DFGR vs. BBRE

Last updated Jun 23, 2026

DFGR (Dimensional Global Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds. DFGR is actively managed, while BBRE is passively managed. Over the past 3 years, DFGR returned 10.99%/yr vs 13.13%/yr for BBRE. With a 0.96 correlation, they move nearly in lockstep. DFGR charges 0.22%/yr vs 0.11%/yr for BBRE.

Performance

DFGR vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Global Real Estate ETF (DFGR) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFGR achieves a 9.95% return, which is significantly lower than BBRE's 15.29% return.

DFGR

• 1D: 0.94%
• 1M: 0.00%
• YTD: 9.95%
• 6M: 10.79%
• 1Y: 12.29%
• 3Y*: 10.99%
• 5Y*: —
• 10Y*: —

BBRE

• 1D: 1.19%
• 1M: 0.51%
• YTD: 15.29%
• 6M: 15.60%
• 1Y: 17.50%
• 3Y*: 13.13%
• 5Y*: 4.88%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFGR vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DFGR Dimensional Global Real Estate ETF	9.95%	7.65%	1.89%	9.64%	-1.20%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	15.29%	2.09%	8.24%	13.85%	-2.20%

Correlation

The correlation between DFGR and BBRE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 7, 2022	0.96

The correlation between DFGR and BBRE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

DFGR vs. BBRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFGR

DFGR Risk / Return Rank: 29
DFGR Sharpe Ratio Rank: 29
DFGR Sortino Ratio Rank: 27
DFGR Omega Ratio Rank: 27
DFGR Calmar Ratio Rank: 28
DFGR Martin Ratio Rank: 33

BBRE

BBRE Risk / Return Rank: 38
BBRE Sharpe Ratio Rank: 36
BBRE Sortino Ratio Rank: 34
BBRE Omega Ratio Rank: 34
BBRE Calmar Ratio Rank: 45
BBRE Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFGR vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Global Real Estate ETF (DFGR) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). 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.

	DFGR	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	1.00	1.26	-0.25
Sortino ratio: Return per unit of downside risk	1.44	1.76	-0.32
Omega ratio: Gain probability vs. loss probability	1.18	1.22	-0.04
Calmar ratio: Return relative to maximum drawdown	1.35	2.18	-0.83
Martin ratio: Return relative to average drawdown	4.75	6.84	-2.09

DFGR vs. BBRE - Sharpe Ratio Comparison

The current DFGR Sharpe Ratio is 1.00, which is comparable to the BBRE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of DFGR and BBRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DFGR vs. BBRE - Drawdown Comparison

The maximum DFGR drawdown since its inception was -21.28%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for DFGR and BBRE.

Drawdown Indicators

	DFGR	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-21.28%	-43.61%	+22.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-8.07%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-17.57%	-18.92%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.15%	—
Current Drawdown Current decline from peak	-1.83%	-1.64%	-0.19%
Average Drawdown Average peak-to-trough decline	-6.23%	-10.46%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.57%	+0.02%

Volatility

DFGR vs. BBRE - Volatility Comparison

The current volatility for Dimensional Global Real Estate ETF (DFGR) is 4.21%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 5.15%. This indicates that DFGR experiences smaller price fluctuations and is considered to be less risky than BBRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFGR	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	5.15%	-0.94%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	10.23%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	13.99%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	18.81%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.43%	22.54%	-7.11%

DFGR vs. BBRE - Expense Ratio Comparison

DFGR has a 0.22% expense ratio, which is higher than BBRE's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFGR vs. BBRE - Dividend Comparison

DFGR's dividend yield for the trailing twelve months is around 3.87%, more than BBRE's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.72%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
DFGR Dimensional Global Real Estate ETF	3.87%	4.05%	3.73%	2.77%	0.59%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFGR and BBRE in my portfolio?

With a correlation of 0.94, DFGR and BBRE 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.

Which is riskier, DFGR or BBRE?

BBRE has higher volatility (5.15%) compared to DFGR (4.21%). In terms of maximum drawdown, DFGR dropped -21.28% vs BBRE's -43.61%.

Which ETF is better, DFGR or BBRE?

On 3-year performance, BBRE leads with 13.13% vs 10.99% for DFGR. On fees, BBRE is cheaper at 0.11% per year. On volatility, DFGR has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFGR or BBRE?

Over the 3-year period, BBRE has performed better with a 13.13% return vs 10.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFGR or BBRE?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.22% for DFGR.

Which ETF pays a higher dividend yield, DFGR or BBRE?

DFGR has the higher dividend yield at 3.87%, compared with 2.72% for BBRE.

What is the main difference between DFGR and BBRE?

They also come from different issuers: Dimensional and JPMorgan. Their fees differ too: 0.22% for DFGR and 0.11% for BBRE.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.26 vs 1.00), 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.