BBRE vs. GSIE
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and GSIE (Goldman Sachs ActiveBeta International Equity ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while GSIE is a Foreign Large Cap Equities fund tracking the Goldman Sachs ActiveBeta International Equity Index. Both are passively managed. Over the past 5 years, BBRE returned 5.60%/yr vs 8.63%/yr for GSIE. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BBRE charges 0.11%/yr vs 0.25%/yr for GSIE.
Performance
BBRE vs. GSIE - Performance Comparison
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Returns By Period
In the year-to-date period, BBRE achieves a 23.40% return, which is significantly higher than GSIE's 8.75% 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%
GSIE
- 1D
- 0.46%
- 1M
- 1.03%
- 6M
- 5.39%
- YTD
- 8.75%
- 1Y
- 17.13%
- 3Y*
- 15.96%
- 5Y*
- 8.63%
- 10Y*
- 9.39%
- ALL TIME*
- 8.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.35M | $4.29M | $4.76M | |
| $16.98M | $19.56M | $19.60M |
BBRE vs. GSIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 23.40% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.41% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 8.75% | 32.53% | 5.23% | 16.99% | -15.86% | 13.27% | 7.45% | 22.83% | -14.76% |
Correlation
The correlation between BBRE and GSIE is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.53 |
The correlation between BBRE and GSIE shifts across timeframes, from 0.40 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBRE vs. GSIE — Risk / Return Rank
BBRE
GSIE
BBRE vs. GSIE - 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 ActiveBeta International Equity ETF (GSIE). 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 | GSIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.58 | +1.41 |
| Martin ratioReturn relative to average drawdown | 9.58 | 5.99 | +3.59 |
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Drawdowns
BBRE vs. GSIE - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, which is greater than GSIE's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for BBRE and GSIE.
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Drawdown Indicators
| BBRE | GSIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -34.63% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -10.76% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -13.07% | -5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -29.97% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.06% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -5.99% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.84% | -0.33% |
Volatility
BBRE vs. GSIE - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 4.86% compared to Goldman Sachs ActiveBeta International Equity ETF (GSIE) at 3.56%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than GSIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRE | GSIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.56% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 12.39% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 14.49% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 16.08% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 16.49% | +6.00% |
BBRE vs. GSIE - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than GSIE's 0.25% expense ratio. Despite the difference, 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. GSIE - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.51%, less than GSIE's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.56% | 2.65% | 3.11% | 2.87% | 3.01% | 2.40% | 1.60% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% |
Frequently Asked Questions
BBRE and GSIE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBRE has higher volatility (4.86%) compared to GSIE (3.56%). In terms of maximum drawdown, BBRE dropped -43.61% vs GSIE's -34.63%.
On 5-year performance, GSIE leads with 8.63% vs 5.60% for BBRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, GSIE has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSIE has performed better with a 8.63% return vs 5.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBRE is cheaper with a 0.11% expense ratio, compared with 0.25% for GSIE.
GSIE has the higher dividend yield at 2.56%, compared with 2.51% for BBRE.
BBRE is categorized as REIT, while GSIE is Foreign Large Cap Equities. BBRE tracks MSCI US REIT Index, while GSIE tracks Goldman Sachs ActiveBeta International Equity Index. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.11% for BBRE and 0.25% for GSIE.
BBRE currently has the higher Sharpe Ratio (1.69 vs 1.17), 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.
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