.88 | +7.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNL | O | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 0.79 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.13 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.48 | -0.10 |
Drawdowns
BNL vs. O - Drawdown Comparison
The maximum BNL drawdown since its inception was -43.56%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for BNL and O.
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Drawdown Indicators
| BNL | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.56% | -48.45% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -11.10% | +2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -26.49% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -43.56% | -34.48% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -2.13% | -10.44% | +8.31% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -9.21% | -13.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 4.37% | -1.04% |
Volatility
BNL vs. O - Volatility Comparison
The current volatility for Broadstone Net Lease, Inc. (BNL) is 4.27%, while Realty Income Corporation (O) has a volatility of 5.48%. This indicates that BNL experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNL | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.48% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 11.72% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.15% | 15.95% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 18.87% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.05% | 25.63% | -2.58% |
Dividends
BNL vs. O - Dividend Comparison
BNL's dividend yield for the trailing twelve months is around 5.76%, more than O's 5.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNL Broadstone Net Lease, Inc. | 5.76% | 6.68% | 7.28% | 6.50% | 6.66% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
O Realty Income Corporation | 5.42% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
Financials
BNL vs. O - Financials Comparison
This section allows you to compare key financial metrics between Broadstone Net Lease, Inc. and Realty Income Corporation. 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
BNL vs. O - Profitability Comparison
BNL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadstone Net Lease, Inc. reported a gross profit of 0.00 and revenue of 121.40M. Therefore, the gross margin over that period was 0.0%.
O - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
BNL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadstone Net Lease, Inc. reported an operating income of 0.00 and revenue of 121.40M, resulting in an operating margin of 0.0%.
O - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported an operating income of 0.00 and revenue of 1.55B, resulting in an operating margin of 0.0%.
BNL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadstone Net Lease, Inc. reported a net income of -27.00K and revenue of 121.40M, resulting in a net margin of -0.0%.
O - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Realty Income Corporation reported a net income of -9.17M and revenue of 1.55B, resulting in a net margin of -0.6%.
Frequently Asked Questions
BNL and O 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.
O has higher volatility (5.48%) compared to BNL (4.27%). In terms of maximum drawdown, BNL dropped -43.56% vs O's -48.45%.
BNL currently has the higher Sharpe Ratio (1.89 vs 0.79), 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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