BBRE vs. FXAIX

Last updated Jun 4, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and FXAIX (Fidelity 500 Index Fund) are both funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, BBRE returned 4.42%/yr vs 14.28%/yr for FXAIX. A 0.58 correlation means they provide meaningful diversification when combined. BBRE charges 0.11%/yr vs 0.02%/yr for FXAIX.

Performance

BBRE vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BBRE having a 11.77% return and FXAIX slightly lower at 11.71%.

BBRE

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

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

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

BBRE vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	11.77%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-2.60%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-18.14%	28.71%	18.42%	31.48%	-8.70%

Correlation

The correlation between BBRE and FXAIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.58

Over the past year, the correlation between BBRE and FXAIX has dropped to 0.33 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

BBRE vs. FXAIX — 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

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

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. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Fidelity 500 Index Fund (FXAIX). 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	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.52	-1.46
Sortino ratio: Return per unit of downside risk	1.50	3.42	-1.93
Omega ratio: Gain probability vs. loss probability	1.19	1.46	-0.27
Calmar ratio: Return relative to maximum drawdown	1.76	3.36	-1.60
Martin ratio: Return relative to average drawdown	5.54	15.70	-10.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBRE vs. FXAIX - Sharpe Ratio Comparison

The current BBRE Sharpe Ratio is 1.06, which is lower than the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of BBRE and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBRE	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.52	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.85	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.82	-0.51

Drawdowns

BBRE vs. FXAIX - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BBRE and FXAIX.

Drawdown Indicators

	BBRE	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-33.79%	-9.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-8.89%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-18.76%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-31.15%	-24.50%	-6.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-3.12%	0.00%	-3.12%
Average Drawdown Average peak-to-trough decline	-10.53%	-3.79%	-6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	1.90%	+0.65%

Volatility

BBRE vs. FXAIX - Volatility Comparison

JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 3.99% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBRE	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	2.83%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	8.97%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	11.86%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	16.91%	+1.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	18.07%	+4.49%

BBRE vs. FXAIX - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBRE vs. FXAIX - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.81%, more than FXAIX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both BBRE and FXAIX in my portfolio?

BBRE and FXAIX have a correlation of 0.33, 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 FXAIX?

BBRE has higher volatility (3.99%) compared to FXAIX (2.83%). In terms of maximum drawdown, BBRE dropped -43.61% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.52 vs 1.06), 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.