BBRE vs. SPRE
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and SPRE (SP Funds S&P Global REIT Sharia ETF) are both REIT funds - BBRE tracks the MSCI US REIT Index while SPRE tracks the S&P Global All Equity REIT Shariah Capped Index. Both are passively managed. Over the past 5 years, BBRE returned 5.13%/yr vs 1.93%/yr for SPRE. Their correlation of 0.91 suggests significant overlap in exposure. BBRE charges 0.11%/yr vs 0.69%/yr for SPRE.
Performance
BBRE vs. SPRE - Performance Comparison
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Returns By Period
In the year-to-date period, BBRE achieves a 17.09% return, which is significantly higher than SPRE's 11.02% return.
BBRE
- 1D
- 0.17%
- 1M
- 2.09%
- YTD
- 17.09%
- 6M
- 16.78%
- 1Y
- 17.71%
- 3Y*
- 13.72%
- 5Y*
- 5.13%
- 10Y*
- —
SPRE
- 1D
- 0.16%
- 1M
- 1.38%
- YTD
- 11.02%
- 6M
- 10.24%
- 1Y
- 12.50%
- 3Y*
- 8.57%
- 5Y*
- 1.93%
- 10Y*
- —
BBRE vs. SPRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 17.09% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | 1.40% |
SPRE SP Funds S&P Global REIT Sharia ETF | 11.02% | 3.07% | 2.11% | 9.40% | -29.48% | 44.78% | -0.17% |
Correlation
The correlation between BBRE and SPRE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2020 | 0.91 |
The correlation between BBRE and SPRE has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
BBRE vs. SPRE — Risk / Return Rank
BBRE
SPRE
BBRE vs. SPRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and SP Funds S&P Global REIT Sharia ETF (SPRE). 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 | SPRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.30 | +0.90 |
| Martin ratioReturn relative to average drawdown | 7.01 | 4.68 | +2.33 |
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Drawdowns
BBRE vs. SPRE - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, which is greater than SPRE's maximum drawdown of -38.34%. Use the drawdown chart below to compare losses from any high point for BBRE and SPRE.
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Drawdown Indicators
| BBRE | SPRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -38.34% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -9.63% | +1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -22.04% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -38.34% | +7.19% |
Current DrawdownCurrent decline from peak | -0.10% | -9.87% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -17.84% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.78% | -0.21% |
Volatility
BBRE vs. SPRE - Volatility Comparison
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a higher volatility of 5.32% compared to SP Funds S&P Global REIT Sharia ETF (SPRE) at 4.67%. This indicates that BBRE's price experiences larger fluctuations and is considered to be riskier than SPRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRE | SPRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 4.67% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 10.17% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 13.59% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 18.78% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 18.39% | +4.15% |
BBRE vs. SPRE - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than SPRE's 0.69% expense ratio.
Dividends
BBRE vs. SPRE - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.65%, less than SPRE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SPRE SP Funds S&P Global REIT Sharia ETF | 3.75% | 4.10% | 4.13% | 4.16% | 4.17% | 2.83% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBRE and SPRE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBRE has higher volatility (5.32%) compared to SPRE (4.67%). In terms of maximum drawdown, BBRE dropped -43.61% vs SPRE's -38.34%.
On 5-year performance, BBRE leads with 5.13% vs 1.93% for SPRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, SPRE has been the lower-risk option at 4.67%. 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 1.93%. 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 0.69% for SPRE.
SPRE has the higher dividend yield at 3.75%, compared with 2.65% for BBRE.
BBRE tracks MSCI US REIT Index, while SPRE tracks S&P Global All Equity REIT Shariah Capped Index. They also come from different issuers: JPMorgan and Toroso Investments. Their fees differ too: 0.11% for BBRE and 0.69% for SPRE.
BBRE currently has the higher Sharpe Ratio (1.27 vs 0.92), 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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