NexPoint Diversified Real Estate Trust (NXDT)
Market Price (3/30/2026): $4.26 | Market Cap: $202.1 MilSector: Financials | Industry: Diversified Capital Markets
NexPoint Diversified Real Estate Trust (NXDT)
Market Price (3/30/2026): $4.26Market Cap: $202.1 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldDividend Yield is 2.8% | Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -102% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is -32 Mil |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include ESG REITs, Real Estate Data Analytics, Show more. | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 155% | |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -380% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49% | ||
| Key risksNXDT key risks include [1] substantial indebtedness and exposure to interest rate fluctuations that cause recurring losses and [2] severe profitability issues stemming from a challenged business model. |
| Attractive yieldDividend Yield is 2.8% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include ESG REITs, Real Estate Data Analytics, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -102% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is -32 Mil |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 155% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 52x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -380% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -49% |
| Key risksNXDT key risks include [1] substantial indebtedness and exposure to interest rate fluctuations that cause recurring losses and [2] severe profitability issues stemming from a challenged business model. |
Qualitative Assessment
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NexPoint Diversified Real Estate Trust (NXDT) stock has gained about 50% since 11/30/2025 because of the following key factors:
1. Consistent Shareholder Distributions and Investor Engagement.
NexPoint Diversified Real Estate Trust maintained regular shareholder distributions during the period. For example, in February 2026, the company announced a quarterly common distribution of $0.15 per share and a preferred share distribution of $0.34375 for its 5.50% Series A preferred shares. These announcements, along with investor update calls such as the one in November 2025 which coincided with an 8.48% stock gain, likely contributed to sustained investor confidence.
2. Stabilizing U.S. Real Estate Market in Late 2025.
The broader U.S. real estate market exhibited signs of stabilization and a modest rebound in sales activity in the fourth quarter of 2025. The average sales price of homes remained steady at $512,800, matching Q3 levels, while existing home sales modestly rose to approximately 4.13 million from 4 million in Q3. This improving market environment, characterized by stabilizing mortgage rates and a healthier balance between buyers and sellers, provided a favorable backdrop for real estate investment trusts like NXDT.
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1. Consistent Shareholder Distributions and Investor Engagement.
NexPoint Diversified Real Estate Trust maintained regular shareholder distributions during the period. For example, in February 2026, the company announced a quarterly common distribution of $0.15 per share and a preferred share distribution of $0.34375 for its 5.50% Series A preferred shares. These announcements, along with investor update calls such as the one in November 2025 which coincided with an 8.48% stock gain, likely contributed to sustained investor confidence.
2. Stabilizing U.S. Real Estate Market in Late 2025.
The broader U.S. real estate market exhibited signs of stabilization and a modest rebound in sales activity in the fourth quarter of 2025. The average sales price of homes remained steady at $512,800, matching Q3 levels, while existing home sales modestly rose to approximately 4.13 million from 4 million in Q3. This improving market environment, characterized by stabilizing mortgage rates and a healthier balance between buyers and sellers, provided a favorable backdrop for real estate investment trusts like NXDT.
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Stock Movement Drivers
Fundamental Drivers
The 51.8% change in NXDT stock from 11/30/2025 to 3/29/2026 was primarily driven by a 51.8% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.80 | 4.25 | 51.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -32 | -32 | 0.0% |
| P/S Multiple | -4.1 | -6.2 | 51.8% |
| Shares Outstanding (Mil) | 47 | 47 | 0.0% |
| Cumulative Contribution | 51.8% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NXDT | 51.8% | |
| Market (SPY) | -5.3% | 29.7% |
| Sector (XLF) | -10.0% | 30.3% |
Fundamental Drivers
The 18.2% change in NXDT stock from 8/31/2025 to 3/29/2026 was primarily driven by a 27.5% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.60 | 4.25 | 18.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -34 | -32 | -3.8% |
| P/S Multiple | -4.9 | -6.2 | 27.5% |
| Shares Outstanding (Mil) | 46 | 47 | -3.7% |
| Cumulative Contribution | 18.2% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NXDT | 18.2% | |
| Market (SPY) | 0.6% | 28.6% |
| Sector (XLF) | -10.8% | 28.1% |
Fundamental Drivers
The 1.3% change in NXDT stock from 2/28/2025 to 3/29/2026 was primarily driven by a 380.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.20 | 4.25 | 1.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | -7 | -32 | 380.0% |
| P/S Multiple | -25.3 | -6.2 | -75.5% |
| Shares Outstanding (Mil) | 41 | 47 | -14.0% |
| Cumulative Contribution | 1.3% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NXDT | 1.3% | |
| Market (SPY) | 9.8% | 28.6% |
| Sector (XLF) | -7.1% | 29.9% |
Fundamental Drivers
The -50.3% change in NXDT stock from 2/28/2023 to 3/29/2026 was primarily driven by a -21.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.54 | 4.25 | -50.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | -32 | 0.0% |
| P/S Multiple | � | -6.2 | 0.0% |
| Shares Outstanding (Mil) | 37 | 47 | -21.6% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| NXDT | -50.3% | |
| Market (SPY) | 69.4% | 31.4% |
| Sector (XLF) | 40.5% | 33.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NXDT Return | 35% | -14% | -25% | -15% | -26% | 15% | -37% |
| Peers Return | 37% | -24% | -10% | -2% | 5% | 6% | 2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| NXDT Win Rate | 58% | 67% | 33% | 50% | 33% | 33% | |
| Peers Win Rate | 68% | 38% | 37% | 48% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| NXDT Max Drawdown | 0% | -17% | -31% | -37% | -51% | -10% | |
| Peers Max Drawdown | -6% | -36% | -32% | -18% | -14% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WPC, GNL, BNL, GOOD, SAFE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | NXDT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -57.5% | -25.4% |
| % Gain to Breakeven | 135.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -64.9% | -33.9% |
| % Gain to Breakeven | 184.6% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -36.4% | -19.8% |
| % Gain to Breakeven | 57.2% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to WPC, GNL, BNL, GOOD, SAFE
In The Past
NexPoint Diversified Real Estate Trust's stock fell -57.5% during the 2022 Inflation Shock from a high on 8/16/2022. A -57.5% loss requires a 135.5% gain to breakeven.
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About NexPoint Diversified Real Estate Trust (NXDT)
NexPoint Diversified Real Estate Trust is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio. The fund typically invests in senior loans, secured and unsecured floating and fixed rate loans, bonds, debt obligations of stressed, distressed, and bankrupt issuers, mortgage-backed securities, asset-backed securities, and collateralized debt obligations with a primary focus on below investment grade debt and equity securities. It employs a quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones Credit Suisse Hedge Fund and the HFRX Global Hedge Fund. It was formerly known as NexPoint Strategic Opportunities Fund. NexPoint Diversified Real Estate Trust was formed on June 1, 2006 and is domiciled in the United States.
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Here are 1-3 brief analogies for NexPoint Diversified Real Estate Trust (NXDT):
- It's like a PIMCO fund, but specifically for junk bonds and distressed company debt.
- Imagine a publicly traded version of an Apollo Global Management credit fund, specializing in a wide range of risky loans, high-yield bonds, and complex structured debt.
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- Debt Investments: The fund invests in various debt instruments, including senior loans, secured and unsecured floating and fixed rate loans, and general bonds.
- Distressed Debt Obligations: It provides exposure to debt obligations of companies that are stressed, distressed, or bankrupt, often with a focus on below investment grade.
- Structured Finance Products: The portfolio includes mortgage-backed securities (MBS), asset-backed securities (ABS), and collateralized debt obligations (CDOs).
- Equity Investments: The fund also invests in equity securities, particularly those considered below investment grade.
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NexPoint Diversified Real Estate Trust (NXDT) is a closed-ended balanced mutual fund. As such, it does not have traditional "customers" in the sense of selling goods or services to other companies or individuals. Instead, NXDT's business involves managing an investment portfolio for its shareholders.
Therefore, the "customers" of NXDT are the individuals and institutions that invest in the fund by purchasing its shares. The categories of investors that typically invest in such funds include:
- Individual Investors: Retail investors who purchase shares of the fund through brokerage accounts or investment platforms.
- Institutional Investors: Large organizations such as pension funds, endowments, foundations, and other investment firms that allocate capital to closed-end funds like NXDT as part of their broader investment strategies.
- High Net Worth Individuals and Family Offices: Wealthy individuals or dedicated family offices seeking exposure to the fund's specific investment strategy and asset classes.
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James Dondero President and Principal Executive Officer, Chairman of the Board
Mr. Dondero is the founder and principal of NexPoint, an alternative investment platform, with over 30 years of experience investing in credit and equity markets, real estate, and private equity. He established numerous integrated businesses within the NexPoint network, including serving as President & Chairman of NexPoint Real Estate Finance and NexPoint Residential Trust, and CEO of NexPoint Hospitality Trust. He is also the Chairman & Majority Owner of NexBank Capital Inc. Mr. Dondero co-founded Highland Capital Management in 1993, which later evolved into the NexPoint platform.
Paul Richards Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary
Mr. Richards has served as Chief Financial Officer, Executive VP-Finance, Treasurer and Assistant Secretary of NexPoint Diversified Real Estate Trust since January 2025. He joined NexPoint in 2017 and has served as a director for its Sponsor since 2019. Mr. Richards also holds CFO positions across other NexPoint entities, including NexPoint Real Estate Finance, NexPoint Residential Trust, VineBrook Homes Trust, and NexPoint Hospitality Trust. He leads NexPoint's financial reporting and accounting teams and is key in financing and capital allocation decisions.
Matt McGraner Executive VP, Chief Investment Officer and Secretary
Mr. McGraner serves as Executive VP, Chief Investment Officer and Secretary for NexPoint Diversified Real Estate Trust. He also holds similar roles, including Executive VP and Chief Investment Officer, for NexPoint Real Estate Finance, Inc. and NexPoint Residential Trust, Inc., and Chief Investment Officer of NexPoint Hospitality Trust. Since joining NexPoint in 2013, Mr. McGraner has overseen the acquisition and financing of approximately $11.8 billion in real estate investments. He was previously an associate at Jones Day, where his practice focused on private equity, real estate, and mergers and acquisitions. Mr. McGraner co-founded NexPoint Real Estate Advisors, L.P. and other real estate businesses alongside Mr. Dondero and Mr. Mitts.
Dustin Norris Executive Vice President
Mr. Norris serves as Executive Vice President of NexPoint Diversified Real Estate Trust. He is also the President of NexPoint Securities, Inc. and the Head of Distribution and Chief Product Strategist at NexPoint.
Dennis “D.C.” Sauter, Jr. General Counsel
Mr. Sauter serves as General Counsel of NexPoint Diversified Real Estate Trust. He has also been the General Counsel of NexPoint Advisors, L.P. since April 2021. Prior to joining NexPoint in February 2020, Mr. Sauter was a partner in the real estate section of Wick Phillips Gould & Martin, LLP, specializing in acquisitions, construction, financing, joint ventures, and complex leasing for REITs, private developers, and institutional investors from January 2014. He has been a licensed attorney and member of the State Bar of Texas since 2001.
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NexPoint Diversified Real Estate Trust (NXDT) faces several significant risks, primarily stemming from its financial structure, investment strategy, and sensitivity to market conditions. The key risks to the business are:1. High Debt Load, Interest Rate Risk, and Operating Performance Challenges
NexPoint Diversified Real Estate Trust is characterized by an excessive debt load and high interest expenses, which have significantly impacted its profitability. The company has faced severe profitability challenges and incurred recurring losses, with interest expenses exceeding operating income in recent periods. This high debt burden makes NXDT particularly vulnerable to interest rate fluctuations, as rising or sustained high interest rates directly increase its cost of borrowing and can lead to a decline in the value of its fixed-income investments. A failure to improve operating performance could necessitate a debt restructuring, potentially leading to substantial losses for investors.2. Leverage Risk
The use of leverage, through borrowings from notes and credit facilities, and potentially through the issuance of preferred shares, magnifies both positive and negative price movements in NXDT's investments. While leverage can enhance returns in favorable market conditions, it also significantly amplifies the risk of loss, making the company subject to substantial financial risk if its investments underperform.3. Real Estate Market and Opportunistic Investment Strategy Risks
As a diversified real estate investment trust, NXDT's performance is highly sensitive to conditions in the real estate market. The trust's strategy, which includes a concentration of at least 25% of its total assets in the real estate industry, exposes it to greater market fluctuations than less concentrated funds. Furthermore, its focus on opportunistic, value-add real estate investments and real estate credit, with a primary emphasis on below investment grade debt and equity securities, introduces higher inherent credit risk, market volatility, and potential liquidity challenges, especially during economic downturns or recessions.AI Analysis | Feedback
The increasing development and adoption of low-cost, passively managed Exchange Traded Funds (ETFs) and other indexed investment products that target specific segments of the below-investment-grade fixed income markets. This trend allows investors to gain exposure to similar asset classes as NexPoint Diversified Real Estate Trust, often with significantly lower management fees, directly challenging the value proposition and investor appeal of a comparatively higher-fee, actively managed closed-end fund.
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NexPoint Diversified Real Estate Trust (NXDT) primarily invests in various fixed-income and equity markets within the United States, with a focus on below investment grade debt and equity securities. The addressable markets for its main investment products and services in the U.S. region are substantial:- The overall U.S. fixed income market is valued at over $51 trillion. Excluding mortgage-backed securities (MBS) and asset-backed securities (ABS), the outstanding amount was $48.9 trillion as of the third quarter of 2025.
- The U.S. leveraged loan market is approximately $2 trillion.
- The outstanding U.S. corporate bond market was $11.5 trillion as of the third quarter of 2025. The North American corporate bond market, where the U.S. holds the largest share, was valued at $15.25 trillion in 2025 and is projected to reach $16.66 trillion in 2026. High-yield bonds constituted 53.99% of the corporate bond market in 2026.
- The U.S. mortgage-backed securities (MBS) market has more than $11 trillion in outstanding securities. This market was estimated at $15.55 trillion in 2025 and is expected to grow to $22.43 trillion by 2030.
- The U.S. asset-backed securities (ABS) market is over $880 billion. It was valued at $1.2 trillion in 2023 and is projected to reach $2.75 trillion in 2026 and $3.62 trillion in 2030. ABS represents a significant portion of the $15.3 trillion U.S. securitized market.
- For distressed debt, globally, nearly $650 billion of bonds and loans were in distressed territory as of December 2022. More recently, around $475 billion in high-yield bonds and leveraged loans are set to mature before the end of 2027, creating a significant opportunity set for distressed investors in the U.S..
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Here are 3-5 expected drivers of future revenue growth for NexPoint Diversified Real Estate Trust (NXDT) over the next 2-3 years:
- Favorable Capital Market Environment and Lower Interest Rates: A more favorable capital market environment, characterized by anticipated reductions in interest rates by the Federal Reserve in the second half of 2026 and into 2027, is expected to positively impact NXDT. With approximately 79% of its debt being floating rate, lower interest expenses will likely increase the cash flows reaching shareholders and facilitate investment activities.
- Improved Operating Performance of Real Estate Portfolio: The company is undergoing turnaround efforts, and an expected stabilization and improvement in the operating performance of its diverse real estate portfolio is projected to contribute to future revenue growth. This includes the execution of value-add strategies involving property renovations and technological upgrades to enhance asset value and income.
- Strategic Investments in Diverse Real Estate Property Types: NXDT aims to generate current income and capital appreciation by investing across various commercial real estate property types, including industrial, hospitality, net lease, retail, office, storage, healthcare, multifamily, and single-family rentals. This diversified investment approach is a key strategy for revenue growth.
- Acquisition, Development, and Management of Opportunistic and Value-Add Investments: The trust's focus on the acquisition, development, and management of opportunistic and value-add real estate investments throughout the United States across multiple sectors where its affiliates have operational expertise is a significant driver of future revenue. These strategies are designed to identify and enhance the value of properties, leading to increased income and capital appreciation.
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Share Repurchases
- NexPoint Diversified Real Estate Trust's board of trustees authorized the repurchase of up to $20 million of its common shares and 5.50% Series A Cumulative Preferred Shares on October 29, 2024.
- This share repurchase authorization is valid until October 28, 2026, and replaced a prior program that concluded on October 24, 2024.
Share Issuance
- On January 30, 2025, NXDT launched a continuous offering of $400 million in 9.00% Series B Cumulative Redeemable Preferred Shares.
- The company declared quarterly distributions, such as in December 2024 and March 2026, which included a component payable in common shares of NXDT, with cash not exceeding 20% of the aggregate.
- An S-3 filing on August 22, 2025, registered up to 6,000,000 common shares for resale by an affiliated selling shareholder related to advisory fee payments, from which the company itself will not receive any proceeds.
Outbound Investments
- NXDT plans to sell between $100 million and $150 million in assets to reallocate capital into target asset classes like residential, self-storage, and life sciences, specifically by divesting legacy assets that do not align with NexPoint's core focus.
- In January 2025, NexPoint Diversified Real Estate Trust completed a $95 million refinancing of Marriott Dallas Uptown.
- The company anticipates the refinance or payoff of its $35.2 million 1st Lien Term Loan A investment during 2025.
Capital Expenditures
- Capital expenditures for NexPoint Diversified Real Estate Trust were reported as "N/A" for fiscal years 2021, 2022, 2023, and 2024.
Trade Ideas
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| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
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| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.21 |
| Mkt Cap | 1.5 |
| Rev LTM | 420 |
| Op Inc LTM | 228 |
| FCF LTM | 139 |
| FCF 3Y Avg | 124 |
| CFO LTM | 155 |
| CFO 3Y Avg | 145 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.3% |
| Rev Chg 3Y Avg | 5.7% |
| Rev Chg Q | 8.0% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 50.2% |
| Op Mgn 3Y Avg | 48.9% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 54.6% |
| CFO/Rev 3Y Avg | 44.6% |
| FCF/Rev LTM | 54.6% |
| FCF/Rev 3Y Avg | 44.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 4.1 |
| P/EBIT | 17.8 |
| P/E | 18.0 |
| P/CFO | 11.6 |
| Total Yield | 7.7% |
| Dividend Yield | 5.3% |
| FCF Yield 3Y Avg | 8.9% |
| D/E | 1.4 |
| Net D/E | 1.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.1% |
| 3M Rtn | 7.2% |
| 6M Rtn | 3.4% |
| 12M Rtn | 15.3% |
| 3Y Rtn | 6.5% |
| 1M Excs Rtn | -1.2% |
| 3M Excs Rtn | 15.8% |
| 6M Excs Rtn | 8.4% |
| 12M Excs Rtn | 3.0% |
| 3Y Excs Rtn | -50.0% |
Price Behavior
Price Behavior
| Market Price | $4.25 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 09/10/2012 | |
| Distance from 52W High | -12.4% | |
| 50 Days | 200 Days | |
| DMA Price | $4.52 | $3.74 |
| DMA Trend | up | up |
| Distance from DMA | -5.9% | 13.6% |
| 3M | 1YR | |
| Volatility | 70.7% | 65.6% |
| Downside Capture | 1.35 | 0.58 |
| Upside Capture | 388.07 | 98.73 |
| Correlation (SPY) | 44.7% | 27.0% |
NXDT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.27 | 2.09 | 1.33 | 1.33 | 0.90 | 1.00 |
| Up Beta | -1.02 | 1.56 | 0.84 | 2.60 | 0.66 | 0.83 |
| Down Beta | 4.38 | 1.72 | 2.04 | 1.82 | 1.50 | 1.39 |
| Up Capture | 96% | 379% | 306% | 104% | 60% | 37% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 11 | 23 | 33 | 63 | 123 | 356 |
| Down Capture | 107% | 150% | -36% | 59% | 81% | 104% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 17 | 26 | 56 | 121 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NXDT | |
|---|---|---|---|---|
| NXDT | 24.4% | 65.4% | 0.59 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 29.3% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 27.0% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 6.3% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 10.7% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 26.2% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 10.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NXDT | |
|---|---|---|---|---|
| NXDT | -10.5% | 42.5% | -0.13 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 33.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 34.0% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 8.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 8.6% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 40.0% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NXDT | |
|---|---|---|---|---|
| NXDT | -4.4% | 37.8% | 0.01 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 36.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 35.6% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 6.0% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 15.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 39.8% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2022 | 4.6% | 8.3% | -1.8% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 0 |
| # Negative | 0 | 0 | 1 |
| Median Positive | 4.6% | 8.3% | |
| Median Negative | -1.8% | ||
| Max Positive | 4.6% | 8.3% | |
| Max Negative | -1.8% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 09/08/2022 | N-CSRS |
| 12/31/2021 | 03/11/2022 | N-CSR |
| 06/30/2021 | 09/09/2021 | N-CSRS |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mitts, Brian | 401(k) Plan | Sell | 12222025 | 4.18 | 14,449 | Form | |||
| 2 | Laffer, Arthur B | Direct | Buy | 12082025 | 2.66 | 5,271 | 14,022 | 300,333 | Form | |
| 3 | Laffer, Arthur B | Direct | Buy | 12082025 | 2.87 | 4,886 | 14,022 | 338,065 | Form | |
| 4 | Laffer, Arthur B | limited liability company | Buy | 12082025 | 2.86 | 4,895 | 14,000 | 327,773 | Form | |
| 5 | Laffer, Arthur B | Direct | Buy | 12032025 | 2.74 | 5,101 | 13,976 | 294,921 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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