BBRE vs. URE
BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) and URE (ProShares Ultra Real Estate) are both REIT funds - BBRE tracks the MSCI US REIT Index while URE tracks the Dow Jones U.S. Real Estate Index (200%). Both are passively managed. Over the past 5 years, BBRE returned 5.13%/yr vs -3.35%/yr for URE. With a 0.95 correlation, they move nearly in lockstep. BBRE charges 0.11%/yr vs 0.95%/yr for URE.
Performance
BBRE vs. URE - Performance Comparison
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Returns By Period
In the year-to-date period, BBRE achieves a 17.09% return, which is significantly lower than URE's 20.03% return.
BBRE
- 1D
- 0.17%
- 1M
- 2.09%
- YTD
- 17.09%
- 6M
- 16.78%
- 1Y
- 17.71%
- 3Y*
- 13.72%
- 5Y*
- 5.13%
- 10Y*
- —
URE
- 1D
- -1.05%
- 1M
- 0.19%
- YTD
- 20.03%
- 6M
- 19.27%
- 1Y
- 8.98%
- 3Y*
- 12.32%
- 5Y*
- -3.35%
- 10Y*
- 3.18%
BBRE vs. URE - 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% |
URE ProShares Ultra Real Estate | 20.03% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -8.56% |
Correlation
The correlation between BBRE and URE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.95 |
The correlation between BBRE and URE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
BBRE vs. URE — Risk / Return Rank
BBRE
URE
BBRE vs. URE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and ProShares Ultra Real Estate (URE). 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 | URE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.55 | +1.66 |
| Martin ratioReturn relative to average drawdown | 7.01 | 1.33 | +5.68 |
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Drawdowns
BBRE vs. URE - Drawdown Comparison
The maximum BBRE drawdown since its inception was -43.61%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for BBRE and URE.
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Drawdown Indicators
| BBRE | URE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -97.16% | +53.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -16.50% | +8.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -33.77% | +14.85% |
Max Drawdown (5Y)Largest decline over 5 years | -31.15% | -63.66% | +32.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.49% | — |
Current DrawdownCurrent decline from peak | -0.10% | -50.16% | +50.06% |
Average DrawdownAverage peak-to-trough decline | -10.45% | -64.47% | +54.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 6.87% | -4.30% |
Volatility
BBRE vs. URE - Volatility Comparison
The current volatility for JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) is 5.32%, while ProShares Ultra Real Estate (URE) has a volatility of 10.70%. This indicates that BBRE experiences smaller price fluctuations and is considered to be less risky than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBRE | URE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 10.70% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 21.29% | -11.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 28.06% | -14.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 37.44% | -18.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.54% | 40.63% | -18.09% |
BBRE vs. URE - Expense Ratio Comparison
BBRE has a 0.11% expense ratio, which is lower than URE's 0.95% expense ratio.
Dividends
BBRE vs. URE - Dividend Comparison
BBRE's dividend yield for the trailing twelve months is around 2.65%, more than URE's 1.95% 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% |
URE ProShares Ultra Real Estate | 1.95% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Frequently Asked Questions
With a correlation of 0.93, BBRE and URE 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.
URE has higher volatility (10.70%) compared to BBRE (5.32%). In terms of maximum drawdown, BBRE dropped -43.61% vs URE's -97.16%.
On 5-year performance, BBRE leads with 5.13% vs -3.35% for URE. 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 -3.35%. 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 0.95% for URE.
BBRE has the higher dividend yield at 2.65%, compared with 1.95% for URE.
BBRE tracks MSCI US REIT Index, while URE tracks Dow Jones U.S. Real Estate Index (200%). They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.11% for BBRE and 0.95% for URE.
BBRE currently has the higher Sharpe Ratio (1.27 vs 0.32), 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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