PPTY vs. BBRE

Last updated Jun 23, 2026

PPTY (US Diversified Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - PPTY tracks the USREX - U.S. Diversified Real Estate Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, PPTY returned 2.74%/yr vs 4.88%/yr for BBRE. With a 0.96 correlation, they move nearly in lockstep. PPTY charges 0.49%/yr vs 0.11%/yr for BBRE.

Performance

PPTY vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Diversified Real Estate ETF (PPTY) 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, PPTY achieves a 12.29% return, which is significantly lower than BBRE's 15.29% return.

PPTY

• 1D: 0.66%
• 1M: 1.48%
• YTD: 12.29%
• 6M: 12.58%
• 1Y: 12.90%
• 3Y*: 10.79%
• 5Y*: 2.74%
• 10Y*: —

BBRE

• 1D: 1.19%
• 1M: 0.51%
• YTD: 15.29%
• 6M: 15.60%
• 1Y: 17.50%
• 3Y*: 13.13%
• 5Y*: 4.88%
• 10Y*: —

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

PPTY vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PPTY US Diversified Real Estate ETF	12.29%	-3.47%	9.85%	12.66%	-26.10%	40.36%	-7.25%	30.19%	-3.67%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	15.29%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-2.41%

Correlation

The correlation between PPTY and BBRE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.96

The correlation between PPTY and BBRE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

PPTY vs. BBRE — Risk / Return Rank

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

PPTY

PPTY Risk / Return Rank: 28
PPTY Sharpe Ratio Rank: 26
PPTY Sortino Ratio Rank: 25
PPTY Omega Ratio Rank: 24
PPTY Calmar Ratio Rank: 33
PPTY Martin Ratio Rank: 33

BBRE

BBRE Risk / Return Rank: 38
BBRE Sharpe Ratio Rank: 36
BBRE Sortino Ratio Rank: 34
BBRE Omega Ratio Rank: 34
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.

PPTY vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) 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.

	PPTY	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.26	-0.34
Sortino ratio: Return per unit of downside risk	1.34	1.76	-0.42
Omega ratio: Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio: Return relative to maximum drawdown	1.60	2.18	-0.58
Martin ratio: Return relative to average drawdown	4.63	6.84	-2.21

PPTY vs. BBRE - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 0.92, which is comparable to the BBRE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of PPTY 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.

Drawdowns

PPTY vs. BBRE - Drawdown Comparison

The maximum PPTY drawdown since its inception was -41.69%, roughly equal to the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for PPTY and BBRE.

Drawdown Indicators

	PPTY	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-43.61%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-8.07%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-18.92%	-2.14%
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	-31.15%	-1.22%
Current Drawdown Current decline from peak	-2.05%	-1.64%	-0.41%
Average Drawdown Average peak-to-trough decline	-11.28%	-10.46%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.57%	+0.22%

Volatility

PPTY vs. BBRE - Volatility Comparison

The current volatility for US Diversified Real Estate ETF (PPTY) is 4.76%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 5.15%. This indicates that PPTY experiences smaller price fluctuations and is considered to be less risky than BBRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTY	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	5.15%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	10.23%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	13.99%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.59%	18.81%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	22.54%	-0.64%

PPTY vs. BBRE - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

PPTY vs. BBRE - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.59%, less than BBRE's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.72%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%
PPTY US Diversified Real Estate ETF	2.59%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%

Frequently Asked Questions

Can I hold both PPTY and BBRE in my portfolio?

With a correlation of 0.95, PPTY and BBRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PPTY or BBRE?

BBRE has higher volatility (5.15%) compared to PPTY (4.76%). In terms of maximum drawdown, PPTY dropped -41.69% vs BBRE's -43.61%.

Which ETF is better, PPTY or BBRE?

On 5-year performance, BBRE leads with 4.88% vs 2.74% for PPTY. On fees, BBRE is cheaper at 0.11% per year. On volatility, PPTY has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPTY or BBRE?

Over the 5-year period, BBRE has performed better with a 4.88% return vs 2.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPTY or BBRE?

BBRE is cheaper with a 0.11% expense ratio, compared with 0.49% for PPTY.

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

BBRE has the higher dividend yield at 2.72%, compared with 2.59% for PPTY.

What is the main difference between PPTY and BBRE?

PPTY tracks USREX - U.S. Diversified Real Estate Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: Vident and JPMorgan. Their fees differ too: 0.49% for PPTY and 0.11% for BBRE.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.26 vs 0.92), 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.