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REET vs. BBRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

REET vs. BBRE

Last updated Jun 4, 2026

REET (iShares Global REIT ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - REET tracks the FTSE EPRA/NAREIT Global REIT Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, REET returned 2.22%/yr vs 4.42%/yr for BBRE. Their correlation of 0.94 suggests significant overlap in exposure. REET charges 0.14%/yr vs 0.11%/yr for BBRE.

Performance

REET vs. BBRE - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, REET achieves a 8.07% return, which is significantly lower than BBRE's 11.77% return.

REET

1D
-0.15%
1M
-0.74%
YTD
8.07%
6M
7.69%
1Y
12.24%
3Y*
9.19%
5Y*
2.22%
10Y*
3.99%

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)

REET vs. BBRE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
REET
iShares Global REIT ETF		8.07%7.97%2.65%10.28%-24.10%32.43%-10.48%24.42%-4.05%
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 REET 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 19, 2018

0.94

The correlation between REET and BBRE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

REET vs. BBRE - Sectors Allocation Comparison

Sectors
REET
BBRE

Real Estate

99.8%
98.9%

Financial Services

0.2%
0.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

REET
99.8%
BBRE
98.9%

Financial Services

REET
0.2%
BBRE
0.1%

Basic Materials

REET

-

BBRE

-

Communication Services

REET

-

BBRE

-

Consumer Cyclical

REET

-

BBRE

-

Consumer Defensive

REET

-

BBRE

-

Energy

REET

-

BBRE

-

Healthcare

REET

-

BBRE

-

Industrials

REET

-

BBRE

-

Technology

REET

-

BBRE

-

Utilities

REET

-

BBRE

-

Compare stocks, funds, or ETFs

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iShares Global REIT ETF

JPMorgan BetaBuilders MSCI US REIT ETF

Often compared with REET:
REET vs. VNQREET vs. VNQIREET vs. XLREREET vs. USRTREET vs. SCHHREET vs. RWOREET vs. FREL
Often compared with BBRE:
BBRE vs. VNQBBRE vs. USRTBBRE vs. BBUSBBRE vs. PPTYBBRE vs. DFGRBBRE vs. XLREBBRE vs. SCHH

Return for Risk

REET vs. BBRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REET
REET Risk / Return Rank: 2828
Overall Rank
REET Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
REET Sortino Ratio Rank: 2626
Sortino Ratio Rank
REET Omega Ratio Rank: 2727
Omega Ratio Rank
REET Calmar Ratio Rank: 2828
Calmar Ratio Rank
REET Martin Ratio Rank: 3232
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.

REET vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global REIT ETF (REET) 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.

REETBBREDifference
Sharpe ratioReturn per unit of total volatility
1.02
1.06

-0.04

Sortino ratioReturn per unit of downside risk
1.44
1.50

-0.06

Omega ratioGain probability vs. loss probability

1.18

1.19

0.00

Calmar ratioReturn relative to maximum drawdown

1.36

1.76

-0.40

Martin ratioReturn relative to average drawdown

4.89

5.54

-0.65

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

REET vs. BBRE - Sharpe Ratio Comparison

The current REET Sharpe Ratio is 1.02, which is comparable to the BBRE Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of REET 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

REETBBREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

1.06

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.13

0.24

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.21

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.31

-0.07

Drawdowns

REET vs. BBRE - Drawdown Comparison

The maximum REET drawdown since its inception was -44.59%, roughly equal to the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for REET and BBRE.

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Drawdown Indicators

REETBBREDifference

Max Drawdown

Largest peak-to-trough decline

-44.59%

-43.61%

-0.98%

Max Drawdown (1Y)

Largest decline over 1 year

-9.04%

-8.07%

-0.97%

Max Drawdown (3Y)

Largest decline over 3 years

-18.02%

-18.92%

+0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-32.11%

-31.15%

-0.96%

Max Drawdown (10Y)

Largest decline over 10 years

-44.59%

—

—

Current Drawdown

Current decline from peak

-2.83%

-3.12%

+0.29%

Average Drawdown

Average peak-to-trough decline

-9.79%

-10.53%

+0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

2.55%

-0.04%

Volatility

REET vs. BBRE - Volatility Comparison

The current volatility for iShares Global REIT ETF (REET) is 3.79%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 3.99%. This indicates that REET 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.

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Volatility by Period

REETBBREDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.99%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

9.47%

-0.66%

Volatility (1Y)

Calculated over the trailing 1-year period

12.10%

13.39%

-1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.95%

18.77%

-1.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.84%

22.56%

-3.72%

REET vs. BBRE - Expense Ratio Comparison

REET has a 0.14% expense ratio, which is higher than BBRE's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

REET vs. BBRE - Dividend Comparison

REET's dividend yield for the trailing twelve months is around 3.42%, 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%
REET
iShares Global REIT ETF		3.42%3.67%3.64%3.27%2.43%3.18%2.65%5.25%5.73%3.84%5.37%3.56%

Frequently Asked Questions

With a correlation of 0.95, REET 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.

BBRE has higher volatility (3.99%) compared to REET (3.79%). In terms of maximum drawdown, REET dropped -44.59% vs BBRE's -43.61%.

On 5-year performance, BBRE leads with 4.42% vs 2.22% for REET. On fees, BBRE is cheaper at 0.11% per year. On volatility, REET has been the lower-risk option at 3.79%. 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 2.22%. 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 0.14% for REET.

REET has the higher dividend yield at 3.42%, compared with 2.81% for BBRE.

REET tracks FTSE EPRA/NAREIT Global REIT Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.14% for REET and 0.11% for BBRE.

BBRE currently has the higher Sharpe Ratio (1.06 vs 1.02), 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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