BBRE vs. JEPQ

Last updated Jun 4, 2026

BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, BBRE returned 10.99%/yr vs 20.92%/yr for JEPQ. At a 0.43 correlation, their price movements are largely independent. BBRE charges 0.11%/yr vs 0.35%/yr for JEPQ.

Performance

BBRE vs. JEPQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBRE achieves a 11.77% return, which is significantly higher than JEPQ's 9.54% return.

BBRE

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

JEPQ

• 1D: -0.10%
• 1M: 4.31%
• YTD: 9.54%
• 6M: 9.75%
• 1Y: 29.00%
• 3Y*: 20.92%
• 5Y*: —
• 10Y*: —

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

BBRE vs. JEPQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	11.77%	2.09%	8.24%	13.85%	-17.36%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.54%	15.18%	24.85%	36.28%	-12.89%

Correlation

The correlation between BBRE and JEPQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 5, 2022	0.43

Over the past year, the correlation between BBRE and JEPQ has dropped to 0.18 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

BBRE vs. JEPQ - Sectors Allocation Comparison

Sectors	BBRE	JEPQ
Real Estate	98.9%	0.2%
Financial Services	0.1%	0.4%
Basic Materials	-	1.0%
Communication Services	-	15.4%
Consumer Cyclical	-	12.8%
Consumer Defensive	-	7.1%
Energy	-	0.4%
Healthcare	-	4.4%
Industrials	-	3.1%
Technology	-	54.0%
Utilities	-	1.3%

Return for Risk

BBRE vs. JEPQ — 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

JEPQ

JEPQ Risk / Return Rank: 74
JEPQ Sharpe Ratio Rank: 74
JEPQ Sortino Ratio Rank: 71
JEPQ Omega Ratio Rank: 80
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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. JEPQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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	JEPQ	Difference
Sharpe ratio: Return per unit of total volatility	1.06	2.49	-1.43
Sortino ratio: Return per unit of downside risk	1.50	3.29	-1.79
Omega ratio: Gain probability vs. loss probability	1.19	1.49	-0.30
Calmar ratio: Return relative to maximum drawdown	1.76	3.31	-1.55
Martin ratio: Return relative to average drawdown	5.54	16.22	-10.68
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. JEPQ - Sharpe Ratio Comparison

The current BBRE Sharpe Ratio is 1.06, which is lower than the JEPQ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of BBRE and JEPQ, 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	JEPQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	2.49	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.00	-0.69

Drawdowns

BBRE vs. JEPQ - Drawdown Comparison

The maximum BBRE drawdown since its inception was -43.61%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for BBRE and JEPQ.

Drawdown Indicators

	BBRE	JEPQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-20.07%	-23.54%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-8.82%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-20.07%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-31.15%	—	—
Current Drawdown Current decline from peak	-3.12%	-0.10%	-3.02%
Average Drawdown Average peak-to-trough decline	-10.53%	-3.42%	-7.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	1.79%	+0.76%

Volatility

BBRE vs. JEPQ - Volatility Comparison

JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 3.99% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBRE	JEPQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	1.26%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	9.07%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	11.73%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	16.61%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.56%	16.61%	+5.95%

BBRE vs. JEPQ - Expense Ratio Comparison

BBRE has a 0.11% expense ratio, which is lower than JEPQ's 0.35% expense ratio.

Dividends

BBRE vs. JEPQ - Dividend Comparison

BBRE's dividend yield for the trailing twelve months is around 2.81%, less than JEPQ's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.07%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BBRE and JEPQ in my portfolio?

BBRE and JEPQ have a correlation of 0.18, 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 JEPQ?

BBRE has higher volatility (3.99%) compared to JEPQ (1.26%). In terms of maximum drawdown, BBRE dropped -43.61% vs JEPQ's -20.07%.

Which ETF is better, BBRE or JEPQ?

On 3-year performance, JEPQ leads with 20.92% vs 10.99% for BBRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBRE or JEPQ?

Over the 3-year period, JEPQ has performed better with a 20.92% return vs 10.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBRE or JEPQ?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.35% for JEPQ.

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

JEPQ has the higher dividend yield at 10.07%, compared with 2.81% for BBRE.

What is the main difference between BBRE and JEPQ?

BBRE is categorized as REIT, while JEPQ is Nasdaq-100. BBRE tracks MSCI US REIT Index, while JEPQ tracks Nasdaq-100 Index. Their fees differ too: 0.11% for BBRE and 0.35% for JEPQ.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.49 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.