BBRE vs. KBWY
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and KBWY (Invesco KBW Premium Yield Equity REIT ETF) are both REIT funds - BBRE tracks the MSCI US REIT Index while KBWY tracks the KBW Premium Yield Equity REIT Index. Both are passively managed. Over the past 5 years, BBRE returned 4.42%/yr vs 2.15%/yr for KBWY. Their correlation of 0.83 suggests significant overlap in exposure. BBRE charges 0.11%/yr vs 0.35%/yr for KBWY.
Performance
BBRE vs. KBWY - Performance Comparison
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Returns By Period
In the year-to-date period, BBRE achieves a 11.77% return, which is significantly lower than KBWY's 17.06% return.
BBRE
- 1D
- 0.16%
- 1M
- -0.16%
- YTD
- 11.77%
- 6M
- 10.56%
- 1Y
- 14.11%
- 3Y*
- 10.99%
- 5Y*
- 4.42%
- 10Y*
- —
KBWY
- 1D
- -0.81%
- 1M
- 5.63%
- YTD
- 17.06%
- 6M
- 17.05%
- 1Y
- 22.51%
- 3Y*
- 9.10%
- 5Y*
- 2.15%
- 10Y*
- 1.18%
BBRE vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 11.77% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.60% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 17.06% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.99% |
Correlation
The correlation between BBRE and KBWY is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018 | 0.83 |
The correlation between BBRE and KBWY has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
BBRE vs. KBWY — Risk / Return Rank
BBRE
KBWY
BBRE vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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 | KBWY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.45 | -0.69 |
| Martin ratioReturn relative to average drawdown | 5.54 | 5.82 | -0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBRE | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.38 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.10 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.20 | +0.12 |
Drawdowns
BBRE vs. KBWY - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for BBRE and KBWY.
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Drawdown Indicators
| BBRE | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -57.68% | +14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -9.24% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -29.93% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -32.29% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.68% | — |
Current DrawdownCurrent decline from peak | -3.12% | -10.82% | +7.70% |
Average DrawdownAverage peak-to-trough decline | -10.53% | -14.18% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.88% | -1.33% |
Volatility
BBRE vs. KBWY - Volatility Comparison
The current volatility for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) is 3.99%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 4.73%. This indicates that BBRE experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRE | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.73% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 11.61% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 16.44% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 21.61% | -2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 27.05% | -4.49% |
BBRE vs. KBWY - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than KBWY's 0.35% expense ratio.
Dividends
BBRE vs. KBWY - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.81%, less than KBWY's 8.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.64% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
Frequently Asked Questions
BBRE and KBWY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBWY has higher volatility (4.73%) compared to BBRE (3.99%). In terms of maximum drawdown, BBRE dropped -43.61% vs KBWY's -57.68%.
On 5-year performance, BBRE leads with 4.42% vs 2.15% for KBWY. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BBRE has performed better with a 4.42% return vs 2.15%. 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 0.35% for KBWY.
KBWY has the higher dividend yield at 8.64%, compared with 2.81% for BBRE.
BBRE tracks MSCI US REIT Index, while KBWY tracks KBW Premium Yield Equity REIT Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.11% for BBRE and 0.35% for KBWY.
KBWY currently has the higher Sharpe Ratio (1.38 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.
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