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REZ vs. BBRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

REZ vs. BBRE

Last updated Jun 4, 2026

REZ (iShares Residential Real Estate ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - REZ tracks the FTSE NAREIT All Residential Capped Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, REZ returned 3.98%/yr vs 4.42%/yr for BBRE. Their correlation of 0.92 suggests significant overlap in exposure. REZ charges 0.48%/yr vs 0.11%/yr for BBRE.

Performance

REZ vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Residential Real Estate ETF (REZ) 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, REZ achieves a 6.86% return, which is significantly lower than BBRE's 11.77% return.

REZ

1D
0.48%
1M
-1.45%
YTD
6.86%
6M
3.65%
1Y
9.32%
3Y*
9.90%
5Y*
3.98%
10Y*
6.37%

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)

REZ vs. BBRE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
REZ
iShares Residential Real Estate ETF		6.86%4.80%12.73%10.97%-28.31%47.86%-6.62%24.49%4.85%
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 REZ and BBRE is 0.91, 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

0.91

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jun 19, 2018

0.92

The correlation between REZ and BBRE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

REZ vs. BBRE - Sectors Allocation Comparison

Sectors
REZ
BBRE

Real Estate

99.4%
98.9%

Financial Services

0.1%
0.1%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

REZ
99.4%
BBRE
98.9%

Financial Services

REZ
0.1%
BBRE
0.1%

Basic Materials

REZ

-

BBRE

-

Communication Services

REZ

-

BBRE

-

Consumer Cyclical

REZ

-

BBRE

-

Consumer Defensive

REZ

-

BBRE

-

Energy

REZ

-

BBRE

-

Healthcare

REZ

-

BBRE

-

Industrials

REZ

-

BBRE

-

Technology

REZ

-

BBRE

-

Utilities

REZ

-

BBRE

-

Compare stocks, funds, or ETFs

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iShares Residential Real Estate ETF

JPMorgan BetaBuilders MSCI US REIT ETF

Often compared with REZ:
REZ vs. VNQREZ vs. IYRREZ vs. HAUSREZ vs. NUREREZ vs. AVBREZ vs. UREREZ vs. FRESX
Often compared with BBRE:
BBRE vs. VNQBBRE vs. USRTBBRE vs. BBUSBBRE vs. PPTYBBRE vs. DFGRBBRE vs. XLREBBRE vs. SCHH

Return for Risk

REZ vs. BBRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REZ
REZ Risk / Return Rank: 2020
Overall Rank
REZ Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
REZ Sortino Ratio Rank: 1818
Sortino Ratio Rank
REZ Omega Ratio Rank: 1818
Omega Ratio Rank
REZ Calmar Ratio Rank: 2323
Calmar Ratio Rank
REZ Martin Ratio Rank: 2424
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.

REZ vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.

REZBBREDifference
Sharpe ratioReturn per unit of total volatility
0.66
1.06

-0.40

Sortino ratioReturn per unit of downside risk
0.97
1.50

-0.53

Omega ratioGain probability vs. loss probability

1.12

1.19

-0.07

Calmar ratioReturn relative to maximum drawdown

1.07

1.76

-0.69

Martin ratioReturn relative to average drawdown

3.27

5.54

-2.28

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

REZ vs. BBRE - Sharpe Ratio Comparison

The current REZ Sharpe Ratio is 0.66, which is lower than the BBRE Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of REZ 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

REZBBREDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.66

1.06

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.21

0.24

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

0.31

-0.08

Drawdowns

REZ vs. BBRE - Drawdown Comparison

The maximum REZ drawdown since its inception was -66.87%, which is greater than BBRE's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for REZ and BBRE.

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Drawdown Indicators

REZBBREDifference

Max Drawdown

Largest peak-to-trough decline

-66.87%

-43.61%

-23.26%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-8.07%

-0.69%

Max Drawdown (3Y)

Largest decline over 3 years

-18.39%

-18.92%

+0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-35.05%

-31.15%

-3.90%

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

—

—

Current Drawdown

Current decline from peak

-4.21%

-3.12%

-1.09%

Average Drawdown

Average peak-to-trough decline

-12.69%

-10.53%

-2.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.55%

+0.31%

Volatility

REZ vs. BBRE - Volatility Comparison

iShares Residential Real Estate ETF (REZ) has a higher volatility of 4.39% compared to JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) at 3.99%. This indicates that REZ'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.

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Volatility by Period

REZBBREDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.39%

3.99%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

10.66%

9.47%

+1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

14.32%

13.39%

+0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.91%

18.77%

+0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.52%

22.56%

-1.04%

REZ vs. BBRE - Expense Ratio Comparison

REZ has a 0.48% expense ratio, which is higher than BBRE's 0.11% expense ratio.

Dividends

REZ vs. BBRE - Dividend Comparison

REZ's dividend yield for the trailing twelve months is around 2.15%, less 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%
REZ
iShares Residential Real Estate ETF		2.15%2.74%2.26%2.94%3.37%1.81%3.17%2.90%3.63%3.57%5.55%3.18%

Frequently Asked Questions

With a correlation of 0.91, REZ 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.

REZ has higher volatility (4.39%) compared to BBRE (3.99%). In terms of maximum drawdown, REZ dropped -66.87% vs BBRE's -43.61%.

On 5-year performance, BBRE leads with 4.42% vs 3.98% for REZ. On fees, BBRE is cheaper at 0.11% per year. On volatility, BBRE has been the lower-risk option at 3.99%. 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 3.98%. 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 REZ.

BBRE has the higher dividend yield at 2.81%, compared with 2.15% for REZ.

REZ tracks FTSE NAREIT All Residential 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 REZ and 0.11% for BBRE.

BBRE currently has the higher Sharpe Ratio (1.06 vs 0.66), 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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