LPRE vs. BBRE

Last updated Jun 5, 2026

LPRE (Long Pond Real Estate Select ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds. LPRE is actively managed, while BBRE is passively managed. Over the past year, LPRE returned 19.82% vs 15.55% for BBRE. Their correlation of 0.88 suggests significant overlap in exposure. LPRE charges 1.00%/yr vs 0.11%/yr for BBRE.

Performance

LPRE vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Long Pond Real Estate Select ETF (LPRE) 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, LPRE achieves a 10.78% return, which is significantly lower than BBRE's 13.24% return.

LPRE

• 1D: 1.68%
• 1M: 4.92%
• YTD: 10.78%
• 6M: 14.50%
• 1Y: 19.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBRE

• 1D: 1.31%
• 1M: 0.49%
• YTD: 13.24%
• 6M: 12.48%
• 1Y: 15.55%
• 3Y*: 11.69%
• 5Y*: 4.69%
• 10Y*: —

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

LPRE vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025
LPRE Long Pond Real Estate Select ETF	10.78%	17.18%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	13.24%	9.52%

Correlation

The correlation between LPRE and BBRE is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.88

The correlation between LPRE and BBRE has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

LPRE vs. BBRE - Sectors Allocation Comparison

Sectors	LPRE	BBRE
Real Estate	75.0%	98.9%
Consumer Cyclical	25.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

LPRE vs. BBRE — Risk / Return Rank

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

LPRE

LPRE Risk / Return Rank: 39
LPRE Sharpe Ratio Rank: 37
LPRE Sortino Ratio Rank: 39
LPRE Omega Ratio Rank: 35
LPRE Calmar Ratio Rank: 40
LPRE Martin Ratio Rank: 42

BBRE

BBRE Risk / Return Rank: 35
BBRE Sharpe Ratio Rank: 33
BBRE Sortino Ratio Rank: 31
BBRE Omega Ratio Rank: 31
BBRE Calmar Ratio Rank: 40
BBRE Martin Ratio Rank: 39

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.

LPRE vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Long Pond Real Estate Select ETF (LPRE) 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.

	LPRE	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.16	+0.13
Sortino ratio: Return per unit of downside risk	1.93	1.63	+0.30
Omega ratio: Gain probability vs. loss probability	1.23	1.20	+0.02
Calmar ratio: Return relative to maximum drawdown	1.93	1.93	-0.01
Martin ratio: Return relative to average drawdown	6.61	6.10	+0.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LPRE vs. BBRE - Sharpe Ratio Comparison

The current LPRE Sharpe Ratio is 1.29, which is comparable to the BBRE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of LPRE 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.

Sharpe Ratios by Period

	LPRE	BBRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.16	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.32	+1.07

Drawdowns

LPRE vs. BBRE - Drawdown Comparison

The maximum LPRE drawdown since its inception was -10.33%, smaller than the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for LPRE and BBRE.

Drawdown Indicators

	LPRE	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-10.33%	-43.61%	+33.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-8.07%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.15%	—
Current Drawdown Current decline from peak	-0.07%	-1.85%	+1.78%
Average Drawdown Average peak-to-trough decline	-2.13%	-10.52%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.55%	+0.45%

Volatility

LPRE vs. BBRE - Volatility Comparison

Long Pond Real Estate Select ETF (LPRE) has a higher volatility of 4.69% compared to JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) at 4.15%. This indicates that LPRE'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.

Volatility by Period

	LPRE	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	4.15%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	9.54%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	13.44%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	18.78%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.17%	22.56%	-4.39%

LPRE vs. BBRE - Expense Ratio Comparison

LPRE has a 1.00% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

LPRE vs. BBRE - Dividend Comparison

LPRE's dividend yield for the trailing twelve months is around 1.14%, less than BBRE's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.77%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
LPRE Long Pond Real Estate Select ETF	1.14%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LPRE and BBRE in my portfolio?

LPRE and BBRE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LPRE or BBRE?

LPRE has higher volatility (4.69%) compared to BBRE (4.15%). In terms of maximum drawdown, LPRE dropped -10.33% vs BBRE's -43.61%.

Which ETF is better, LPRE or BBRE?

On 1-year performance, LPRE leads with 19.82% vs 15.55% for BBRE. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LPRE or BBRE?

Over the 1-year period, LPRE has performed better with a 19.82% return vs 15.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LPRE or BBRE?

BBRE is cheaper with a 0.11% expense ratio, compared with 1.00% for LPRE.

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

BBRE has the higher dividend yield at 2.77%, compared with 1.14% for LPRE.

What is the main difference between LPRE and BBRE?

They also come from different issuers: Long Pond and JPMorgan. Their fees differ too: 1.00% for LPRE and 0.11% for BBRE.

Which has better risk-adjusted returns?

LPRE currently has the higher Sharpe Ratio (1.29 vs 1.16), 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.