HDV vs. BBRE
HDV (iShares Core High Dividend ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both exchange-traded funds - HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index, while BBRE is a REIT fund tracking the MSCI US REIT Index. Both are passively managed. Over the past 5 years, HDV returned 12.15%/yr vs 5.60%/yr for BBRE. Their 0.60 correlation means they have sometimes moved together and sometimes differently. HDV charges 0.08%/yr vs 0.11%/yr for BBRE.
Performance
HDV vs. BBRE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HDV achieves a 20.12% return, which is significantly lower than BBRE's 23.40% return.
HDV
- 1D
- 1.23%
- 1M
- 4.76%
- 6M
- 13.60%
- YTD
- 20.12%
- 1Y
- 24.04%
- 3Y*
- 15.34%
- 5Y*
- 12.15%
- 10Y*
- 9.50%
- ALL TIME*
- 10.85%
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 | |
| $163.75M | $142.23M | $95.79M |
HDV vs. BBRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 20.12% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | 0.51% |
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 23.40% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.41% |
Correlation
The correlation between HDV and BBRE is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.60 |
The correlation between HDV and BBRE has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDV vs. BBRE — Risk / Return Rank
HDV
BBRE
HDV vs. BBRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core High Dividend ETF (HDV) 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.
| HDV | BBRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.99 | +1.66 |
| Martin ratioReturn relative to average drawdown | 12.72 | 9.58 | +3.14 |
Loading charts...
Drawdowns
HDV vs. BBRE - Drawdown Comparison
The maximum HDV drawdown since its inception was -37.04%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for HDV and BBRE.
Loading charts...
Drawdown Indicators
| HDV | BBRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.04% | -43.61% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -8.07% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.49% | -18.92% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -31.15% | +15.73% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -10.35% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.51% | -0.62% |
Volatility
HDV vs. BBRE - Volatility Comparison
iShares Core High Dividend ETF (HDV) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) have volatilities of 4.88% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HDV | BBRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 4.86% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 10.88% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.74% | 14.29% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 18.81% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 22.49% | -6.72% |
HDV vs. BBRE - Expense Ratio Comparison
HDV has a 0.08% expense ratio, which is lower than BBRE's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
HDV vs. BBRE - Dividend Comparison
HDV's dividend yield for the trailing twelve months is around 3.07%, more than BBRE's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
HDV and BBRE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDV has higher volatility (4.88%) compared to BBRE (4.86%). In terms of maximum drawdown, HDV dropped -37.04% vs BBRE's -43.61%.
On 5-year performance, HDV leads with 12.15% vs 5.60% for BBRE. On fees, HDV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HDV has performed better with a 12.15% return vs 5.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.11% for BBRE.
HDV has the higher dividend yield at 3.07%, compared with 2.51% for BBRE.
HDV is categorized as Dividend, while BBRE is REIT. HDV tracks Morningstar Dividend Yield Focus Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.08% for HDV and 0.11% for BBRE.
HDV currently has the higher Sharpe Ratio (2.24 vs 1.69), 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.
Find the right allocation for HDV and BBRE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer