BNOV vs NRO

Comparison between Innovator U.S. Equity Buffer ETF - November (BNOV, ETF) and Neuberger Berman Real Estate Securities Income Fund Inc (NRO, ETF).

5-Year PerformanceBNOV has outperformed NRO, delivering a return of +8.6% compared to +1.5%

BNOV vs NRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BNOV(ETF)	NRO(ETF)
Net Assets	$212M	$212M
Expense Ratio	0.79%	N/A
Max Drawdown	24.66%	95.78%
Sharpe Ratio	1.21	0.34
5Y Beta	0.63	0.51
5Y Dividends CAGR	N/A	0.30%

Net Assets

BNOV

$212M

Winner

NRO

$212M

Expense Ratio

BNOV

0.79%

NRO

N/A

Max Drawdown

Winner

BNOV

24.66%

NRO

95.78%

Sharpe Ratio

Winner

BNOV

1.21

NRO

0.34

5Y Beta

BNOV

0.63

Winner

NRO

0.51

5Y Dividends CAGR

BNOV

N/A

NRO

0.30%

BNOV vs NRO - Historical Returns

Returns include dividend reinvestment.

Period	BNOV	NRO
1 month	+0.66%	+5.18%
3 months	+5.24%	+4.55%
6 months	+7.55%	+7.65%
1 year	+15.00%	+8.04%
5 years(CAGR)	+8.60%	+1.48%
10 years(CAGR)	N/A	+4.53%
Max(CAGR)	+9.75%	+4.12%

BNOV

+0.66%

Winner

NRO

+5.18%

Winner

BNOV

+5.24%

NRO

+4.55%

BNOV

+7.55%

Winner

NRO

+7.65%

Winner

BNOV

+15.00%

NRO

+8.04%

5Y(CAGR)

Winner

BNOV

+8.60%

NRO

+1.48%

10Y(CAGR)

BNOV

N/A

NRO

+4.53%

Max(CAGR)

Winner

BNOV

+9.75%

NRO

+4.12%

BNOV vs NRO - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BNOV	NRO
2026	+8.01%	+7.85%
2025	+13.39%	+1.42%
2024	+12.80%	+21.27%
2023	+17.54%	+11.57%
2022	-9.92%	-34.32%
2021	+11.59%	+43.19%
2020	+11.32%	-10.30%
2019	+3.70%	+50.08%
2018	N/A	-16.97%
2017	N/A	+13.72%
2016	N/A	+19.29%
2015	N/A	+1.39%
2014	N/A	+27.95%
2013	N/A	-2.47%
2012	N/A	+30.01%
2011	N/A	-1.57%
2010	N/A	+39.23%
2009	N/A	+79.01%
2008	N/A	-78.32%
2007	N/A	-23.13%
2006	N/A	+45.34%
2005	N/A	+3.24%
2004	N/A	+9.79%
2003	N/A	+0.01%

BNOV vs NRO Drawdown Comparison

The maximum drawdown for BNOV was -24.66%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The maximum drawdown for NRO was -92.77%, occurring on Mar 9, 2009. Recovery took 3026 trading sessions.

The current BNOV drawdown is -0.49%. The current NRO drawdown is -4.38%.

Rank	BNOV	NRO
#1	-24.66% Feb 19, 2020 - Aug 5, 2020	-92.77% Jun 4, 2007 - Jun 11, 2019
#2	-16.27% Jan 4, 2022 - Jun 12, 2023	-62.59% Feb 14, 2020 - Aug 31, 2021
#3	-13.70% Feb 19, 2025 - Jun 24, 2025	-42.26% Dec 31, 2021 - Sep 4, 2024
#4	-10.13% Jul 28, 2023 - Dec 27, 2023	-24.77% Sep 24, 2024 - Apr 8, 2025
#5	-6.57% Jan 27, 2026 - Apr 14, 2026	-23.10% Mar 17, 2004 - Oct 6, 2004
#6	-4.78% Oct 12, 2020 - Nov 9, 2020	-11.90% Aug 3, 2005 - Jan 9, 2006
#7	-4.14% Sep 2, 2020 - Oct 8, 2020	-11.77% Feb 7, 2007 - May 9, 2007
#8	-3.77% Nov 3, 2025 - Dec 23, 2025	-11.11% Dec 31, 2004 - Jun 7, 2005
#9	-2.88% Nov 5, 2021 - Dec 8, 2021	-9.17% Mar 17, 2006 - Jul 11, 2006
#10	-2.72% Jun 1, 2026 - Jul 9, 2026	-8.18% Sep 3, 2021 - Dec 27, 2021
#11	-2.50% Jul 16, 2024 - Aug 14, 2024	-5.47% Nov 17, 2003 - Mar 3, 2004
#12	-2.42% Dec 6, 2024 - Jan 21, 2025	-5.27% Jul 30, 2019 - Aug 19, 2019
#13	-2.12% Jan 20, 2021 - Feb 5, 2021	-5.14% Nov 4, 2004 - Nov 16, 2004
#14	-1.89% Feb 24, 2021 - Mar 9, 2021	-4.85% Oct 23, 2019 - Dec 13, 2019
#15	-1.86% Jun 15, 2023 - Jun 30, 2023	-4.18% Oct 27, 2006 - Nov 20, 2006