FBRT vs. NREF
FBRT (Franklin BSP Realty 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 3 years, FBRT returned -6.24%/yr vs 15.74%/yr for NREF. At a 0.47 correlation, their price movements are largely independent.
Performance
FBRT vs. NREF - Performance Comparison
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Returns By Period
In the year-to-date period, FBRT achieves a -13.93% return, which is significantly lower than NREF's 13.03% return.
FBRT
- 1D
- 2.80%
- 1M
- -2.88%
- YTD
- -13.93%
- 6M
- -15.70%
- 1Y
- -11.63%
- 3Y*
- -6.24%
- 5Y*
- —
- 10Y*
- —
NREF
- 1D
- 1.85%
- 1M
- 0.42%
- YTD
- 13.03%
- 6M
- 12.00%
- 1Y
- 24.59%
- 3Y*
- 15.74%
- 5Y*
- 6.79%
- 10Y*
- —
FBRT vs. NREF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBRT Franklin BSP Realty Trust, Inc. | -13.93% | -9.17% | 3.73% | 16.56% | -3.86% | -10.46% |
NREF NexPoint Real Estate Finance, Inc. | 13.03% | 2.28% | 13.51% | 17.36% | -8.90% | -7.70% |
Correlation
The correlation between FBRT and NREF is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.47 |
The correlation between FBRT and NREF has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.
Fundamentals
FBRT:
$673.78M
NREF:
$765.15M
FBRT:
$0.71
NREF:
$2.26
FBRT:
11.84
NREF:
6.59
FBRT:
2.06
NREF:
4.39
FBRT:
0.52
NREF:
1.97
FBRT:
$411.64M
NREF:
$155.54M
FBRT:
$228.04M
NREF:
$132.51M
FBRT:
$218.28M
NREF:
$152.30M
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Return for Risk
FBRT vs. NREF — Risk / Return Rank
FBRT
NREF
FBRT vs. NREF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin BSP Realty Trust, Inc. (FBRT) 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.
| FBRT | NREF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.91 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.99 | 4.83 | -5.82 |
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Drawdowns
FBRT vs. NREF - Drawdown Comparison
The maximum FBRT drawdown since its inception was -31.30%, smaller than the maximum NREF drawdown of -66.09%. Use the drawdown chart below to compare losses from any high point for FBRT and NREF.
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Drawdown Indicators
| FBRT | NREF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.30% | -66.09% | +34.79% |
Max Drawdown (1Y)Largest decline over 1 year | -23.51% | -12.92% | -10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -30.02% | -24.00% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.78% | — |
Current DrawdownCurrent decline from peak | -27.65% | -3.98% | -23.67% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -16.75% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 5.10% | +6.72% |
Volatility
FBRT vs. NREF - Volatility Comparison
Franklin BSP Realty Trust, Inc. (FBRT) has a higher volatility of 9.11% compared to NexPoint Real Estate Finance, Inc. (NREF) at 6.62%. This indicates that FBRT'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
| FBRT | NREF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 6.62% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 23.56% | 17.32% | +6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.62% | 24.64% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.53% | 33.29% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.53% | 45.65% | -17.12% |
Dividends
FBRT vs. NREF - Dividend Comparison
FBRT's dividend yield for the trailing twelve months is around 15.01%, more than NREF's 13.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FBRT Franklin BSP Realty Trust, Inc. | 15.01% | 14.16% | 11.32% | 10.51% | 11.01% | 1.91% | 0.00% |
NREF NexPoint Real Estate Finance, Inc. | 13.45% | 14.20% | 12.75% | 17.40% | 12.59% | 9.87% | 8.59% |
Financials
FBRT vs. NREF - Financials Comparison
This section allows you to compare key financial metrics between Franklin BSP Realty 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
Frequently Asked Questions
FBRT and NREF have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBRT has higher volatility (9.11%) compared to NREF (6.62%). In terms of maximum drawdown, FBRT dropped -31.30% vs NREF's -66.09%.
NREF currently has the higher Sharpe Ratio (1.00 vs -0.44), 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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