NBRFX vs. FSREX
Compare and contrast key facts about Neuberger Berman Real Estate Fund (NBRFX) and Fidelity Series Real Estate Income Fund (FSREX).
NBRFX is managed by Neuberger Berman. It was launched on May 1, 2002. FSREX is managed by Fidelity. It was launched on Oct 20, 2011.
Performance
NBRFX vs. FSREX - Performance Comparison
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NBRFX vs. FSREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 3.76% | -2.14% | 5.02% | 11.70% | -27.35% | 47.87% | -1.34% | 31.06% | -5.31% | 11.59% |
FSREX Fidelity Series Real Estate Income Fund | -0.30% | 8.93% | 9.87% | 8.29% | -11.78% | 15.78% | 0.58% | 16.02% | -0.73% | 5.91% |
Returns By Period
In the year-to-date period, NBRFX achieves a 3.76% return, which is significantly higher than FSREX's -0.30% return. Both investments have delivered pretty close results over the past 10 years, with NBRFX having a 5.68% annualized return and FSREX not far behind at 5.44%.
NBRFX
- 1D
- 1.54%
- 1M
- -6.07%
- YTD
- 3.76%
- 6M
- 0.83%
- 1Y
- -0.18%
- 3Y*
- 5.21%
- 5Y*
- 3.03%
- 10Y*
- 5.68%
FSREX
- 1D
- 0.10%
- 1M
- -1.38%
- YTD
- -0.30%
- 6M
- 0.55%
- 1Y
- 5.89%
- 3Y*
- 8.37%
- 5Y*
- 4.48%
- 10Y*
- 5.44%
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NBRFX vs. FSREX - Expense Ratio Comparison
NBRFX has a 1.39% expense ratio, which is higher than FSREX's 0.00% expense ratio.
Return for Risk
NBRFX vs. FSREX — Risk / Return Rank
NBRFX
FSREX
NBRFX vs. FSREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Real Estate Fund (NBRFX) and Fidelity Series Real Estate Income Fund (FSREX). 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.
| NBRFX | FSREX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.01 | 2.03 | -2.04 |
Sortino ratioReturn per unit of downside risk | 0.10 | 2.80 | -2.70 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.07 | -2.01 |
Martin ratioReturn relative to average drawdown | 0.22 | 9.72 | -9.50 |
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
| NBRFX | FSREX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.03 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.94 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.69 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.94 | -0.63 |
Correlation
The correlation between NBRFX and FSREX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NBRFX vs. FSREX - Dividend Comparison
NBRFX's dividend yield for the trailing twelve months is around 1.95%, less than FSREX's 5.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 1.95% | 2.07% | 1.94% | 2.11% | 12.58% | 7.76% | 2.03% | 4.73% | 6.98% | 6.43% | 14.86% | 9.29% |
FSREX Fidelity Series Real Estate Income Fund | 5.68% | 5.64% | 6.05% | 7.43% | 9.99% | 3.58% | 6.24% | 6.62% | 5.87% | 5.49% | 5.22% | 4.33% |
Drawdowns
NBRFX vs. FSREX - Drawdown Comparison
The maximum NBRFX drawdown since its inception was -70.52%, which is greater than FSREX's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for NBRFX and FSREX.
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Drawdown Indicators
| NBRFX | FSREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.52% | -32.02% | -38.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -2.90% | -9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -15.22% | -20.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.56% | -32.02% | -5.54% |
Current DrawdownCurrent decline from peak | -13.47% | -1.67% | -11.80% |
Average DrawdownAverage peak-to-trough decline | -11.85% | -2.57% | -9.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.62% | +2.85% |
Volatility
NBRFX vs. FSREX - Volatility Comparison
Neuberger Berman Real Estate Fund (NBRFX) has a higher volatility of 4.22% compared to Fidelity Series Real Estate Income Fund (FSREX) at 1.07%. This indicates that NBRFX's price experiences larger fluctuations and is considered to be riskier than FSREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBRFX | FSREX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 1.07% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 1.66% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.00% | 3.02% | +12.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 4.80% | +14.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 7.89% | +12.45% |