BBRE vs. JQUA
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - BBRE is a REIT fund tracking the MSCI US REIT Index, while JQUA is a Large Cap Blend Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, BBRE returned 5.24%/yr vs 13.32%/yr for JQUA. A 0.61 correlation means they provide meaningful diversification when combined. BBRE charges 0.11%/yr vs 0.12%/yr for JQUA.
Performance
BBRE vs. JQUA - Performance Comparison
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Returns By Period
In the year-to-date period, BBRE achieves a 17.71% return, which is significantly higher than JQUA's 12.99% return.
BBRE
- 1D
- 0.53%
- 1M
- 2.02%
- YTD
- 17.71%
- 6M
- 17.39%
- 1Y
- 21.44%
- 3Y*
- 12.98%
- 5Y*
- 5.24%
- 10Y*
- —
JQUA
- 1D
- 1.04%
- 1M
- 0.87%
- YTD
- 12.99%
- 6M
- 11.49%
- 1Y
- 21.51%
- 3Y*
- 19.66%
- 5Y*
- 13.32%
- 10Y*
- —
BBRE vs. JQUA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 17.71% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.41% |
JQUA JPMorgan U.S. Quality Factor ETF | 12.99% | 11.69% | 21.21% | 25.13% | -13.45% | 28.68% | 16.56% | 28.47% | -6.57% |
Correlation
The correlation between BBRE and JQUA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.61 |
Over the past year, the correlation between BBRE and JQUA has dropped to 0.34 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.
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Return for Risk
BBRE vs. JQUA — Risk / Return Rank
BBRE
JQUA
BBRE vs. JQUA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and JPMorgan U.S. Quality Factor ETF (JQUA). 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 | JQUA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.03 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.48 | 12.31 | -3.83 |
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Drawdowns
BBRE vs. JQUA - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for BBRE and JQUA.
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Drawdown Indicators
| BBRE | JQUA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -32.92% | -10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -7.13% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -16.81% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -22.47% | -8.68% |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -4.14% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.75% | +0.78% |
Volatility
BBRE vs. JQUA - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and JPMorgan U.S. Quality Factor ETF (JQUA) have volatilities of 5.31% and 5.30%, 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 | JQUA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 5.30% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 9.48% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 11.98% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.81% | 15.74% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 18.00% | +4.53% |
BBRE vs. JQUA - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than JQUA's 0.12% 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. JQUA - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.63%, more than JQUA's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 2.63% | 3.24% | 3.19% | 3.68% | 2.62% | 1.70% | 3.17% | 2.19% | 1.96% | 0.00% |
JQUA JPMorgan U.S. Quality Factor ETF | 1.10% | 1.19% | 1.24% | 1.21% | 1.60% | 1.32% | 1.44% | 1.67% | 2.10% | 0.40% |
Frequently Asked Questions
BBRE and JQUA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBRE has higher volatility (5.31%) compared to JQUA (5.30%). In terms of maximum drawdown, BBRE dropped -43.61% vs JQUA's -32.92%.
On 5-year performance, JQUA leads with 13.32% vs 5.24% for BBRE. On fees, BBRE is cheaper at 0.11% 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, JQUA has performed better with a 13.32% return vs 5.24%. 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 0.12% for JQUA.
BBRE has the higher dividend yield at 2.63%, compared with 1.10% for JQUA.
BBRE is categorized as REIT, while JQUA is Large Cap Blend Equities. BBRE tracks MSCI US REIT Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.11% for BBRE and 0.12% for JQUA.
JQUA currently has the higher Sharpe Ratio (1.81 vs 1.57), 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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