NURE vs. USRT
NURE (Nuveen Short-Term REIT ETF) and USRT (iShares Core U.S. REIT ETF) are both REIT funds - NURE tracks the Dow Jones U.S. Select Short-Term REIT Index while USRT tracks the FTSE Nareit Equity REITS 40 Act Capped Index. Both are passively managed. Over the past 5 years, NURE returned 1.68%/yr vs 5.39%/yr for USRT. Their correlation of 0.86 means they have usually moved in the same direction. NURE charges 0.35%/yr vs 0.08%/yr for USRT.
Performance
NURE vs. USRT - Performance Comparison
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Returns By Period
In the year-to-date period, NURE achieves a 18.91% return, which is significantly lower than USRT's 20.34% return.
NURE
- 1D
- 0.57%
- 1M
- -0.58%
- 6M
- 18.91%
- YTD
- 18.91%
- 1Y
- 20.87%
- 3Y*
- 7.98%
- 5Y*
- 1.68%
- 10Y*
- —
- ALL TIME*
- 6.39%
USRT
- 1D
- 0.06%
- 1M
- 0.70%
- 6M
- 17.86%
- YTD
- 20.34%
- 1Y
- 25.37%
- 3Y*
- 13.00%
- 5Y*
- 5.39%
- 10Y*
- 6.14%
- ALL TIME*
- 5.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.66K | $88.12K | $134.65K | |
| $32.34M | $32.36M | $34.42M |
NURE vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 18.91% | -7.51% | 6.65% | 13.09% | -28.48% | 53.41% | -7.24% | 25.10% | 0.02% | 8.41% |
USRT iShares Core U.S. REIT ETF | 20.34% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
Correlation
The correlation between NURE and USRT is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016 | 0.86 |
The correlation between NURE and USRT has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
NURE vs. USRT — Risk / Return Rank
NURE
USRT
NURE vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and iShares Core U.S. REIT ETF (USRT). 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 | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.17 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.66 | 10.68 | -5.02 |
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Drawdowns
NURE vs. USRT - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, smaller than the maximum USRT drawdown of -69.92%. Use the drawdown chart below to compare losses from any high point for NURE and USRT.
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Drawdown Indicators
| NURE | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.05% | -69.92% | +23.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.13% | -8.04% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -18.70% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -35.98% | -31.03% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.38% | — |
Current DrawdownCurrent decline from peak | -6.25% | -2.71% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -12.87% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.38% | +1.31% |
Volatility
NURE vs. USRT - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.87% compared to iShares Core U.S. REIT ETF (USRT) at 4.47%. This indicates that NURE's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NURE | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 4.47% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 10.64% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.86% | 13.77% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.69% | 18.94% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 21.34% | +0.38% |
NURE vs. USRT - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is higher than USRT's 0.08% expense ratio.
Dividends
NURE vs. USRT - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 4.02%, more than USRT's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 4.02% | 4.56% | 3.51% | 3.73% | 2.80% | 1.34% | 3.41% | 3.28% | 4.11% | 3.86% | 0.48% | 0.00% |
USRT iShares Core U.S. REIT ETF | 2.51% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
NURE and USRT have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NURE has higher volatility (4.87%) compared to USRT (4.47%). In terms of maximum drawdown, NURE dropped -46.05% vs USRT's -69.92%.
On 5-year performance, USRT leads with 5.39% vs 1.68% for NURE. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USRT has performed better with a 5.39% return vs 1.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.35% for NURE.
NURE has the higher dividend yield at 4.02%, compared with 2.51% for USRT.
NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index. They also come from different issuers: Nuveen and iShares. Their fees differ too: 0.35% for NURE and 0.08% for USRT.
USRT currently has the higher Sharpe Ratio (1.85 vs 1.32), 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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