BBRE vs. DVRE

Last updated Jun 4, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and DVRE (WEBs Real Estate XLRE Defined Volatility ETF) are both REIT funds - BBRE tracks the MSCI US REIT Index while DVRE tracks the Syntax Defined Volatility XLRE Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. BBRE charges 0.11%/yr vs 0.89%/yr for DVRE.

Performance

BBRE vs. DVRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and WEBs Real Estate XLRE Defined Volatility ETF (DVRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBRE achieves a 11.77% return, which is significantly higher than DVRE's 6.90% return.

BBRE

• 1D: 0.16%
• 1M: -0.16%
• YTD: 11.77%
• 6M: 10.56%
• 1Y: 14.11%
• 3Y*: 10.99%
• 5Y*: 4.42%
• 10Y*: —

DVRE

• 1D: 0.35%
• 1M: -3.14%
• YTD: 6.90%
• 6M: 4.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBRE vs. DVRE - Yearly Performance Comparison

	2026 (YTD)	2025
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	11.77%	-0.11%
DVRE WEBs Real Estate XLRE Defined Volatility ETF	6.90%	-11.39%

Correlation

The correlation between BBRE and DVRE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.93

Return for Risk

BBRE vs. DVRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBRE

BBRE Risk / Return Rank: 31
BBRE Sharpe Ratio Rank: 29
BBRE Sortino Ratio Rank: 27
BBRE Omega Ratio Rank: 27
BBRE Calmar Ratio Rank: 35
BBRE Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBRE vs. DVRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and WEBs Real Estate XLRE Defined Volatility ETF (DVRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBRE	DVRE	Difference
Sharpe ratio Return per unit of total volatility	1.06	—	—
Sortino ratio Return per unit of downside risk	1.50	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.76	—	—
Martin ratio Return relative to average drawdown	5.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBRE	DVRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.25	+0.56

Drawdowns

BBRE vs. DVRE - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, which is greater than DVRE's maximum drawdown of -15.88%. Use the drawdown chart below to compare losses from any high point for BBRE and DVRE.

Drawdown Indicators

	BBRE	DVRE	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-15.88%	-27.73%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.15%	—	—
Current Drawdown Current decline from peak	-3.12%	-6.68%	+3.56%
Average Drawdown Average peak-to-trough decline	-10.53%	-6.47%	-4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	—	—

Volatility

Volatility by Period

	BBRE	DVRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	24.73%	-11.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	24.73%	-5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	24.73%	-2.17%

BBRE vs. DVRE - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is lower than DVRE's 0.89% expense ratio.

Dividends

BBRE vs. DVRE - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.81%, more than DVRE's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.81%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
DVRE WEBs Real Estate XLRE Defined Volatility ETF	0.92%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBRE and DVRE in my portfolio?

With a correlation of 0.93, BBRE and DVRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, BBRE or DVRE?

On fees, BBRE is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBRE or DVRE?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.89% for DVRE.

Which ETF pays a higher dividend yield, BBRE or DVRE?

BBRE has the higher dividend yield at 2.81%, compared with 0.92% for DVRE.

What is the main difference between BBRE and DVRE?

BBRE tracks MSCI US REIT Index, while DVRE tracks Syntax Defined Volatility XLRE Index. They also come from different issuers: JPMorgan and WEBs. Their fees differ too: 0.11% for BBRE and 0.89% for DVRE.