NRO vs. RA
NRO (Neuberger Berman Real Estate Securities Income Fund) and RA (Brookfield Real Assets Income Fund Inc.) are both mutual funds - NRO is a REIT fund actively managed by Neuberger Berman, while RA is a Multisector Bonds fund managed by Brookfield. Over the past 5 years, NRO returned 0.94%/yr vs 0.72%/yr for RA. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
NRO vs. RA - Performance Comparison
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Returns By Period
In the year-to-date period, NRO achieves a 6.81% return, which is significantly higher than RA's 5.38% return.
NRO
- 1D
- -0.66%
- 1M
- -1.26%
- 6M
- 7.85%
- YTD
- 6.81%
- 1Y
- 5.63%
- 3Y*
- 12.43%
- 5Y*
- 0.94%
- 10Y*
- 4.34%
- ALL TIME*
- 3.99%
RA
- 1D
- 0.31%
- 1M
- 0.14%
- 6M
- 3.94%
- YTD
- 5.38%
- 1Y
- 8.00%
- 3Y*
- 1.61%
- 5Y*
- 0.72%
- 10Y*
- —
- ALL TIME*
- 6.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $782.35K | $1.08M | $899.31K | |
| $1.63M | $1.68M | $1.92M |
NRO vs. RA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRO Neuberger Berman Real Estate Securities Income Fund | 6.81% | 0.85% | 23.87% | 15.24% | -35.04% | 29.26% | -10.88% | 47.57% | -16.37% | 13.29% |
RA Brookfield Real Assets Income Fund Inc. | 5.38% | 8.32% | 15.87% | -9.02% | -13.47% | 32.35% | -4.17% | 24.89% | -9.15% | 15.99% |
Correlation
The correlation between NRO and RA is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2016 | 0.37 |
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Return for Risk
NRO vs. RA — Risk / Return Rank
NRO
RA
NRO vs. RA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Real Estate Securities Income Fund (NRO) and Brookfield Real Assets Income Fund Inc. (RA). 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.
| NRO | RA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 1.17 | -0.66 |
| Martin ratioReturn relative to average drawdown | 1.38 | 3.15 | -1.77 |
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Drawdowns
NRO vs. RA - Drawdown Comparison
The maximum NRO drawdown since its inception was -92.91%, which is greater than RA's maximum drawdown of -50.66%. Use the drawdown chart below to compare losses from any high point for NRO and RA.
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Drawdown Indicators
| NRO | RA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.91% | -50.66% | -42.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -6.73% | -4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -28.42% | +3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -42.35% | -30.83% | -11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -62.59% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -1.31% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -27.06% | -7.98% | -19.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.49% | +1.84% |
Volatility
NRO vs. RA - Volatility Comparison
Neuberger Berman Real Estate Securities Income Fund (NRO) has a higher volatility of 4.35% compared to Brookfield Real Assets Income Fund Inc. (RA) at 1.80%. This indicates that NRO's price experiences larger fluctuations and is considered to be riskier than RA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRO | RA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 1.80% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 6.91% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 8.31% | +6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 17.53% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.40% | 20.50% | +5.90% |
Dividends
NRO vs. RA - Dividend Comparison
NRO's dividend yield for the trailing twelve months is around 12.40%, more than RA's 11.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRO Neuberger Berman Real Estate Securities Income Fund | 12.40% | 12.27% | 10.55% | 11.74% | 11.96% | 7.10% | 10.88% | 8.60% | 12.77% | 9.31% | 7.64% | 7.19% |
RA Brookfield Real Assets Income Fund Inc. | 11.05% | 10.93% | 10.63% | 16.74% | 14.79% | 11.31% | 13.39% | 11.19% | 12.52% | 10.22% | 0.89% | 0.00% |
Frequently Asked Questions
NRO and RA have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRO has higher volatility (4.35%) compared to RA (1.80%). In terms of maximum drawdown, NRO dropped -92.91% vs RA's -50.66%.
RA currently has the higher Sharpe Ratio (0.95 vs 0.40), 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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