BBRE vs. GPIX

Last updated Jul 26, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and GPIX (Goldman Sachs S&P 500 Premium Income ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while GPIX is a Derivative Income fund actively managed by Goldman Sachs. BBRE is passively managed, while GPIX is actively managed. Over the past year, BBRE returned 24.14% vs 17.54% for GPIX. Their 0.40 correlation means their historical movements had little consistent relationship. BBRE charges 0.11%/yr vs 0.29%/yr for GPIX.

Performance

BBRE vs. GPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBRE achieves a 23.40% return, which is significantly higher than GPIX's 9.04% return.

BBRE

• 1D: 2.14%
• 1M: 4.84%
• 6M: 20.78%
• YTD: 23.40%
• 1Y: 24.14%
• 3Y*: 12.24%
• 5Y*: 5.60%
• 10Y*: —
• ALL TIME*: 8.26%

GPIX

• 1D: 0.09%
• 1M: 1.01%
• 6M: 7.83%
• YTD: 9.04%
• 1Y: 17.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	$2.35M	$4.29M	$4.76M
GPIX Goldman Sachs S&P 500 Premium Income ETF	$50.34M	$51.86M	$49.74M

BBRE vs. GPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	23.40%	2.09%	8.24%	23.69%
GPIX Goldman Sachs S&P 500 Premium Income ETF	9.04%	16.25%	21.77%	13.04%

Correlation

The correlation between BBRE and GPIX is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023	0.40

The correlation between BBRE and GPIX shifts across timeframes, from 0.21 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BBRE vs. GPIX — Risk / Return Rank

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

BBRE

BBRE Risk / Return Rank: 74
BBRE Sharpe Ratio Rank: 74
BBRE Sortino Ratio Rank: 73
BBRE Omega Ratio Rank: 70
BBRE Calmar Ratio Rank: 80
BBRE Martin Ratio Rank: 75

GPIX

GPIX Risk / Return Rank: 73
GPIX Sharpe Ratio Rank: 72
GPIX Sortino Ratio Rank: 71
GPIX Omega Ratio Rank: 73
GPIX Calmar Ratio Rank: 67
GPIX Martin Ratio Rank: 82

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. GPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Goldman Sachs S&P 500 Premium Income ETF (GPIX). 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	GPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.64	+0.05
Sortino ratio: Return per unit of downside risk	2.36	2.30	+0.06
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.99	2.33	+0.66
Martin ratio: Return relative to average drawdown	9.58	11.09	-1.51

BBRE vs. GPIX - Sharpe Ratio Comparison

The current BBRE Sharpe Ratio is 1.69, which is comparable to the GPIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of BBRE and GPIX, 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. GPIX - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, which is greater than GPIX's maximum drawdown of -17.50%. Use the drawdown chart below to compare losses from any high point for BBRE and GPIX.

Drawdown Indicators

	BBRE	GPIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-17.50%	-26.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-7.71%	-0.36%
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	0.00%	-1.65%	+1.65%
Average Drawdown Average peak-to-trough decline	-10.35%	-1.46%	-8.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.62%	+0.89%

Volatility

BBRE vs. GPIX - Volatility Comparison

JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 4.86% compared to Goldman Sachs S&P 500 Premium Income ETF (GPIX) at 2.63%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than GPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBRE	GPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	2.63%	+2.23%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	8.74%	+2.14%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	10.98%	+3.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	13.75%	+5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	13.75%	+8.74%

BBRE vs. GPIX - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is lower than GPIX's 0.29% expense ratio.

Dividends

BBRE vs. GPIX - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.51%, less than GPIX's 8.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.51%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
GPIX Goldman Sachs S&P 500 Premium Income ETF	8.19%	8.01%	7.45%	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBRE and GPIX in my portfolio?

BBRE and GPIX have a correlation of 0.21, 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 GPIX?

BBRE has higher volatility (4.86%) compared to GPIX (2.63%). In terms of maximum drawdown, BBRE dropped -43.61% vs GPIX's -17.50%.

Which ETF is better, BBRE or GPIX?

On 1-year performance, BBRE leads with 24.14% vs 17.54% for GPIX. On fees, BBRE is cheaper at 0.11% per year. On volatility, GPIX has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBRE or GPIX?

Over the 1-year period, BBRE has performed better with a 24.14% return vs 17.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBRE or GPIX?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.29% for GPIX.

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

GPIX has the higher dividend yield at 8.19%, compared with 2.51% for BBRE.

What is the main difference between BBRE and GPIX?

BBRE is categorized as REIT, while GPIX is Derivative Income. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.11% for BBRE and 0.29% for GPIX.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.69 vs 1.64), 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.