NRO vs SPY
Comparison between Neuberger Berman Real Estate Securities Income Fund Inc (NRO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NRO, delivering a return of +13.3% compared to +1.4%
NRO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
NRO vs SPY - Historical Returns
Returns include dividend reinvestment.
NRO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NRO | SPY |
|---|---|---|
| 2026 | +3.21% | +8.26% |
| 2025 | +1.42% | +18.00% |
| 2024 | +21.27% | +25.59% |
| 2023 | +11.57% | +26.72% |
| 2022 | -34.32% | -18.64% |
| 2021 | +43.19% | +30.52% |
| 2020 | -10.30% | +17.28% |
| 2019 | +50.08% | +31.09% |
| 2018 | -16.97% | -5.24% |
| 2017 | +13.72% | +20.78% |
| 2016 | +19.29% | +13.59% |
| 2015 | +1.39% | +1.31% |
| 2014 | +27.95% | +14.56% |
| 2013 | -2.47% | +29.00% |
| 2012 | +30.01% | +14.17% |
| 2011 | -1.57% | +0.85% |
| 2010 | +39.23% | +13.14% |
| 2009 | +79.01% | +22.67% |
| 2008 | -78.32% | -36.25% |
| 2007 | -23.13% | +5.32% |
| 2006 | +45.34% | +13.85% |
| 2005 | +3.24% | +5.32% |
| 2004 | +9.79% | +10.75% |
| 2003 | +0.01% | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NRO vs SPY Drawdown Comparison
The maximum drawdown for NRO was -92.77%, occurring on Mar 9, 2009. Recovery took 3026 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NRO drawdown is -8.49%. The current SPY drawdown is -2.90%.
| Rank | NRO | SPY |
|---|---|---|
| #1 | -92.77% Jun 4, 2007 - Jun 11, 2019 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -62.59% Feb 14, 2020 - Aug 31, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -42.26% Dec 31, 2021 - Sep 4, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.77% Sep 24, 2024 - Apr 8, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.10% Mar 17, 2004 - Oct 6, 2004 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.90% Aug 3, 2005 - Jan 9, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.77% Feb 7, 2007 - May 9, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.11% Dec 31, 2004 - Jun 7, 2005 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.17% Mar 17, 2006 - Jul 11, 2006 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.18% Sep 3, 2021 - Dec 27, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.47% Nov 17, 2003 - Mar 3, 2004 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -5.27% Jul 30, 2019 - Aug 19, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.14% Nov 4, 2004 - Nov 16, 2004 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.85% Oct 23, 2019 - Dec 13, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.18% Oct 27, 2006 - Nov 20, 2006 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NRO and SPY is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
NRO vs SPY dividend yield comparison.
| Year | NRO | SPY |
|---|---|---|
| 2026 | 5.23% | 0.24% |
| 2025 | 12.27% | 1.07% |
| 2024 | 10.56% | 1.21% |
| 2023 | 11.75% | 1.40% |
| 2022 | 11.97% | 1.65% |
| 2021 | 7.11% | 1.20% |
| 2020 | 10.89% | 1.52% |
| 2019 | 8.61% | 1.75% |
| 2018 | 12.76% | 2.04% |
| 2017 | 9.31% | 1.80% |
| 2016 | 7.63% | 2.03% |
| 2015 | 7.18% | 2.06% |
| 2014 | 4.92% | 1.87% |
| 2013 | 5.53% | 1.81% |
| 2012 | 5.23% | 2.18% |
| 2011 | 6.41% | 2.05% |
| 2010 | 6.02% | 1.80% |
| 2009 | 10.83% | 1.95% |
| 2008 | 101.52% | 3.02% |
| 2007 | 25.37% | 1.85% |
| 2006 | 10.93% | 1.73% |
| 2005 | 10.61% | 1.73% |
| 2004 | 7.99% | 1.82% |
| 2003 | 0.67% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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