NNN vs. BNL
NNN (NNN REIT, Inc.) and BNL (Broadstone Net Lease, Inc.) are both stocks. Both are in the Real Estate sector — NNN in REIT - Retail, BNL in REIT - Diversified. Over the past 5 years, NNN returned 4.92%/yr vs 4.00%/yr for BNL. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
NNN vs. BNL - Performance Comparison
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Returns By Period
In the year-to-date period, NNN achieves a 20.73% return, which is significantly lower than BNL's 28.17% return.
NNN
- 1D
- -0.81%
- 1M
- 1.13%
- 6M
- 16.16%
- YTD
- 20.73%
- 1Y
- 14.88%
- 3Y*
- 9.03%
- 5Y*
- 4.92%
- 10Y*
- 3.84%
BNL
- 1D
- -1.10%
- 1M
- 4.65%
- 6M
- 22.26%
- YTD
- 28.17%
- 1Y
- 45.09%
- 3Y*
- 20.00%
- 5Y*
- 4.00%
- 10Y*
- —
NNN vs. BNL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NNN NNN REIT, Inc. | 20.73% | 2.81% | -0.06% | -0.60% | -0.01% | 17.01% |
BNL Broadstone Net Lease, Inc. | 28.17% | 17.27% | -1.08% | 14.00% | -30.75% | 39.13% |
Correlation
The correlation between NNN and BNL is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2021 | 0.67 |
The correlation between NNN and BNL has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.
Fundamentals
NNN:
$8.85B
BNL:
$4.14B
NNN:
$2.05
BNL:
$0.41
NNN:
22.70
BNL:
52.39
NNN:
9.39
BNL:
9.15
NNN:
2.00
BNL:
1.49
NNN:
$935.78M
BNL:
$468.77M
NNN:
$761.54M
BNL:
$80.71M
NNN:
$870.06M
BNL:
$332.30M
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Return for Risk
NNN vs. BNL — Risk / Return Rank
NNN
BNL
NNN vs. BNL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NNN REIT, Inc. (NNN) and Broadstone Net Lease, Inc. (BNL). 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.
| NNN | BNL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.42 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 5.43 | -3.74 |
| Martin ratioReturn relative to average drawdown | 3.88 | 13.83 | -9.95 |
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Drawdowns
NNN vs. BNL - Drawdown Comparison
The maximum NNN drawdown since its inception was -56.17%, which is greater than BNL's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for NNN and BNL.
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Drawdown Indicators
| NNN | BNL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.17% | -43.56% | -12.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -8.34% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.03% | -19.51% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.22% | -43.56% | +18.34% |
Max Drawdown (10Y)Largest decline over 10 years | -54.99% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -1.10% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -22.32% | +12.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 3.27% | +0.58% |
Volatility
NNN vs. BNL - Volatility Comparison
NNN REIT, Inc. (NNN) has a higher volatility of 6.08% compared to Broadstone Net Lease, Inc. (BNL) at 5.72%. This indicates that NNN's price experiences larger fluctuations and is considered to be riskier than BNL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NNN | BNL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 5.72% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.15% | 13.59% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 18.46% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 22.98% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 23.01% | +5.09% |
Dividends
NNN vs. BNL - Dividend Comparison
NNN's dividend yield for the trailing twelve months is around 5.16%, less than BNL's 5.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNL Broadstone Net Lease, Inc. | 5.39% | 6.68% | 7.28% | 6.50% | 6.66% | 4.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NNN NNN REIT, Inc. | 5.16% | 5.96% | 5.61% | 5.17% | 4.72% | 4.37% | 5.06% | 3.79% | 4.02% | 4.31% | 4.03% | 4.27% |
Financials
NNN vs. BNL - Financials Comparison
This section allows you to compare key financial metrics between NNN REIT, Inc. and Broadstone Net Lease, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NNN vs. BNL - Profitability Comparison
NNN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a gross profit of 230.63M and revenue of 240.42M. Therefore, the gross margin over that period was 95.9%.
BNL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Broadstone Net Lease, Inc. reported a gross profit of 0.00 and revenue of 121.40M. Therefore, the gross margin over that period was 0.0%.
NNN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported an operating income of 146.65M and revenue of 240.42M, resulting in an operating margin of 61.0%.
BNL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Broadstone Net Lease, Inc. reported an operating income of 0.00 and revenue of 121.40M, resulting in an operating margin of 0.0%.
NNN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NNN REIT, Inc. reported a net income of 93.95M and revenue of 240.42M, resulting in a net margin of 39.1%.
BNL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Broadstone Net Lease, Inc. reported a net income of -27.00K and revenue of 121.40M, resulting in a net margin of -0.0%.
Frequently Asked Questions
NNN and BNL have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NNN has higher volatility (6.08%) compared to BNL (5.72%). In terms of maximum drawdown, NNN dropped -56.17% vs BNL's -43.56%.
BNL currently has the higher Sharpe Ratio (2.46 vs 0.87), 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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