REM vs. BBRE
REM (iShares Mortgage Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - REM tracks the FTSE NAREIT All Mortgage Capped Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, REM returned -1.00%/yr vs 4.93%/yr for BBRE. A 0.63 correlation means they provide meaningful diversification when combined. REM charges 0.48%/yr vs 0.11%/yr for BBRE.
Performance
REM vs. BBRE - Performance Comparison
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Returns By Period
In the year-to-date period, REM achieves a 1.80% return, which is significantly lower than BBRE's 18.65% return.
REM
- 1D
- -1.17%
- 1M
- 2.05%
- 6M
- -1.74%
- YTD
- 1.80%
- 1Y
- 8.66%
- 3Y*
- 5.98%
- 5Y*
- -1.00%
- 10Y*
- 2.77%
BBRE
- 1D
- 0.68%
- 1M
- 1.23%
- 6M
- 16.92%
- YTD
- 18.65%
- 1Y
- 20.68%
- 3Y*
- 11.08%
- 5Y*
- 4.93%
- 10Y*
- —
REM vs. BBRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
REM iShares Mortgage Real Estate ETF | 1.80% | 13.30% | -1.00% | 14.43% | -27.56% | 16.14% | -19.99% | 21.34% | -2.95% |
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 18.65% | 2.09% | 8.24% | 13.85% | -24.68% | 42.99% | -7.55% | 26.06% | -2.41% |
Correlation
The correlation between REM and BBRE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.63 |
The correlation between REM and BBRE has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
REM vs. BBRE — Risk / Return Rank
REM
BBRE
REM vs. BBRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Mortgage Real Estate ETF (REM) 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.
| REM | BBRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.57 | -1.96 |
| Martin ratioReturn relative to average drawdown | 1.59 | 8.16 | -6.56 |
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Drawdowns
REM vs. BBRE - Drawdown Comparison
The maximum REM drawdown since its inception was -74.73%, which is greater than BBRE's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for REM and BBRE.
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Drawdown Indicators
| REM | BBRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.73% | -43.61% | -31.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.25% | -8.07% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | -18.92% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -43.31% | -31.15% | -12.16% |
Max Drawdown (10Y)Largest decline over 10 years | -68.52% | — | — |
Current DrawdownCurrent decline from peak | -20.82% | -0.73% | -20.09% |
Average DrawdownAverage peak-to-trough decline | -38.25% | -10.40% | -27.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 2.54% | +2.91% |
Volatility
REM vs. BBRE - Volatility Comparison
The current volatility for iShares Mortgage Real Estate ETF (REM) is 3.93%, while JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) has a volatility of 4.82%. This indicates that REM 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
| REM | BBRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 4.82% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.30% | 10.67% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 14.09% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 18.83% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.29% | 22.50% | +5.79% |
REM vs. BBRE - Expense Ratio Comparison
REM has a 0.48% expense ratio, which is higher than BBRE's 0.11% expense ratio.
Dividends
REM vs. BBRE - Dividend Comparison
REM's dividend yield for the trailing twelve months is around 8.85%, more than BBRE's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBRE JPMorgan BetaBuilders MSCI US REIT ETF | 2.61% | 3.24% | 3.19% | 3.68% | 2.62% | 1.70% | 3.17% | 2.19% | 1.96% | 0.00% | 0.00% | 0.00% |
REM iShares Mortgage Real Estate ETF | 8.85% | 8.70% | 9.61% | 9.46% | 11.13% | 7.29% | 7.72% | 8.16% | 10.00% | 9.97% | 10.03% | 11.99% |
Frequently Asked Questions
REM and BBRE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBRE has higher volatility (4.82%) compared to REM (3.93%). In terms of maximum drawdown, REM dropped -74.73% vs BBRE's -43.61%.
On 5-year performance, BBRE leads with 4.93% vs -1.00% for REM. On fees, BBRE is cheaper at 0.11% per year. On volatility, REM has been the lower-risk option at 3.93%. 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 4.93% return vs -1.00%. 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 REM.
REM has the higher dividend yield at 8.85%, compared with 2.61% for BBRE.
REM tracks FTSE NAREIT All Mortgage Capped Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.48% for REM and 0.11% for BBRE.
BBRE currently has the higher Sharpe Ratio (1.48 vs 0.51), 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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