NBRFX vs. GURIX
NBRFX (Neuberger Berman Real Estate Fund) and GURIX (Guggenheim Risk Managed Real Estate Fund) are both REIT funds. Over the past 10 years, NBRFX returned 6.67%/yr vs 7.73%/yr for GURIX. With a 0.96 correlation, they move nearly in lockstep. NBRFX charges 1.39%/yr vs 1.10%/yr for GURIX.
Performance
NBRFX vs. GURIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NBRFX having a 14.74% return and GURIX slightly higher at 15.30%. Over the past 10 years, NBRFX has underperformed GURIX with an annualized return of 6.67%, while GURIX has yielded a comparatively higher 7.73% annualized return.
NBRFX
- 1D
- -0.26%
- 1M
- 0.01%
- YTD
- 14.74%
- 6M
- 14.57%
- 1Y
- 12.77%
- 3Y*
- 10.35%
- 5Y*
- 2.86%
- 10Y*
- 6.67%
GURIX
- 1D
- 0.08%
- 1M
- 1.01%
- YTD
- 15.30%
- 6M
- 14.80%
- 1Y
- 17.11%
- 3Y*
- 11.74%
- 5Y*
- 4.09%
- 10Y*
- 7.73%
NBRFX vs. GURIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 14.74% | -2.14% | 5.02% | 11.70% | -27.35% | 47.87% | -1.34% | 31.06% | -5.31% | 11.59% |
GURIX Guggenheim Risk Managed Real Estate Fund | 15.30% | 2.04% | 4.96% | 13.01% | -23.81% | 42.07% | 1.76% | 25.54% | -3.97% | 10.22% |
Correlation
The correlation between NBRFX and GURIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.96 |
The correlation between NBRFX and GURIX has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
NBRFX vs. GURIX — Risk / Return Rank
NBRFX
GURIX
NBRFX vs. GURIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Real Estate Fund (NBRFX) and Guggenheim Risk Managed Real Estate Fund (GURIX). 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.
| NBRFX | GURIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.78 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.62 | 5.94 | -2.32 |
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Drawdowns
NBRFX vs. GURIX - Drawdown Comparison
The maximum NBRFX drawdown since its inception was -70.52%, which is greater than GURIX's maximum drawdown of -33.32%. Use the drawdown chart below to compare losses from any high point for NBRFX and GURIX.
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Drawdown Indicators
| NBRFX | GURIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.52% | -33.32% | -37.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -8.07% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -16.62% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -35.60% | -30.30% | -5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -37.56% | -33.32% | -4.24% |
Current DrawdownCurrent decline from peak | -4.32% | -0.46% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -11.80% | -7.87% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.45% | +0.41% |
Volatility
NBRFX vs. GURIX - Volatility Comparison
Neuberger Berman Real Estate Fund (NBRFX) and Guggenheim Risk Managed Real Estate Fund (GURIX) have volatilities of 5.27% and 5.16%, 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.
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Volatility by Period
| NBRFX | GURIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 5.16% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.36% | 9.76% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.70% | 13.17% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 17.27% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 18.04% | +2.35% |
NBRFX vs. GURIX - Expense Ratio Comparison
NBRFX has a 1.39% expense ratio, which is higher than GURIX's 1.10% expense ratio.
Dividends
NBRFX vs. GURIX - Dividend Comparison
NBRFX's dividend yield for the trailing twelve months is around 1.63%, which matches GURIX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GURIX Guggenheim Risk Managed Real Estate Fund | 1.62% | 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 | 1.63% | 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
With a correlation of 0.96, NBRFX and GURIX 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.
NBRFX has higher volatility (5.27%) compared to GURIX (5.16%). In terms of maximum drawdown, NBRFX dropped -70.52% vs GURIX's -33.32%.
GURIX currently has the higher Sharpe Ratio (1.09 vs 0.75), 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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