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.
Key characteristics
NREF | ^GSPC | |
---|---|---|
YTD Return | -7.12% | 11.18% |
1Y Return | 18.12% | 26.33% |
3Y Return (Ann) | 1.22% | 8.72% |
Sharpe Ratio | 0.55 | 2.38 |
Daily Std Dev | 35.65% | 11.54% |
Max Drawdown | -66.11% | -56.78% |
Current Drawdown | -27.67% | -0.09% |
Correlation
The correlation between NREF and ^GSPC is 0.35, 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
In the year-to-date period, NREF achieves a -7.12% return, which is significantly lower than ^GSPC's 11.18% 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
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 -66.11%, 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 6.57% compared to S&P 500 (^GSPC) at 3.36%. 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.