BBRE vs. HDV
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 5 years, BBRE returned 5.60%/yr vs 12.15%/yr for HDV. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BBRE charges 0.11%/yr vs 0.08%/yr for HDV.
Performance
BBRE vs. HDV - 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 HDV's 20.12% 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%
HDV
- 1D
- 1.23%
- 1M
- 4.76%
- 6M
- 13.60%
- YTD
- 20.12%
- 1Y
- 24.04%
- 3Y*
- 15.34%
- 5Y*
- 12.15%
- 10Y*
- 9.50%
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.35M | $4.29M | $4.76M | |
| $163.75M | $142.23M | $95.79M |
BBRE vs. HDV - 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% |
HDV iShares Core High Dividend ETF | 20.12% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | 0.51% |
Correlation
The correlation between BBRE and HDV is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.60 |
The correlation between BBRE and HDV has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
BBRE vs. HDV — Risk / Return Rank
BBRE
HDV
BBRE vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 4.65 | -1.66 |
| Martin ratioReturn relative to average drawdown | 9.58 | 12.72 | -3.14 |
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Drawdowns
BBRE vs. HDV - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for BBRE and HDV.
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Drawdown Indicators
| BBRE | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -37.04% | -6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -5.18% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -10.49% | -8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -15.42% | -15.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.35% | -3.07% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 1.89% | +0.62% |
Volatility
BBRE vs. HDV - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and iShares Core High Dividend ETF (HDV) have volatilities of 4.86% and 4.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRE | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.86% | 4.88% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 8.55% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.29% | 10.74% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 12.93% | +5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 15.77% | +6.72% |
BBRE vs. HDV - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is higher than HDV's 0.08% 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. HDV - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.51%, less than HDV's 3.07% 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% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
BBRE and HDV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.88%) compared to BBRE (4.86%). In terms of maximum drawdown, BBRE dropped -43.61% vs HDV's -37.04%.
On 5-year performance, HDV leads with 12.15% vs 5.60% for BBRE. On fees, HDV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HDV has performed better with a 12.15% return vs 5.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.11% for BBRE.
HDV has the higher dividend yield at 3.07%, compared with 2.51% for BBRE.
BBRE is categorized as REIT, while HDV is Dividend. BBRE tracks MSCI US REIT Index, while HDV tracks Morningstar Dividend Yield Focus Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.11% for BBRE and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.24 vs 1.69), 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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