NURE vs. FXAIX

Last updated Jul 14, 2026

NURE (Nuveen Short-Term REIT ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - NURE is a REIT fund tracking the Dow Jones U.S. Select Short-Term REIT Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, NURE returned 1.59%/yr vs 13.18%/yr for FXAIX. A 0.50 correlation means they provide meaningful diversification when combined. NURE charges 0.35%/yr vs 0.02%/yr for FXAIX.

Performance

NURE vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NURE achieves a 17.55% return, which is significantly higher than FXAIX's 11.06% return.

NURE

• 1D: 0.73%
• 1M: 1.03%
• 6M: 16.39%
• YTD: 17.55%
• 1Y: 12.40%
• 3Y*: 5.35%
• 5Y*: 1.59%
• 10Y*: —

FXAIX

• 1D: 0.16%
• 1M: 1.75%
• 6M: 8.91%
• YTD: 11.06%
• 1Y: 22.13%
• 3Y*: 21.00%
• 5Y*: 13.18%
• 10Y*: 15.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NURE vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NURE Nuveen Short-Term REIT ETF	17.55%	-7.51%	6.65%	13.09%	-28.48%	53.41%	-7.24%	25.10%	0.02%	8.41%
FXAIX Fidelity 500 Index Fund	11.06%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-4.43%	21.82%

Correlation

The correlation between NURE and FXAIX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016	0.50

Over the past year, the correlation between NURE and FXAIX has dropped to 0.22 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

NURE vs. FXAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NURE

NURE Risk / Return Rank: 27
NURE Sharpe Ratio Rank: 26
NURE Sortino Ratio Rank: 26
NURE Omega Ratio Rank: 24
NURE Calmar Ratio Rank: 34
NURE Martin Ratio Rank: 26

FXAIX

FXAIX Risk / Return Rank: 63
FXAIX Sharpe Ratio Rank: 61
FXAIX Sortino Ratio Rank: 57
FXAIX Omega Ratio Rank: 60
FXAIX Calmar Ratio Rank: 64
FXAIX Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NURE vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Fidelity 500 Index Fund (FXAIX). 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.

	NURE	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.74	-0.97
Sortino ratio: Return per unit of downside risk	1.20	2.40	-1.20
Omega ratio: Gain probability vs. loss probability	1.14	1.32	-0.18
Calmar ratio: Return relative to maximum drawdown	1.36	2.45	-1.09
Martin ratio: Return relative to average drawdown	2.83	10.77	-7.94

NURE vs. FXAIX - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 0.77, which is lower than the FXAIX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of NURE and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NURE vs. FXAIX - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for NURE and FXAIX.

Drawdown Indicators

	NURE	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-33.79%	-12.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-8.89%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-18.76%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-24.50%	-11.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-7.33%	-0.58%	-6.75%
Average Drawdown Average peak-to-trough decline	-12.25%	-3.78%	-8.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	2.02%	+2.37%

Volatility

NURE vs. FXAIX - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.69% compared to Fidelity 500 Index Fund (FXAIX) at 4.25%. This indicates that NURE's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NURE	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.25%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	9.95%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	12.52%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	17.01%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.75%	18.05%	+3.70%

NURE vs. FXAIX - Expense Ratio Comparison

NURE has a 0.35% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

NURE vs. FXAIX - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.06%, more than FXAIX's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXAIX Fidelity 500 Index Fund	0.78%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
NURE Nuveen Short-Term REIT ETF	4.06%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%	0.00%

Frequently Asked Questions

Can I hold both NURE and FXAIX in my portfolio?

NURE and FXAIX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or FXAIX?

NURE has higher volatility (4.69%) compared to FXAIX (4.25%). In terms of maximum drawdown, NURE dropped -46.05% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (1.74 vs 0.77), 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.