NBRFX vs. XLRE
Compare and contrast key facts about Neuberger Berman Real Estate Fund (NBRFX) and Real Estate Select Sector SPDR Fund (XLRE).
NBRFX is managed by Neuberger Berman. It was launched on May 1, 2002. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NBRFX or XLRE.
Key characteristics
| NBRFX | XLRE | |
|---|---|---|
| YTD Return | 13.88% | 13.91% |
| 1Y Return | 28.50% | 28.14% |
| 3Y Return (Ann) | 1.04% | 1.93% |
| 5Y Return (Ann) | 5.33% | 6.18% |
| Sharpe Ratio | 1.53 | 1.49 |
| Daily Std Dev | 18.22% | 18.38% |
| Max Drawdown | -68.51% | -38.83% |
| Current Drawdown | -7.58% | -5.59% |
Correlation
The correlation between NBRFX and XLRE is 0.98, 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.
Performance
NBRFX vs. XLRE - Performance Comparison
The year-to-date returns for both investments are quite close, with NBRFX having a 13.88% return and XLRE slightly higher at 13.91%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NBRFX vs. XLRE - Expense Ratio Comparison
NBRFX has a 1.39% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Risk-Adjusted Performance
NBRFX vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Real Estate Fund (NBRFX) and Real Estate Select Sector SPDR Fund (XLRE). 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.
Dividends
NBRFX vs. XLRE - Dividend Comparison
NBRFX's dividend yield for the trailing twelve months is around 1.80%, less than XLRE's 2.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBRFX Neuberger Berman Real Estate Fund | 1.80% | 2.11% | 12.58% | 3.84% | 2.03% | 5.22% | 6.98% | 6.43% | 14.86% | 9.29% | 6.08% | 7.69% |
XLRE Real Estate Select Sector SPDR Fund | 2.39% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% | 0.00% |
Drawdowns
NBRFX vs. XLRE - Drawdown Comparison
The maximum NBRFX drawdown since its inception was -68.51%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for NBRFX and XLRE. For additional features, visit the drawdowns tool.
Volatility
NBRFX vs. XLRE - Volatility Comparison
The current volatility for Neuberger Berman Real Estate Fund (NBRFX) is 2.97%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 3.17%. This indicates that NBRFX experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.