NURE vs. BBRE

Last updated Jun 6, 2026

NURE (Nuveen Short-Term REIT ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - NURE tracks the Dow Jones U.S. Select Short-Term REIT Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, NURE returned 2.17%/yr vs 4.91%/yr for BBRE. Their correlation of 0.91 suggests significant overlap in exposure. NURE charges 0.35%/yr vs 0.11%/yr for BBRE.

Performance

NURE vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Short-Term REIT ETF (NURE) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with NURE at 14.42% and BBRE at 14.42%.

NURE

• 1D: 0.74%
• 1M: 4.71%
• YTD: 14.42%
• 6M: 17.40%
• 1Y: 11.71%
• 3Y*: 5.82%
• 5Y*: 2.17%
• 10Y*: —

BBRE

• 1D: 1.04%
• 1M: 0.09%
• YTD: 14.42%
• 6M: 13.84%
• 1Y: 17.12%
• 3Y*: 11.72%
• 5Y*: 4.91%
• 10Y*: —

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

NURE vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NURE Nuveen Short-Term REIT ETF	14.42%	-7.51%	6.65%	13.09%	-28.48%	53.41%	-7.24%	25.10%	-3.95%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	14.42%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-2.60%

Correlation

The correlation between NURE 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 (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.91

The correlation between NURE and BBRE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

NURE vs. BBRE - Sectors Allocation Comparison

Sectors	NURE	BBRE
Real Estate	100.0%	98.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NURE vs. BBRE — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 23
NURE Sharpe Ratio Rank: 23
NURE Sortino Ratio Rank: 22
NURE Omega Ratio Rank: 21
NURE Calmar Ratio Rank: 28
NURE Martin Ratio Rank: 23

BBRE

BBRE Risk / Return Rank: 39
BBRE Sharpe Ratio Rank: 37
BBRE Sortino Ratio Rank: 35
BBRE Omega Ratio Rank: 35
BBRE Calmar Ratio Rank: 45
BBRE Martin Ratio Rank: 43

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.

NURE vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) 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.

	NURE	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.28	-0.54
Sortino ratio: Return per unit of downside risk	1.16	1.78	-0.62
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	1.29	2.13	-0.84
Martin ratio: Return relative to average drawdown	2.67	6.72	-4.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NURE vs. BBRE - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 0.74, which is lower than the BBRE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of NURE 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

	NURE	BBRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.28	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.26	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.33	-0.05

Drawdowns

NURE vs. BBRE - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than BBRE's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for NURE and BBRE.

Drawdown Indicators

	NURE	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-43.61%	-2.44%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-8.07%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-18.92%	-2.11%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-31.15%	-4.83%
Current Drawdown Current decline from peak	-9.79%	-0.83%	-8.96%
Average Drawdown Average peak-to-trough decline	-12.30%	-10.52%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.39%	2.55%	+1.84%

Volatility

NURE vs. BBRE - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) has a higher volatility of 4.50% compared to JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) at 4.02%. This indicates that NURE'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

	NURE	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	4.02%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	9.59%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	13.48%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.67%	18.78%	+0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.81%	22.56%	-0.75%

NURE vs. BBRE - Expense Ratio Comparison

NURE has a 0.35% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

NURE vs. BBRE - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.34%, more than BBRE's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.75%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%	0.00%	0.00%
NURE Nuveen Short-Term REIT ETF	4.34%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NURE and BBRE in my portfolio?

NURE 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, NURE or BBRE?

NURE has higher volatility (4.50%) compared to BBRE (4.02%). In terms of maximum drawdown, NURE dropped -46.05% vs BBRE's -43.61%.

Which ETF is better, NURE or BBRE?

On 5-year performance, BBRE leads with 4.91% vs 2.17% for NURE. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NURE or BBRE?

Over the 5-year period, BBRE has performed better with a 4.91% return vs 2.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or BBRE?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.35% for NURE.

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

NURE has the higher dividend yield at 4.34%, compared with 2.75% for BBRE.

What is the main difference between NURE and BBRE?

NURE tracks Dow Jones U.S. Select Short-Term REIT Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: Nuveen and JPMorgan. Their fees differ too: 0.35% for NURE and 0.11% for BBRE.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.28 vs 0.74), 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.