BBRE vs. FFUT

Last updated Jun 23, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. BBRE is passively managed, while FFUT is actively managed. Over the past year, BBRE returned 17.50% vs 18.91% for FFUT. At a correlation of -0.13, they often move in opposite directions. BBRE charges 0.11%/yr vs 0.80%/yr for FFUT.

Performance

BBRE vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBRE achieves a 15.29% return, which is significantly higher than FFUT's 9.23% return.

BBRE

• 1D: 1.19%
• 1M: 0.51%
• YTD: 15.29%
• 6M: 15.60%
• 1Y: 17.50%
• 3Y*: 13.13%
• 5Y*: 4.88%
• 10Y*: —

FFUT

• 1D: -0.52%
• 1M: -2.34%
• YTD: 9.23%
• 6M: 9.36%
• 1Y: 18.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBRE vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	15.29%	2.04%
FFUT Fidelity Managed Futures ETF	9.23%	8.58%

Correlation

The correlation between BBRE and FFUT is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.13

Return for Risk

BBRE vs. FFUT — Risk / Return Rank

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

BBRE

BBRE Risk / Return Rank: 38
BBRE Sharpe Ratio Rank: 36
BBRE Sortino Ratio Rank: 34
BBRE Omega Ratio Rank: 34
BBRE Calmar Ratio Rank: 45
BBRE Martin Ratio Rank: 43

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 87
FFUT Martin Ratio Rank: 80

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. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Fidelity Managed Futures ETF (FFUT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BBRE	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.69	-0.44
Sortino ratio: Return per unit of downside risk	1.76	2.42	-0.66
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.10
Calmar ratio: Return relative to maximum drawdown	2.18	4.77	-2.59
Martin ratio: Return relative to average drawdown	6.84	15.04	-8.20

BBRE vs. FFUT - Sharpe Ratio Comparison

The current BBRE Sharpe Ratio is 1.26, which is comparable to the FFUT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BBRE and FFUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BBRE vs. FFUT - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, which is greater than FFUT's maximum drawdown of -3.98%. Use the drawdown chart below to compare losses from any high point for BBRE and FFUT.

Drawdown Indicators

	BBRE	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-3.98%	-39.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-3.98%	-4.09%
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	-1.64%	-3.98%	+2.34%
Average Drawdown Average peak-to-trough decline	-10.46%	-0.94%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	1.26%	+1.31%

Volatility

BBRE vs. FFUT - Volatility Comparison

JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 5.15% compared to Fidelity Managed Futures ETF (FFUT) at 2.92%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBRE	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	2.92%	+2.23%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	8.96%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	11.23%	+2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	11.03%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	11.03%	+11.51%

BBRE vs. FFUT - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

BBRE vs. FFUT - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.72%, more than FFUT's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.72%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
FFUT Fidelity Managed Futures ETF	1.91%	2.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBRE and FFUT in my portfolio?

BBRE and FFUT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBRE or FFUT?

BBRE has higher volatility (5.15%) compared to FFUT (2.92%). In terms of maximum drawdown, BBRE dropped -43.61% vs FFUT's -3.98%.

Which ETF is better, BBRE or FFUT?

On 1-year performance, FFUT leads with 18.91% vs 17.50% for BBRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, FFUT has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBRE or FFUT?

Over the 1-year period, FFUT has performed better with a 18.91% return vs 17.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBRE or FFUT?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.80% for FFUT.

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

BBRE has the higher dividend yield at 2.72%, compared with 1.91% for FFUT.

What is the main difference between BBRE and FFUT?

BBRE is categorized as REIT, while FFUT is Systematic Trend. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.11% for BBRE and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.69 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.