NRO vs BSEP

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

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

NRO vs BSEP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NRO

$212M

Winner

BSEP

$212M

Expense Ratio

NRO

N/A

BSEP

0.79%

Max Drawdown

NRO

95.78%

Winner

BSEP

23.98%

Sharpe Ratio

NRO

0.12

Winner

BSEP

1.80

5Y Beta

Winner

NRO

0.52

BSEP

0.63

5Y Dividends CAGR

NRO

-0.51%

BSEP

N/A

NRO vs BSEP - Historical Returns

Returns include dividend reinvestment.

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

NRO

-0.28%

Winner

BSEP

+1.24%

NRO

+1.48%

Winner

BSEP

+5.51%

NRO

+4.65%

Winner

BSEP

+6.12%

NRO

+5.08%

Winner

BSEP

+19.54%

5Y(CAGR)

NRO

+1.39%

Winner

BSEP

+10.57%

10Y(CAGR)

NRO

+5.11%

BSEP

N/A

Max(CAGR)

NRO

+3.95%

Winner

BSEP

+12.05%

NRO vs BSEP - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	NRO	BSEP
2026	+3.21%	+5.71%
2025	+1.42%	+14.88%
2024	+21.27%	+17.47%
2023	+11.57%	+21.06%
2022	-34.32%	-9.50%
2021	+43.19%	+15.70%
2020	-10.30%	+11.86%
2019	+50.08%	+7.23%
2018	-16.97%	N/A
2017	+13.72%	N/A
2016	+19.29%	N/A
2015	+1.39%	N/A
2014	+27.95%	N/A
2013	-2.47%	N/A
2012	+30.01%	N/A
2011	-1.57%	N/A
2010	+39.23%	N/A
2009	+79.01%	N/A
2008	-78.32%	N/A
2007	-23.13%	N/A
2006	+45.34%	N/A
2005	+3.24%	N/A
2004	+9.79%	N/A
2003	+0.01%	N/A

NRO vs BSEP Drawdown Comparison

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

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

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

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

Correlation

Correlation between NRO and BSEP 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)

NRO vs BSEP dividend yield comparison.

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