JRI vs. NRO
JRI (Nuveen Real Asset Income and Growth Fund) 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, JRI returned 7.07%/yr vs 4.98%/yr for NRO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
JRI vs. NRO - Performance Comparison
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Returns By Period
In the year-to-date period, JRI achieves a -0.37% return, which is significantly lower than NRO's 3.57% return. Over the past 10 years, JRI has outperformed NRO with an annualized return of 7.07%, while NRO has yielded a comparatively lower 4.98% annualized return.
JRI
- 1D
- -0.23%
- 1M
- 2.81%
- YTD
- -0.37%
- 6M
- -0.05%
- 1Y
- 10.67%
- 3Y*
- 16.99%
- 5Y*
- 5.46%
- 10Y*
- 7.07%
NRO
- 1D
- 0.00%
- 1M
- 1.53%
- YTD
- 3.57%
- 6M
- 7.51%
- 1Y
- 4.76%
- 3Y*
- 13.87%
- 5Y*
- 0.76%
- 10Y*
- 4.98%
JRI vs. NRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRI Nuveen Real Asset Income and Growth Fund | -0.37% | 26.76% | 16.27% | 10.08% | -20.87% | 29.19% | -19.47% | 45.67% | -17.12% | 21.71% |
NRO Neuberger Berman Real Estate Securities Income Fund | 3.57% | 0.85% | 23.87% | 15.24% | -35.04% | 29.26% | -10.88% | 47.57% | -16.37% | 13.29% |
Correlation
The correlation between JRI and NRO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2012 | 0.54 |
The correlation between JRI and NRO shifts across timeframes, from 0.50 (1 year) to 0.67 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JRI vs. NRO — Risk / Return Rank
JRI
NRO
JRI vs. NRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Asset Income and Growth Fund (JRI) 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.
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.
| JRI | NRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.36 | +0.46 |
| Martin ratioReturn relative to average drawdown | 2.97 | 0.96 | +2.02 |
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Drawdowns
JRI vs. NRO - Drawdown Comparison
The maximum JRI drawdown since its inception was -60.74%, smaller than the maximum NRO drawdown of -92.91%. Use the drawdown chart below to compare losses from any high point for JRI and NRO.
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Drawdown Indicators
| JRI | NRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.74% | -92.91% | +32.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -11.61% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -24.78% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | -42.35% | +12.95% |
Max Drawdown (10Y)Largest decline over 10 years | -60.74% | -62.59% | +1.85% |
Current DrawdownCurrent decline from peak | -2.59% | -8.20% | +5.61% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -27.18% | +18.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 4.31% | -0.79% |
Volatility
JRI vs. NRO - Volatility Comparison
Nuveen Real Asset Income and Growth Fund (JRI) has a higher volatility of 7.00% compared to Neuberger Berman Real Estate Securities Income Fund (NRO) at 4.92%. This indicates that JRI'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
| JRI | NRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 4.92% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 10.67% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 13.88% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 21.61% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.30% | 26.36% | -5.06% |
Dividends
JRI vs. NRO - Dividend Comparison
JRI's dividend yield for the trailing twelve months is around 12.46%, which matches NRO's 12.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRI Nuveen Real Asset Income and Growth Fund | 11.42% | 11.77% | 11.83% | 9.18% | 9.90% | 7.18% | 9.06% | 7.05% | 9.33% | 7.21% | 8.57% | 10.33% |
NRO Neuberger Berman Real Estate Securities Income Fund | 12.52% | 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
JRI and NRO 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.
JRI has higher volatility (7.00%) compared to NRO (4.92%). In terms of maximum drawdown, JRI dropped -60.74% vs NRO's -92.91%.
JRI currently has the higher Sharpe Ratio (0.71 vs 0.30), 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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