JPMorgan BetaBuilders MSCI US REIT (BBRE) Performance
BBRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.2% since Dec 31, 2025
- 1 year
- +8.9% total return
- 5 years
- +2.9% a year
- Since first price
- +6.8% a year since 2018
BBRE trailing returns vs SPY, QQQ, AGG
| Period | BBRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.9% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.1% | −7.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.5% | −1.0% | +7.8% | +8.4% | −1.5% |
| YTD | +12.2% | +10.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.9% | +5.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.7%+14.9%/yr | +38.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +15.1%+2.9%/yr | −1.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 18, 2018 | +72.7%+6.8%/yr | +35.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BBRE vs SPY
From Jun 18, 2018: BBRE grew to $17,266, SPY to $31,114.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BBRE returns by calendar year
5 of 7 full years positive. Best 2021 (+43.0%), worst 2022 (−24.7%). 2026 is year to date.
BBRE annual returns table
| Year | BBRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.2% | −12.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.1% | −16.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.2% | −10.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.9% | −19.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.7% | −30.9% | −18.2% | −32.6% | −13.0% |
| 2021 | +43.0% | −7.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −7.5% | −43.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.1% | −6.0% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BBRE largest drawdowns
Now 9.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 21, 2020 | −43.6% | Mar 23, 2020 | Apr 20, 2021 | 31 days | 1.2 years |
| Dec 31, 2021 | −31.1% | Oct 14, 2022 | Nov 26, 2024 | 9 months | 2.9 years |
| Nov 27, 2024 | −18.9% | Apr 8, 2025 | Feb 10, 2026 | 4 months | 1.2 years |
| Aug 8, 2018 | −14.3% | Dec 24, 2018 | Feb 5, 2019 | 5 months | 6 months |
| Jul 24, 2026 | −12.5% | Oct 7, 2026 | not yet | 2 months | 3 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BBRE risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +12.0% | +3.9% | +6.1% |
| Volatility (annualized) | 16.3% | 18.8% | 18.8% |
| Sharpe ratio | 0.51 | 0.10 | 0.27 |
| Sortino ratio | 0.84 | 0.15 | 0.39 |
| Best month | +10.4% | +10.6% | +12.0% |
| Worst month | −7.5% | −12.1% | −21.4% |
| Best 12 months | +36.2% | +36.2% | +51.7% |
| Worst 12 months | −3.4% | −24.7% | −24.7% |
| Positive months | 61% | 53% | 61% |
| Beta vs S&P 500 | 0.84 | 0.95 | — |
| Correlation with S&P 500 | 0.64 | 0.79 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BBRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 89 | −24.7% | +7.6% | +51.7% | 63% |
| 3-year (a year) | 65 | −2.4% | +6.5% | +18.6% | 89% |
| 5-year (a year) | 41 | +2.2% | +5.3% | +11.1% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
BBRE performance overview
JPMorgan BetaBuilders MSCI US REIT (BBRE) returned +8.9% over the past year and +2.9% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +6.8% a year, turning $10,000 into about $17,266. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.6%, from Feb 21, 2020 to Mar 23, 2020, and it took 1.1 years to get back to the old high. BBRE finished 5 of its 7 full calendar years with a gain; the best year was 2021 (+43.0%) and the worst 2022 (−24.7%). Volatility has been 18.8% a year.
Related: BBRE chart, BBRE holdings, BBRE dividends, BBRE valuation. See the BBRE overview for the latest quote and fund facts.
BBRE performance FAQ
What is the BBRE return over the past year?
BBRE returned +8.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.8%.
What is the average annual return of BBRE?
BBRE has returned +2.9% a year over 5 years, +6.8% a year since June 18, 2018 (total return, distributions reinvested).
How much would $10,000 invested in BBRE be worth?
$10,000 invested in BBRE at its first recorded close on June 18, 2018 would be worth about $17,266 on October 23, 2026 with distributions reinvested.
What was the worst year for BBRE?
The worst calendar year was 2022, with a total return of −24.7%. The best was 2021 at +43.0%.
What is the biggest drawdown of BBRE?
The largest peak-to-trough decline was −43.6% between February 21, 2020 and March 23, 2020. It recovered to the old high on April 20, 2021, 1.1 years after the bottom.
How volatile is BBRE?
Over the past 3 years BBRE had an annualized volatility of 16.3% and a Sharpe ratio of 0.51 (excess return over 1–3 month T-bills per unit of risk).