BSEP vs NRO

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

5-Year PerformanceBSEP has outperformed NRO, delivering a return of +10.6% compared to +1.4%

BSEP vs NRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSEP(ETF)	NRO(ETF)
Net Assets	$212M	$212M
Expense Ratio	0.79%	N/A
Max Drawdown	23.98%	95.78%
Sharpe Ratio	1.80	0.12
5Y Beta	0.63	0.52
5Y Dividends CAGR	N/A	-0.51%

Net Assets

Winner

BSEP

$212M

NRO

$212M

Expense Ratio

BSEP

0.79%

NRO

N/A

Max Drawdown

Winner

BSEP

23.98%

NRO

95.78%

Sharpe Ratio

Winner

BSEP

1.80

NRO

0.12

5Y Beta

BSEP

0.63

Winner

NRO

0.52

5Y Dividends CAGR

BSEP

N/A

NRO

-0.51%

BSEP vs NRO - Historical Returns

Returns include dividend reinvestment.

Period	BSEP	NRO
1 month	+1.24%	-0.28%
3 months	+5.51%	+1.48%
6 months	+6.12%	+4.65%
1 year	+19.54%	+5.08%
5 years(CAGR)	+10.57%	+1.39%
10 years(CAGR)	N/A	+5.11%
Max(CAGR)	+12.05%	+3.95%

Winner

BSEP

+1.24%

NRO

-0.28%

Winner

BSEP

+5.51%

NRO

+1.48%

Winner

BSEP

+6.12%

NRO

+4.65%

Winner

BSEP

+19.54%

NRO

+5.08%

5Y(CAGR)

Winner

BSEP

+10.57%

NRO

+1.39%

10Y(CAGR)

BSEP

N/A

NRO

+5.11%

Max(CAGR)

Winner

BSEP

+12.05%

NRO

+3.95%

BSEP vs NRO - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BSEP	NRO
2026	+5.71%	+3.21%
2025	+14.88%	+1.42%
2024	+17.47%	+21.27%
2023	+21.06%	+11.57%
2022	-9.50%	-34.32%
2021	+15.70%	+43.19%
2020	+11.86%	-10.30%
2019	+7.23%	+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%

BSEP vs NRO Drawdown Comparison

The maximum drawdown for BSEP was -23.98%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

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

The current BSEP drawdown is -0.95%. The current NRO drawdown is -8.49%.

Rank	BSEP	NRO
#1	-23.98% Feb 19, 2020 - Jul 20, 2020	-92.77% Jun 4, 2007 - Jun 11, 2019
#2	-15.02% Jan 4, 2022 - Jun 12, 2023	-62.59% Feb 14, 2020 - Aug 31, 2021
#3	-13.36% Feb 19, 2025 - Jun 24, 2025	-42.26% Dec 31, 2021 - Sep 4, 2024
#4	-7.95% Jul 31, 2023 - Nov 30, 2023	-24.77% Sep 24, 2024 - Apr 8, 2025
#5	-6.35% Sep 2, 2020 - Nov 9, 2020	-23.10% Mar 17, 2004 - Oct 6, 2004
#6	-5.70% Jan 28, 2026 - Apr 14, 2026	-11.90% Aug 3, 2005 - Jan 9, 2006
#7	-3.91% Jul 16, 2024 - Aug 14, 2024	-11.77% Feb 7, 2007 - May 9, 2007
#8	-3.50% Sep 3, 2021 - Oct 20, 2021	-11.11% Dec 31, 2004 - Jun 7, 2005
#9	-3.34% Mar 28, 2024 - May 9, 2024	-9.17% Mar 17, 2006 - Jul 11, 2006
#10	-2.97% Oct 28, 2025 - Dec 3, 2025	-8.18% Sep 3, 2021 - Dec 27, 2021
#11	-2.90% Aug 30, 2024 - Sep 16, 2024	-5.47% Nov 17, 2003 - Mar 3, 2004
#12	-2.68% Sep 12, 2019 - Oct 21, 2019	-5.27% Jul 30, 2019 - Aug 19, 2019
#13	-2.62% Nov 18, 2021 - Dec 10, 2021	-5.14% Nov 4, 2004 - Nov 16, 2004
#14	-2.58% Jan 21, 2021 - Feb 5, 2021	-4.85% Oct 23, 2019 - Dec 13, 2019
#15	-2.42% Feb 16, 2021 - Mar 11, 2021	-4.18% Oct 27, 2006 - Nov 20, 2006

Correlation

Correlation between BSEP and NRO is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.61

-101

Dividend Comparison (2003 - 2026)

BSEP vs NRO dividend yield comparison.

Year	BSEP	NRO
2026	0.00%	5.23%
2025	0.00%	12.27%
2024	0.00%	10.56%
2023	0.00%	11.75%
2022	0.00%	11.97%
2021	0.00%	7.11%
2020	0.00%	10.89%
2019	1.39%	8.61%
2018	0.00%	12.76%
2017	0.00%	9.31%
2016	0.00%	7.63%
2015	0.00%	7.18%
2014	0.00%	4.92%
2013	0.00%	5.53%
2012	0.00%	5.23%
2011	0.00%	6.41%
2010	0.00%	6.02%
2009	0.00%	10.83%
2008	0.00%	101.52%
2007	0.00%	25.37%
2006	0.00%	10.93%
2005	0.00%	10.61%
2004	0.00%	7.99%
2003	0.00%	0.67%