GPIQ vs. BBRE
GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both exchange-traded funds - GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs, while BBRE is a REIT fund tracking the MSCI US REIT Index. GPIQ is actively managed, while BBRE is passively managed. Over the past year, GPIQ returned 21.40% vs 24.14% for BBRE. Their 0.23 correlation means their historical movements had little consistent relationship. GPIQ charges 0.29%/yr vs 0.11%/yr for BBRE.
Performance
GPIQ vs. BBRE - Performance Comparison
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Returns By Period
In the year-to-date period, GPIQ achieves a 10.98% return, which is significantly lower than BBRE's 23.40% return.
GPIQ
- 1D
- -1.08%
- 1M
- -3.82%
- 6M
- 9.18%
- YTD
- 10.98%
- 1Y
- 21.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 26.03%
BBRE
- 1D
- 2.14%
- 1M
- 4.84%
- 6M
- 20.78%
- YTD
- 23.40%
- 1Y
- 24.14%
- 3Y*
- 12.24%
- 5Y*
- 5.60%
- 10Y*
- —
- ALL TIME*
- 8.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.35M | $4.29M | $4.76M | |
| $68.84M | $77.85M | $80.88M |
GPIQ vs. BBRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.98% | 19.77% | 23.22% | 15.17% |
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 23.40% | 2.09% | 8.24% | 23.69% |
Correlation
The correlation between GPIQ and BBRE is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.23 |
The correlation between GPIQ and BBRE shifts across timeframes, from 0.05 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GPIQ vs. BBRE — Risk / Return Rank
GPIQ
BBRE
GPIQ vs. BBRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) 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.
| GPIQ | BBRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.99 | -0.71 |
| Martin ratioReturn relative to average drawdown | 8.75 | 9.58 | -0.83 |
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Drawdowns
GPIQ vs. BBRE - Drawdown Comparison
The maximum GPIQ drawdown since its inception was -21.06%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for GPIQ and BBRE.
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Drawdown Indicators
| GPIQ | BBRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.06% | -43.61% | +22.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -8.07% | -1.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.15% | — |
Current DrawdownCurrent decline from peak | -6.47% | 0.00% | -6.47% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -10.35% | +8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.51% | -0.04% |
Volatility
GPIQ vs. BBRE - Volatility Comparison
Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) has a higher volatility of 6.13% compared to JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) at 4.86%. This indicates that GPIQ's price experiences larger fluctuations and is considered to be riskier 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
| GPIQ | BBRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.13% | 4.86% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.56% | 10.88% | +2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 14.29% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 18.81% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 22.49% | -4.52% |
GPIQ vs. BBRE - Expense Ratio Comparison
GPIQ has a 0.29% expense ratio, which is higher than BBRE's 0.11% expense ratio.
Dividends
GPIQ vs. BBRE - Dividend Comparison
GPIQ's dividend yield for the trailing twelve months is around 10.18%, more than BBRE's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 2.51% | 3.24% | 3.19% | 3.68% | 2.62% | 1.70% | 3.17% | 2.19% | 1.96% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 10.18% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPIQ and BBRE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GPIQ has higher volatility (6.13%) compared to BBRE (4.86%). In terms of maximum drawdown, GPIQ dropped -21.06% vs BBRE's -43.61%.
On 1-year performance, BBRE leads with 24.14% vs 21.40% for GPIQ. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 4.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BBRE has performed better with a 24.14% return vs 21.40%. 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 0.29% for GPIQ.
GPIQ has the higher dividend yield at 10.18%, compared with 2.51% for BBRE.
GPIQ is categorized as Nasdaq-100, while BBRE is REIT. They also come from different issuers: Goldman Sachs and JPMorgan. Their fees differ too: 0.29% for GPIQ and 0.11% for BBRE.
BBRE currently has the higher Sharpe Ratio (1.69 vs 1.34), 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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