NURE vs. XLRE
Compare and contrast key facts about Nuveen Short-Term REIT ETF (NURE) and Real Estate Select Sector SPDR Fund (XLRE).
NURE and XLRE 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. XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015. Both NURE and XLRE 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 XLRE.
Performance
NURE vs. XLRE - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with NURE having a 11.54% return and XLRE slightly higher at 11.88%.
NURE
11.54%
1.95%
13.83%
25.98%
5.26%
N/A
XLRE
11.88%
-0.30%
19.18%
25.19%
6.34%
N/A
Key characteristics
| NURE | XLRE | |
|---|---|---|
| Sharpe Ratio | 1.65 | 1.58 |
| Sortino Ratio | 2.33 | 2.20 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 0.90 | 0.99 |
| Martin Ratio | 7.66 | 6.08 |
| Ulcer Index | 3.44% | 4.20% |
| Daily Std Dev | 16.04% | 16.23% |
| Max Drawdown | -46.05% | -38.83% |
| Current Drawdown | -10.85% | -7.28% |
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NURE vs. XLRE - Expense Ratio Comparison
NURE has a 0.35% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Correlation
The correlation between NURE and XLRE is 0.81, 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.
Risk-Adjusted Performance
NURE vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Real Estate Select Sector SPDR Fund (XLRE). 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. XLRE - Dividend Comparison
NURE's dividend yield for the trailing twelve months is around 3.50%, more than XLRE's 3.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
NURE Nuveen Short-Term REIT ETF | 3.50% | 3.74% | 2.81% | 1.34% | 2.88% | 3.28% | 4.11% | 3.82% | 0.48% | 0.00% |
XLRE Real Estate Select Sector SPDR Fund | 3.16% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Drawdowns
NURE vs. XLRE - Drawdown Comparison
The maximum NURE drawdown since its inception was -46.05%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for NURE and XLRE. For additional features, visit the drawdowns tool.
Volatility
NURE vs. XLRE - Volatility Comparison
Nuveen Short-Term REIT ETF (NURE) and Real Estate Select Sector SPDR Fund (XLRE) have volatilities of 4.98% and 5.22%, 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.