BBRE vs. RWR
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and RWR (SPDR Dow Jones REIT ETF) are both REIT funds - BBRE tracks the MSCI US REIT Index while RWR tracks the Dow Jones U.S. Select REIT Index. Both are passively managed. Over the past 5 years, BBRE returned 5.13%/yr vs 4.85%/yr for RWR. With a 0.97 correlation, they move nearly in lockstep. BBRE charges 0.11%/yr vs 0.25%/yr for RWR.
Performance
BBRE vs. RWR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BBRE having a 17.09% return and RWR slightly lower at 16.42%.
BBRE
- 1D
- 0.17%
- 1M
- 2.09%
- YTD
- 17.09%
- 6M
- 16.78%
- 1Y
- 17.71%
- 3Y*
- 13.72%
- 5Y*
- 5.13%
- 10Y*
- —
RWR
- 1D
- 0.25%
- 1M
- 2.21%
- YTD
- 16.42%
- 6M
- 15.89%
- 1Y
- 19.36%
- 3Y*
- 13.72%
- 5Y*
- 4.85%
- 10Y*
- 5.53%
BBRE vs. RWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 17.09% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.41% |
RWR SPDR Dow Jones REIT ETF | 16.42% | 3.20% | 7.74% | 13.76% | -26.09% | 45.47% | -11.40% | 22.71% | -3.10% |
Correlation
The correlation between BBRE and RWR is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.97 |
The correlation between BBRE and RWR has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
BBRE vs. RWR — Risk / Return Rank
BBRE
RWR
BBRE vs. RWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and SPDR Dow Jones REIT ETF (RWR). 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 | RWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.42 | -0.22 |
| Martin ratioReturn relative to average drawdown | 7.01 | 8.24 | -1.24 |
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Drawdowns
BBRE vs. RWR - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, smaller than the maximum RWR drawdown of -74.92%. Use the drawdown chart below to compare losses from any high point for BBRE and RWR.
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Drawdown Indicators
| BBRE | RWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -74.92% | +31.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -8.04% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -18.85% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -32.58% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.39% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.21% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -13.08% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.37% | +0.20% |
Volatility
BBRE vs. RWR - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and SPDR Dow Jones REIT ETF (RWR) have volatilities of 5.32% and 5.42%, 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 | RWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 5.42% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 10.35% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 13.99% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 19.05% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 21.55% | +0.99% |
BBRE vs. RWR - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than RWR'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. RWR - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.65%, less than RWR's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 2.65% | 3.24% | 3.19% | 3.68% | 2.62% | 1.70% | 3.17% | 2.19% | 1.96% | 0.00% | 0.00% | 0.00% |
RWR SPDR Dow Jones REIT ETF | 3.36% | 3.78% | 3.76% | 3.75% | 3.81% | 2.79% | 3.73% | 3.36% | 4.19% | 3.05% | 4.39% | 3.17% |
Frequently Asked Questions
With a correlation of 0.99, BBRE and RWR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RWR has higher volatility (5.42%) compared to BBRE (5.32%). In terms of maximum drawdown, BBRE dropped -43.61% vs RWR's -74.92%.
On 5-year performance, BBRE leads with 5.13% vs 4.85% for RWR. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 5.32%. 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 5.13% return vs 4.85%. 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 RWR.
RWR has the higher dividend yield at 3.36%, compared with 2.65% for BBRE.
BBRE tracks MSCI US REIT Index, while RWR tracks Dow Jones U.S. Select REIT Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.11% for BBRE and 0.25% for RWR.
RWR currently has the higher Sharpe Ratio (1.39 vs 1.27), 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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