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:
0.64
^GSPC:
1.74
NREF:
1.09
^GSPC:
2.35
NREF:
1.14
^GSPC:
1.32
NREF:
0.62
^GSPC:
2.61
NREF:
2.95
^GSPC:
10.66
NREF:
7.07%
^GSPC:
2.08%
NREF:
32.84%
^GSPC:
12.77%
NREF:
-66.09%
^GSPC:
-56.78%
NREF:
-11.50%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, NREF achieves a 0.13% return, which is significantly lower than ^GSPC's 4.46% return.
NREF
0.13%
0.26%
8.02%
27.77%
8.15%
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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 6.49% compared to S&P 500 (^GSPC) at 3.07%. 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.