BBRE vs. GSWO
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and GSWO (Goldman Sachs ActiveBeta World Equity ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while GSWO is a Global Equities fund tracking the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, BBRE returned 12.24%/yr vs 16.39%/yr for GSWO. Their 0.63 correlation means they have sometimes moved together and sometimes differently. BBRE charges 0.11%/yr vs 0.25%/yr for GSWO.
Performance
BBRE vs. GSWO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BBRE achieves a 23.40% return, which is significantly higher than GSWO's 9.77% 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%
GSWO
- 1D
- 0.17%
- 1M
- 0.80%
- 6M
- 8.66%
- YTD
- 9.77%
- 1Y
- 15.09%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.35M | $4.29M | $4.76M | |
| $3.06M | $3.14M | $3.93M |
BBRE vs. GSWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 23.40% | 2.09% | 8.24% | 13.85% | -18.15% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 9.77% | 18.97% | 15.29% | 16.28% | -6.15% |
Correlation
The correlation between BBRE and GSWO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.63 |
Over the past year, the correlation between BBRE and GSWO has dropped to 0.37 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBRE vs. GSWO — Risk / Return Rank
BBRE
GSWO
BBRE vs. GSWO - 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 World Equity ETF (GSWO). 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 | GSWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.72 | +1.28 |
| Martin ratioReturn relative to average drawdown | 9.58 | 7.82 | +1.76 |
Loading charts...
Drawdowns
BBRE vs. GSWO - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, which is greater than GSWO's maximum drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for BBRE and GSWO.
Loading charts...
Drawdown Indicators
| BBRE | GSWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -17.77% | -25.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -8.93% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -9.97% | -8.95% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.97% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -3.19% | -7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.95% | +0.56% |
Volatility
BBRE vs. GSWO - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 4.86% compared to Goldman Sachs ActiveBeta World Equity ETF (GSWO) at 3.09%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than GSWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBRE | GSWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 3.09% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 10.30% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 11.66% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 13.02% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 13.02% | +9.47% |
BBRE vs. GSWO - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than GSWO'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. GSWO - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.51%, more than GSWO's 1.55% 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% |
GSWO Goldman Sachs ActiveBeta World Equity ETF | 1.55% | 1.74% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBRE and GSWO have a correlation of 0.37, 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 GSWO (3.09%). In terms of maximum drawdown, BBRE dropped -43.61% vs GSWO's -17.77%.
On 3-year performance, GSWO leads with 16.39% vs 12.24% for BBRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, GSWO has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GSWO has performed better with a 16.39% return vs 12.24%. 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 GSWO.
BBRE has the higher dividend yield at 2.51%, compared with 1.55% for GSWO.
BBRE is categorized as REIT, while GSWO is Global Equities. BBRE tracks MSCI US REIT Index, while GSWO tracks Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.11% for BBRE and 0.25% for GSWO.
BBRE currently has the higher Sharpe Ratio (1.69 vs 1.31), 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.
Find the right allocation for BBRE and GSWO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer