NREF vs. ^GSPC
Compare and contrast key facts about NexPoint Real Estate Finance, Inc. (NREF) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NREF or ^GSPC.
Correlation
The correlation between NREF and ^GSPC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NREF vs. ^GSPC - Performance Comparison
Key characteristics
NREF:
0.81
^GSPC:
1.62
NREF:
1.31
^GSPC:
2.20
NREF:
1.17
^GSPC:
1.30
NREF:
0.78
^GSPC:
2.46
NREF:
3.73
^GSPC:
10.01
NREF:
7.09%
^GSPC:
2.08%
NREF:
32.62%
^GSPC:
12.88%
NREF:
-66.09%
^GSPC:
-56.78%
NREF:
-12.40%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, NREF achieves a -0.89% return, which is significantly lower than ^GSPC's 2.24% return.
NREF
-0.89%
3.32%
5.69%
29.05%
7.91%
N/A
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
NREF vs. ^GSPC — Risk-Adjusted Performance Rank
NREF
^GSPC
NREF vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Real Estate Finance, Inc. (NREF) and S&P 500 (^GSPC). 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.
Drawdowns
NREF vs. ^GSPC - Drawdown Comparison
The maximum NREF drawdown since its inception was -66.09%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NREF and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NREF vs. ^GSPC - Volatility Comparison
NexPoint Real Estate Finance, Inc. (NREF) has a higher volatility of 4.35% compared to S&P 500 (^GSPC) at 3.43%. This indicates that NREF's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.