CBL vs. NXDT

Last updated Apr 2, 2026

Compare and contrast key facts about CBL & Associates Properties, Inc. (CBL) and NexPoint Strategic Opportunities Fund (NXDT).

Performance

CBL vs. NXDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CBL & Associates Properties, Inc. (CBL) and NexPoint Strategic Opportunities Fund (NXDT). The values are adjusted to include any dividend payments, if applicable.

CBL vs. NXDT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CBL CBL & Associates Properties, Inc.	7.71%	37.21%	28.52%	12.96%	-17.96%	-2.68%
NXDT NexPoint Strategic Opportunities Fund	20.43%	-25.84%	-15.05%	-24.89%	-13.96%	-6.00%

Fundamentals

Market Cap CBL : $1.22B NXDT : $206.75M
EPS CBL : $4.34 NXDT : -$2.72
PS Ratio CBL : 2.11 NXDT : 2.42
PB Ratio CBL : 3.27 NXDT : 0.30
Total Revenue (TTM) CBL : $578.37M NXDT : $85.97M
Gross Profit (TTM) CBL : $43.71M NXDT : $79.71M
EBITDA (TTM) CBL : $476.12M NXDT : -$110.83M

Returns By Period

In the year-to-date period, CBL achieves a 7.71% return, which is significantly lower than NXDT's 20.43% return.

CBL

• 1D: 2.47%
• 1M: 5.10%
• YTD: 7.71%
• 6M: 31.75%
• 1Y: 54.03%
• 3Y*: 23.91%
• 5Y*: —
• 10Y*: —

NXDT

• 1D: -4.28%
• 1M: -4.69%
• YTD: 20.43%
• 6M: 33.44%
• 1Y: 36.52%
• 3Y*: -15.33%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CBL vs. NXDT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBL

CBL Risk / Return Rank: 85
CBL Sharpe Ratio Rank: 88
CBL Sortino Ratio Rank: 84
CBL Omega Ratio Rank: 83
CBL Calmar Ratio Rank: 85
CBL Martin Ratio Rank: 86

NXDT

NXDT Risk / Return Rank: 58
NXDT Sharpe Ratio Rank: 60
NXDT Sortino Ratio Rank: 60
NXDT Omega Ratio Rank: 55
NXDT Calmar Ratio Rank: 59
NXDT Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBL vs. NXDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CBL & Associates Properties, Inc. (CBL) and NexPoint Strategic Opportunities Fund (NXDT). 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.

	CBL	NXDT	Difference
Sharpe ratio Return per unit of total volatility	1.85	0.56	+1.29
Sortino ratio Return per unit of downside risk	2.43	1.21	+1.21
Omega ratio Gain probability vs. loss probability	1.32	1.14	+0.18
Calmar ratio Return relative to maximum drawdown	3.04	0.81	+2.22
Martin ratio Return relative to average drawdown	8.68	1.82	+6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBL vs. NXDT - Sharpe Ratio Comparison

The current CBL Sharpe Ratio is 1.85, which is higher than the NXDT Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of CBL and NXDT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CBL	NXDT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	0.56	+1.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	-0.36	+0.83

Correlation

The correlation between CBL and NXDT is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CBL vs. NXDT - Dividend Comparison

CBL's dividend yield for the trailing twelve months is around 4.44%, less than NXDT's 13.42% yield.

	TTM	2025	2024	2023	2022	2021
CBL CBL & Associates Properties, Inc.	4.44%	6.76%	5.44%	6.14%	12.78%	0.00%
NXDT NexPoint Strategic Opportunities Fund	13.42%	15.67%	9.84%	7.55%	5.35%	0.74%

Drawdowns

CBL vs. NXDT - Drawdown Comparison

The maximum CBL drawdown since its inception was -34.02%, smaller than the maximum NXDT drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for CBL and NXDT.

Drawdown Indicators

	CBL	NXDT	Difference
Max Drawdown Largest peak-to-trough decline	-34.02%	-79.33%	+45.31%
Max Drawdown (1Y) Largest decline over 1 year	-17.79%	-46.65%	+28.86%
Current Drawdown Current decline from peak	0.00%	-62.61%	+62.61%
Average Drawdown Average peak-to-trough decline	-12.94%	-44.49%	+31.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.23%	20.90%	-14.67%

Volatility

CBL vs. NXDT - Volatility Comparison

The current volatility for CBL & Associates Properties, Inc. (CBL) is 7.83%, while NexPoint Strategic Opportunities Fund (NXDT) has a volatility of 17.13%. This indicates that CBL experiences smaller price fluctuations and is considered to be less risky than NXDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBL	NXDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.83%	17.13%	-9.30%
Volatility (6M) Calculated over the trailing 6-month period	19.04%	50.01%	-30.97%
Volatility (1Y) Calculated over the trailing 1-year period	29.30%	65.55%	-36.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.76%	45.03%	-13.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.76%	45.03%	-13.27%

Financials