BST vs. NRO
BST (BlackRock Science and Technology Trust) is a stock, while NRO (Neuberger Berman Real Estate Securities Income Fund) is REIT fund actively managed by Neuberger Berman. Over the past 10 years, BST returned 19.58%/yr vs 5.07%/yr for NRO. At a 0.38 correlation, their price movements are largely independent.
Performance
BST vs. NRO - Performance Comparison
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Returns By Period
In the year-to-date period, BST achieves a 16.91% return, which is significantly higher than NRO's 3.23% return. Over the past 10 years, BST has outperformed NRO with an annualized return of 19.58%, while NRO has yielded a comparatively lower 5.07% annualized return.
BST
- 1D
- -0.09%
- 1M
- 2.92%
- YTD
- 16.91%
- 6M
- 19.17%
- 1Y
- 36.42%
- 3Y*
- 20.80%
- 5Y*
- 3.96%
- 10Y*
- 19.58%
NRO
- 1D
- 1.36%
- 1M
- -2.24%
- YTD
- 3.23%
- 6M
- 4.67%
- 1Y
- 4.74%
- 3Y*
- 14.51%
- 5Y*
- 1.38%
- 10Y*
- 5.07%
BST vs. NRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BST BlackRock Science and Technology Trust | 16.91% | 23.65% | 17.96% | 30.07% | -38.28% | -0.35% | 69.27% | 34.57% | 8.84% | 57.43% |
NRO Neuberger Berman Real Estate Securities Income Fund | 3.23% | 0.85% | 23.87% | 15.24% | -35.04% | 29.26% | -10.88% | 47.57% | -16.37% | 13.29% |
Correlation
The correlation between BST and NRO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014 | 0.38 |
The correlation between BST and NRO shifts across timeframes, from 0.30 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BST vs. NRO — Risk / Return Rank
BST
NRO
BST vs. NRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Science and Technology Trust (BST) and Neuberger Berman Real Estate Securities Income Fund (NRO). 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.
| BST | NRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.44 | +1.95 |
| Martin ratioReturn relative to average drawdown | 7.82 | 1.18 | +6.64 |
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
| BST | NRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 0.38 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.06 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.19 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.11 | +0.52 |
Drawdowns
BST vs. NRO - Drawdown Comparison
The maximum BST drawdown since its inception was -47.72%, smaller than the maximum NRO drawdown of -92.91%. Use the drawdown chart below to compare losses from any high point for BST and NRO.
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Drawdown Indicators
| BST | NRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.72% | -92.91% | +45.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.31% | -11.61% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -24.78% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -47.72% | -42.35% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -47.72% | -62.59% | +14.87% |
Current DrawdownCurrent decline from peak | -7.74% | -8.50% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -27.21% | +14.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 4.30% | +0.37% |
Volatility
BST vs. NRO - Volatility Comparison
BlackRock Science and Technology Trust (BST) has a higher volatility of 8.82% compared to Neuberger Berman Real Estate Securities Income Fund (NRO) at 3.86%. This indicates that BST's price experiences larger fluctuations and is considered to be riskier than NRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BST | NRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 3.86% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 10.23% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 13.49% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 21.58% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.80% | 26.34% | -0.54% |
Dividends
BST vs. NRO - Dividend Comparison
BST's dividend yield for the trailing twelve months is around 9.14%, less than NRO's 12.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BST BlackRock Science and Technology Trust | 9.14% | 10.36% | 8.21% | 8.91% | 10.57% | 5.38% | 3.85% | 10.52% | 6.41% | 4.80% | 6.69% | 6.93% |
NRO Neuberger Berman Real Estate Securities Income Fund | 12.56% | 12.27% | 10.55% | 11.74% | 11.96% | 7.10% | 10.88% | 8.60% | 12.77% | 9.31% | 7.64% | 7.19% |
Frequently Asked Questions
BST and NRO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BST has higher volatility (8.82%) compared to NRO (3.86%). In terms of maximum drawdown, BST dropped -47.72% vs NRO's -92.91%.
BST currently has the higher Sharpe Ratio (1.93 vs 0.38), 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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