NETL vs. O
Compare and contrast key facts about NETLease Corporate Real Estate ETF (NETL) and Realty Income Corporation (O).
NETL is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Fundamental Income Net Lease Real Estate Index. It was launched on Mar 22, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NETL or O.
Key characteristics
| NETL | O | |
|---|---|---|
| YTD Return | -3.92% | -2.90% |
| 1Y Return | 2.98% | -6.71% |
| 3Y Return (Ann) | -1.84% | -0.08% |
| 5Y Return (Ann) | 2.78% | 0.49% |
| Sharpe Ratio | 0.16 | -0.33 |
| Daily Std Dev | 18.81% | 19.55% |
| Max Drawdown | -51.50% | -48.45% |
| Current Drawdown | -17.48% | -19.78% |
Correlation
The correlation between NETL and O is 0.83, 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
NETL vs. O - Performance Comparison
In the year-to-date period, NETL achieves a -3.92% return, which is significantly lower than O's -2.90% return. 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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Risk-Adjusted Performance
NETL vs. O - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and Realty Income Corporation (O). 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
NETL vs. O - Dividend Comparison
NETL's dividend yield for the trailing twelve months is around 4.90%, less than O's 5.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NETL NETLease Corporate Real Estate ETF | 4.90% | 4.56% | 4.47% | 4.03% | 3.95% | 2.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
O Realty Income Corporation | 5.59% | 5.33% | 4.68% | 3.87% | 4.50% | 3.69% | 4.18% | 4.45% | 4.18% | 4.41% | 4.59% | 5.83% |
Drawdowns
NETL vs. O - Drawdown Comparison
The maximum NETL drawdown since its inception was -51.50%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for NETL and O. For additional features, visit the drawdowns tool.
Volatility
NETL vs. O - Volatility Comparison
NETLease Corporate Real Estate ETF (NETL) and Realty Income Corporation (O) have volatilities of 4.08% and 4.23%, 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.