NURE vs. REZ
Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and iShares Residential Real Estate ETF (REZ).
NURE and REZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NURE is a passively managed fund by Nuveen that tracks the performance of the Dow Jones U.S. Select Short-Term REIT Index. It was launched on Dec 19, 2016. REZ is a passively managed fund by iShares that tracks the performance of the FTSE NAREIT All Residential Capped Index. It was launched on May 4, 2007. Both NURE and REZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NURE or REZ.
Key characteristics
| NURE | REZ | |
|---|---|---|
| YTD Return | -2.01% | -1.59% |
| 1Y Return | 4.13% | 3.94% |
| 3Y Return (Ann) | 0.54% | -0.29% |
| 5Y Return (Ann) | 3.43% | 3.24% |
| Sharpe Ratio | 0.29 | 0.24 |
| Daily Std Dev | 18.29% | 18.51% |
| Max Drawdown | -46.05% | -66.84% |
| Current Drawdown | -21.68% | -22.70% |
Correlation
The correlation between NURE and REZ is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NURE vs. REZ - Performance Comparison
In the year-to-date period, NURE achieves a -2.01% return, which is significantly lower than REZ's -1.59% 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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NURE vs. REZ - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is lower than REZ's 0.48% expense ratio.
Risk-Adjusted Performance
NURE vs. REZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and iShares Residential Real Estate ETF (REZ). 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.
Dividends
NURE vs. REZ - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 3.94%, more than REZ's 2.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 3.94% | 3.73% | 2.80% | 1.34% | 2.87% | 3.28% | 4.08% | 3.82% | 0.48% | 0.00% | 0.00% | 0.00% |
REZ iShares Residential Real Estate ETF | 2.92% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% | 3.13% | 3.92% |
Drawdowns
NURE vs. REZ - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, smaller than the maximum REZ drawdown of -66.84%. Use the drawdown chart below to compare losses from any high point for NURE and REZ. For additional features, visit the drawdowns tool.
Volatility
NURE vs. REZ - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) and iShares Residential Real Estate ETF (REZ) have volatilities of 5.87% and 5.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.