BBRE vs SPY
JPMorgan BetaBuilders MSCI US REIT ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BBRE or SPY?
Mid Cap Value against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BBRE | SPY |
|---|---|---|
| Expense Ratio | 0.11% | 0.09%Best |
| AUM | $1.3B | $804.7B |
| Dividend Yield | 2.59% | 0.98% |
| Holdings | 106 | 505 |
| YTD Return | +10.94% | +12.09%Best |
| 1Y Return | +9.60% | +16.29%Best |
| 3Y Return (annualized) | +10.54% | +21.20%Best |
| 5Y Return (annualized) | +3.55% | +13.37%Best |
| Volatility (annualized) | 18.9% | 16.6%Best |
| Max Drawdown | -43.6% | -34.1%Best |
| $10,000 over 5 years | $11,906 | $18,728Best |
| Top 10 Weight | 52.1% | 37.8%Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jun 15, 2018 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jun 18, 2018 to Sep 18, 2026 (8.3 years).
BBRE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.3 years both funds cover.
BBRE vs SPY Performance
JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BBRE returned +9.60% while SPY returned +16.29%. Year to date, BBRE is up 10.94% versus a gain of 12.09% for SPY.
Over three years, BBRE compounded at +10.54% per year against +21.20% for SPY; over five years the annualized figures are +3.55% and +13.37% respectively. Across the full 8-year window we track, SPY has the edge at +14.08% annualized vs +5.70%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BBRE has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 16.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -43.6% for BBRE and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BBRE charges 0.11% per year while SPY charges 0.09%. On a $10,000 position that is $11 vs $9 annually, a gap of $2 per year that compounds over a long holding period. On income, BBRE currently yields 2.59% against 0.98% for SPY.
Holdings Overlap
69.9% of BBRE's money is in holdings SPY also owns. 1.5% of SPY's money is in holdings BBRE also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 103 positions we hold weights for in BBRE and 504 in SPY, against full books of 106 and 505.
What only one of them owns
Measured across the 103 and 504 positions we hold weights for.
SPY holds 473 positions BBRE does not, 97.8% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
Top Shared Holdings
| Stock | Weight in BBRE | Weight in SPY | Difference |
|---|---|---|---|
| WELLWelltower, Inc. | 12.00% | 0.26% | 11.74% |
| PLDPrologis Inc | 9.40% | 0.20% | 9.20% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.42% | 0.15% | 4.27% |
| DLRDigital Realty Trust Inc. | 4.39% | 0.10% | 4.29% |
| SPGSimon Property Group Inc | 4.33% | 0.10% | 4.23% |
| PSAPublic Storage | 4.04% | 0.08% | 3.96% |
| ORealty Income Corp. | 3.97% | 0.09% | 3.88% |
| EQRVivmark Residential | 3.69% | 0.07% | 3.62% |
| VTRVentas Inc . | 3.12% | 0.07% | 3.05% |
| IRMIron Mtn Inc New Com Npv | 2.72% | 0.05% | 2.67% |
69.9% of BBRE is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BBRE or SPY?
BBRE has an expense ratio of 0.11% while SPY charges 0.09%. SPY is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, BBRE or SPY?
Over the past year BBRE returned +9.60% vs +16.29% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (8 years), BBRE annualized +5.70% vs +14.08% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BBRE or SPY?
BBRE has been the more volatile fund at 18.9% annualized versus 16.6% for SPY. Worst drawdown: BBRE -43.6% vs SPY -34.1%.
Should I hold both BBRE and SPY?
BBRE and SPY have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BBRE and SPY?
69.9% of BBRE's money is in holdings SPY also owns. 1.5% of SPY's is in holdings BBRE also owns. They hold 24 positions in common, counted across the 103 positions we hold weights for in BBRE and 504 in SPY.
Which pays a higher dividend, BBRE or SPY?
BBRE yields 2.59% while SPY yields 0.98%, so BBRE currently pays the higher dividend yield.
Is SPY better than BBRE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 52.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.