GURIX vs. NBRFX

Last updated Aug 1, 2026

GURIX (Guggenheim Risk Managed Real Estate Fund) and NBRFX (Neuberger Berman Real Estate Fund) are both REIT funds. Over the past 10 years, GURIX returned 7.29%/yr vs 5.99%/yr for NBRFX. Their 0.96 correlation means they have historically moved very closely together. GURIX charges 1.10%/yr vs 1.39%/yr for NBRFX.

Performance

GURIX vs. NBRFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Risk Managed Real Estate Fund (GURIX) and Neuberger Berman Real Estate Fund (NBRFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GURIX achieves a 18.39% return, which is significantly higher than NBRFX's 16.55% return. Over the past 10 years, GURIX has outperformed NBRFX with an annualized return of 7.29%, while NBRFX has yielded a comparatively lower 5.99% annualized return.

GURIX

• 1D: -1.15%
• 1M: 0.96%
• 6M: 15.05%
• YTD: 18.39%
• 1Y: 21.92%
• 3Y*: 10.44%
• 5Y*: 4.15%
• 10Y*: 7.29%
• ALL TIME*: 7.71%

NBRFX

• 1D: -1.28%
• 1M: 0.92%
• 6M: 14.24%
• YTD: 16.55%
• 1Y: 16.51%
• 3Y*: 8.71%
• 5Y*: 2.54%
• 10Y*: 5.99%
• ALL TIME*: 8.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GURIX Guggenheim Risk Managed Real Estate Fund	$0.00	$0.00	$0.00
NBRFX Neuberger Berman Real Estate Fund	$0.00	$0.00	$0.00

GURIX vs. NBRFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GURIX Guggenheim Risk Managed Real Estate Fund	18.39%	2.04%	4.96%	13.01%	-23.81%	42.07%	1.76%	25.54%	-3.97%	10.22%
NBRFX Neuberger Berman Real Estate Fund	16.55%	-2.14%	5.02%	11.70%	-27.35%	47.87%	-1.34%	31.06%	-5.31%	11.59%

Correlation

The correlation between GURIX and NBRFX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.96

The correlation between GURIX and NBRFX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

GURIX vs. NBRFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GURIX

GURIX Risk / Return Rank: 61
GURIX Sharpe Ratio Rank: 59
GURIX Sortino Ratio Rank: 55
GURIX Omega Ratio Rank: 54
GURIX Calmar Ratio Rank: 73
GURIX Martin Ratio Rank: 67

NBRFX

NBRFX Risk / Return Rank: 38
NBRFX Sharpe Ratio Rank: 33
NBRFX Sortino Ratio Rank: 32
NBRFX Omega Ratio Rank: 32
NBRFX Calmar Ratio Rank: 51
NBRFX Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GURIX vs. NBRFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Risk Managed Real Estate Fund (GURIX) and Neuberger Berman Real Estate Fund (NBRFX). 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.

	GURIX	NBRFX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.07	+0.40
Sortino ratio: Return per unit of downside risk	2.07	1.54	+0.53
Omega ratio: Gain probability vs. loss probability	1.26	1.19	+0.07
Calmar ratio: Return relative to maximum drawdown	2.43	1.89	+0.53
Martin ratio: Return relative to average drawdown	8.47	5.75	+2.72

GURIX vs. NBRFX - Sharpe Ratio Comparison

The current GURIX Sharpe Ratio is 1.48, which is higher than the NBRFX Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of GURIX and NBRFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GURIX vs. NBRFX - Drawdown Comparison

The maximum GURIX drawdown since its inception was -33.32%, smaller than the maximum NBRFX drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for GURIX and NBRFX.

Drawdown Indicators

	GURIX	NBRFX	Difference
Max Drawdown Largest peak-to-trough decline	-33.32%	-70.52%	+37.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-7.84%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-16.62%	-18.06%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-30.30%	-35.60%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	-33.32%	-37.56%	+4.24%
Current Drawdown Current decline from peak	-2.18%	-2.81%	+0.63%
Average Drawdown Average peak-to-trough decline	-7.81%	-11.76%	+3.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	2.64%	-0.32%

Volatility

GURIX vs. NBRFX - Volatility Comparison

Guggenheim Risk Managed Real Estate Fund (GURIX) and Neuberger Berman Real Estate Fund (NBRFX) have volatilities of 4.34% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GURIX	NBRFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	4.43%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	10.89%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.35%	13.90%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	19.88%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	20.41%	-2.34%

GURIX vs. NBRFX - Expense Ratio Comparison

GURIX has a 1.10% expense ratio, which is lower than NBRFX's 1.39% expense ratio.

Dividends

GURIX vs. NBRFX - Dividend Comparison

GURIX's dividend yield for the trailing twelve months is around 2.02%, more than NBRFX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GURIX Guggenheim Risk Managed Real Estate Fund	2.02%	2.40%	5.18%	3.07%	6.79%	5.60%	7.81%	6.25%	3.05%	5.37%	4.52%	16.81%
NBRFX Neuberger Berman Real Estate Fund	1.61%	2.07%	1.94%	2.11%	12.58%	7.76%	2.03%	4.73%	6.98%	6.43%	14.86%	9.29%

Frequently Asked Questions

Can I hold both GURIX and NBRFX in my portfolio?

With a correlation of 0.95, GURIX and NBRFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GURIX or NBRFX?

NBRFX has higher volatility (4.43%) compared to GURIX (4.34%). In terms of maximum drawdown, GURIX dropped -33.32% vs NBRFX's -70.52%.

Which has better risk-adjusted returns?

GURIX currently has the higher Sharpe Ratio (1.48 vs 1.07), 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.