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IFGL vs. BBRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFGL vs. BBRE

Last updated Jun 4, 2026

IFGL (iShares International Developed Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, IFGL returned -2.66%/yr vs 4.42%/yr for BBRE. A 0.59 correlation means they provide meaningful diversification when combined. IFGL charges 0.48%/yr vs 0.11%/yr for BBRE.

Performance

IFGL vs. BBRE - Performance Comparison

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

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Returns By Period

In the year-to-date period, IFGL achieves a -2.19% return, which is significantly lower than BBRE's 11.77% return.

IFGL

1D
-1.17%
1M
-4.06%
YTD
-2.19%
6M
-0.58%
1Y
6.13%
3Y*
6.59%
5Y*
-2.66%
10Y*
1.41%

BBRE

1D
0.16%
1M
-0.16%
YTD
11.77%
6M
10.56%
1Y
14.11%
3Y*
10.99%
5Y*
4.42%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFGL vs. BBRE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IFGL
iShares International Developed Real Estate ETF		-2.19%24.31%-7.25%5.40%-24.21%8.29%-7.62%20.65%-6.90%
BBRE
JPMorgan BetaBuilders MSCI US REIT ETF		11.77%2.09%8.24%13.85%-24.68%42.99%-7.55%26.06%-2.60%

Correlation

The correlation between IFGL and BBRE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.59

The correlation between IFGL and BBRE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.

IFGL vs. BBRE - Sectors Allocation Comparison

Sectors
IFGL
BBRE

Real Estate

98.9%
98.9%

Technology

1.1%

-

Consumer Cyclical

0.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

0.1%

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Real Estate

IFGL
98.9%
BBRE
98.9%

Technology

IFGL
1.1%
BBRE

-

Consumer Cyclical

IFGL
0.1%
BBRE

-

Basic Materials

IFGL

-

BBRE

-

Communication Services

IFGL

-

BBRE

-

Consumer Defensive

IFGL

-

BBRE

-

Energy

IFGL

-

BBRE

-

Financial Services

IFGL

-

BBRE
0.1%

Healthcare

IFGL

-

BBRE

-

Industrials

IFGL

-

BBRE

-

Utilities

IFGL

-

BBRE

-

Compare stocks, funds, or ETFs

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iShares International Developed Real Estate ETF

JPMorgan BetaBuilders MSCI US REIT ETF

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Often compared with BBRE:
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Return for Risk

IFGL vs. BBRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFGL
IFGL Risk / Return Rank: 1515
Overall Rank
IFGL Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
IFGL Sortino Ratio Rank: 1515
Sortino Ratio Rank
IFGL Omega Ratio Rank: 1515
Omega Ratio Rank
IFGL Calmar Ratio Rank: 1414
Calmar Ratio Rank
IFGL Martin Ratio Rank: 1515
Martin Ratio Rank
BBRE
BBRE Risk / Return Rank: 3131
Overall Rank
BBRE Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
BBRE Sortino Ratio Rank: 2727
Sortino Ratio Rank
BBRE Omega Ratio Rank: 2727
Omega Ratio Rank
BBRE Calmar Ratio Rank: 3535
Calmar Ratio Rank
BBRE Martin Ratio Rank: 3535
Martin Ratio Rank
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.

IFGL vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) 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.

IFGLBBREDifference
Sharpe ratioReturn per unit of total volatility
0.45
1.06

-0.61

Sortino ratioReturn per unit of downside risk
0.74
1.50

-0.76

Omega ratioGain probability vs. loss probability

1.09

1.19

-0.10

Calmar ratioReturn relative to maximum drawdown

0.43

1.76

-1.33

Martin ratioReturn relative to average drawdown

1.32

5.54

-4.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFGL vs. BBRE - Sharpe Ratio Comparison

The current IFGL Sharpe Ratio is 0.45, which is lower than the BBRE Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of IFGL 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.

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Sharpe Ratios by Period

IFGLBBREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

1.06

-0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.16

0.24

-0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.09

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.04

0.31

-0.27

Drawdowns

IFGL vs. BBRE - Drawdown Comparison

The maximum IFGL drawdown since its inception was -67.94%, which is greater than BBRE's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for IFGL and BBRE.

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Drawdown Indicators

IFGLBBREDifference

Max Drawdown

Largest peak-to-trough decline

-67.94%

-43.61%

-24.33%

Max Drawdown (1Y)

Largest decline over 1 year

-14.38%

-8.07%

-6.31%

Max Drawdown (3Y)

Largest decline over 3 years

-18.77%

-18.92%

+0.15%

Max Drawdown (5Y)

Largest decline over 5 years

-38.47%

-31.15%

-7.32%

Max Drawdown (10Y)

Largest decline over 10 years

-40.38%

—

—

Current Drawdown

Current decline from peak

-14.94%

-3.12%

-11.82%

Average Drawdown

Average peak-to-trough decline

-16.68%

-10.53%

-6.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.65%

2.55%

+2.10%

Volatility

IFGL vs. BBRE - Volatility Comparison

iShares International Developed Real Estate ETF (IFGL) has a higher volatility of 4.54% compared to JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) at 3.99%. This indicates that IFGL'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

IFGLBBREDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.54%

3.99%

+0.55%

Volatility (6M)

Calculated over the trailing 6-month period

11.46%

9.47%

+1.99%

Volatility (1Y)

Calculated over the trailing 1-year period

13.68%

13.39%

+0.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.38%

18.77%

-2.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

22.56%

-5.97%

IFGL vs. BBRE - Expense Ratio Comparison

IFGL has a 0.48% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

IFGL vs. BBRE - Dividend Comparison

IFGL's dividend yield for the trailing twelve months is around 3.90%, more than BBRE's 2.81% yield.

PositionTTM20252024202320222021202020192018201720162015
BBRE
JPMorgan BetaBuilders MSCI US REIT ETF		2.81%3.24%3.19%3.68%2.62%1.70%3.17%2.19%1.96%0.00%0.00%0.00%
IFGL
iShares International Developed Real Estate ETF		3.90%3.71%4.83%1.82%2.79%3.25%2.17%7.60%4.10%4.90%7.68%3.70%

Frequently Asked Questions

IFGL and BBRE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IFGL has higher volatility (4.54%) compared to BBRE (3.99%). In terms of maximum drawdown, IFGL dropped -67.94% vs BBRE's -43.61%.

On 5-year performance, BBRE leads with 4.42% vs -2.66% for IFGL. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 3.99%. 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 4.42% return vs -2.66%. 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 0.48% for IFGL.

IFGL has the higher dividend yield at 3.90%, compared with 2.81% for BBRE.

IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.48% for IFGL and 0.11% for BBRE.

BBRE currently has the higher Sharpe Ratio (1.06 vs 0.45), 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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