ERET vs. BBRE
ERET (Ishares Environmentally Aware Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - ERET tracks the FTSE EPRA Nareit Developed Green Target Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 3 years, ERET returned 10.80%/yr vs 13.41%/yr for BBRE. Their correlation of 0.93 suggests significant overlap in exposure. ERET charges 0.30%/yr vs 0.11%/yr for BBRE.
Performance
ERET vs. BBRE - Performance Comparison
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Returns By Period
In the year-to-date period, ERET achieves a 8.23% return, which is significantly lower than BBRE's 16.14% return.
ERET
- 1D
- 0.46%
- 1M
- -0.18%
- YTD
- 8.23%
- 6M
- 8.67%
- 1Y
- 10.66%
- 3Y*
- 10.80%
- 5Y*
- —
- 10Y*
- —
BBRE
- 1D
- 0.74%
- 1M
- 1.26%
- YTD
- 16.14%
- 6M
- 16.77%
- 1Y
- 16.90%
- 3Y*
- 13.41%
- 5Y*
- 5.12%
- 10Y*
- —
ERET vs. BBRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 8.23% | 10.26% | 0.60% | 10.25% | 0.29% |
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 16.14% | 2.09% | 8.24% | 13.85% | -1.43% |
Correlation
The correlation between ERET and BBRE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.93 |
The correlation between ERET and BBRE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
ERET vs. BBRE — Risk / Return Rank
ERET
BBRE
ERET vs. BBRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) 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.
| ERET | BBRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.10 | -1.08 |
| Martin ratioReturn relative to average drawdown | 3.75 | 6.60 | -2.85 |
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Drawdowns
ERET vs. BBRE - Drawdown Comparison
The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ERET and BBRE.
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Drawdown Indicators
| ERET | BBRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -43.61% | +23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -8.07% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -18.92% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.15% | — |
Current DrawdownCurrent decline from peak | -2.48% | -0.91% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -5.78% | -10.46% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.57% | +0.28% |
Volatility
ERET vs. BBRE - Volatility Comparison
The current volatility for Ishares Environmentally Aware Real Estate ETF (ERET) is 4.13%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 5.19%. This indicates that ERET 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.
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Volatility by Period
| ERET | BBRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 5.19% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.67% | 10.23% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 13.98% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 18.81% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 22.54% | -6.79% |
ERET vs. BBRE - Expense Ratio Comparison
ERET has a 0.30% expense ratio, which is higher than BBRE's 0.11% expense ratio.
Dividends
ERET vs. BBRE - Dividend Comparison
ERET's dividend yield for the trailing twelve months is around 3.36%, more than BBRE's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 2.70% | 3.24% | 3.19% | 3.68% | 2.62% | 1.70% | 3.17% | 2.19% | 1.96% |
ERET Ishares Environmentally Aware Real Estate ETF | 3.36% | 3.79% | 4.26% | 3.67% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, ERET 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.
BBRE has higher volatility (5.19%) compared to ERET (4.13%). In terms of maximum drawdown, ERET dropped -20.30% vs BBRE's -43.61%.
On 3-year performance, BBRE leads with 13.41% vs 10.80% for ERET. On fees, BBRE is cheaper at 0.11% per year. On volatility, ERET has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BBRE has performed better with a 13.41% return vs 10.80%. 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 0.30% for ERET.
ERET has the higher dividend yield at 3.36%, compared with 2.70% for BBRE.
ERET tracks FTSE EPRA Nareit Developed Green Target Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for ERET and 0.11% for BBRE.
BBRE currently has the higher Sharpe Ratio (1.22 vs 0.87), 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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