NREF vs. LADR
NREF (NexPoint Real Estate Finance, Inc.) and LADR (Ladder Capital Corp) are both stocks. Both operate in the REIT - Mortgage industry within the Real Estate sector. Over the past 5 years, NREF returned 6.79%/yr vs 5.71%/yr for LADR. At a 0.43 correlation, their price movements are largely independent.
Performance
NREF vs. LADR - Performance Comparison
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Returns By Period
In the year-to-date period, NREF achieves a 13.03% return, which is significantly higher than LADR's -4.97% return.
NREF
- 1D
- 1.85%
- 1M
- 0.42%
- YTD
- 13.03%
- 6M
- 12.00%
- 1Y
- 24.59%
- 3Y*
- 15.74%
- 5Y*
- 6.79%
- 10Y*
- —
LADR
- 1D
- 0.89%
- 1M
- 1.90%
- YTD
- -4.97%
- 6M
- -6.32%
- 1Y
- 4.88%
- 3Y*
- 7.11%
- 5Y*
- 5.71%
- 10Y*
- 6.25%
NREF vs. LADR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NREF NexPoint Real Estate Finance, Inc. | 13.03% | 2.28% | 13.51% | 17.36% | -8.90% | 27.81% | -3.83% |
LADR Ladder Capital Corp | -4.97% | 6.69% | 5.53% | 25.22% | -8.95% | 31.28% | -42.68% |
Correlation
The correlation between NREF and LADR is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2020 | 0.43 |
The correlation between NREF and LADR has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
Fundamentals
NREF:
$765.15M
LADR:
$1.29B
NREF:
$2.26
LADR:
$0.44
NREF:
6.59
LADR:
23.39
NREF:
0.06
LADR:
1.11
NREF:
4.39
LADR:
3.21
NREF:
1.97
LADR:
0.89
NREF:
$155.54M
LADR:
$400.28M
NREF:
$132.51M
LADR:
$284.72M
NREF:
$152.30M
LADR:
$276.22M
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Return for Risk
NREF vs. LADR — Risk / Return Rank
NREF
LADR
NREF vs. LADR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NexPoint Real Estate Finance, Inc. (NREF) and Ladder Capital Corp (LADR). 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.
| NREF | LADR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.33 | +1.58 |
| Martin ratioReturn relative to average drawdown | 4.83 | 0.73 | +4.10 |
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Drawdowns
NREF vs. LADR - Drawdown Comparison
The maximum NREF drawdown since its inception was -66.09%, smaller than the maximum LADR drawdown of -81.63%. Use the drawdown chart below to compare losses from any high point for NREF and LADR.
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Drawdown Indicators
| NREF | LADR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.09% | -81.63% | +15.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -14.68% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.00% | -20.22% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -44.78% | -26.97% | -17.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.63% | — |
Current DrawdownCurrent decline from peak | -3.98% | -9.32% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -18.28% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 6.66% | -1.56% |
Volatility
NREF vs. LADR - Volatility Comparison
NexPoint Real Estate Finance, Inc. (NREF) has a higher volatility of 6.62% compared to Ladder Capital Corp (LADR) at 5.72%. This indicates that NREF's price experiences larger fluctuations and is considered to be riskier than LADR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NREF | LADR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.62% | 5.72% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 17.32% | 14.53% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 18.39% | +6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.29% | 24.76% | +8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.65% | 48.24% | -2.59% |
Dividends
NREF vs. LADR - Dividend Comparison
NREF's dividend yield for the trailing twelve months is around 13.45%, more than LADR's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LADR Ladder Capital Corp | 9.02% | 8.37% | 8.22% | 7.99% | 8.76% | 6.67% | 9.61% | 7.54% | 9.92% | 8.91% | 9.37% | 17.91% |
NREF NexPoint Real Estate Finance, Inc. | 13.45% | 14.20% | 12.75% | 17.40% | 12.59% | 9.87% | 8.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NREF vs. LADR - Financials Comparison
This section allows you to compare key financial metrics between NexPoint Real Estate Finance, Inc. and Ladder Capital Corp. 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
NREF vs. LADR - Profitability Comparison
NREF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported a gross profit of 41.79M and revenue of 41.79M. Therefore, the gross margin over that period was 100.0%.
LADR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported a gross profit of 73.11M and revenue of 103.34M. Therefore, the gross margin over that period was 70.8%.
NREF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported an operating income of 31.79M and revenue of 41.79M, resulting in an operating margin of 76.1%.
LADR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported an operating income of 54.63M and revenue of 103.34M, resulting in an operating margin of 52.9%.
NREF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NexPoint Real Estate Finance, Inc. reported a net income of 20.27M and revenue of 41.79M, resulting in a net margin of 48.5%.
LADR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ladder Capital Corp reported a net income of 2.61M and revenue of 103.34M, resulting in a net margin of 2.5%.
Frequently Asked Questions
NREF and LADR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NREF has higher volatility (6.62%) compared to LADR (5.72%). In terms of maximum drawdown, NREF dropped -66.09% vs LADR's -81.63%.
NREF currently has the higher Sharpe Ratio (1.00 vs 0.27), 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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