Data as of Oct 28, 2026.
BBRE vs FREL: Differences, Returns & Fees
Over the year to Oct 28, 2026, BBRE returned +9.2% to FREL's +4.6%; 41% of their weight is in the same names.
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Net assets: $1.3bn on Oct 28, 2026 for JPMorgan BetaBuilders MSCI US REIT ETF, and $1.3bn on Sep 30, 2026 for Fidelity MSCI Real Estate Index ETF.
Pair scorecard
FREL costs 0.03 points a year less; their one-year returns differ by 4.6 points.
| Measure | BBRE | FREL |
|---|---|---|
| Return | ||
| Total return, 1 year | +9.2% | +4.6% |
| Drawdown | ||
| Below its high | 10.1%, high on Jul 24, 2026 | 8.4%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | MSCI US REIT Custom Capped Index | MSCI USA IMI Real Estate 25/25 Index |
| Cost and size | ||
| Expense ratio | 0.11% | 0.08% |
| Net assets, BBRE as of Oct 28, 2026 and FREL as of Sep 30, 2026 | $1.3bn | $1.3bn |
| Holdings | ||
| Holdings in common | 41% | |
| Top ten holdings, share of the fund | 51.6% | 47.5% |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Jun 29, 2018 to Oct 23, 2026 · 434 weekly returnsBBRE returned more: +67.3% to +55.6%. FREL swung slightly less: 23.1% to 23.9%. FREL fell slightly less at its worst: −39.3% to −41.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BBRE | FREL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +67.3% | +55.6% | BBRE | Price change plus distributions, reinvested. |
| Annualized | +6.4% | +5.4% | BBRE | Total return as a yearly rate. |
| Price return | +31.3% | +14.7% | BBRE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.9% | 23.1% | FREL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.6% | 16.1% | FREL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −41.5% | −39.3% | FREL (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.26 | 0.23 | BBRE | Return above Treasury bills per unit of volatility. |
| Sortino | 0.38 | 0.32 | BBRE | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.14 | BBRE (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 434 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BBRE and FREL hold 41% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
41% in common
Only in one fund ↓
Side by side
BBRE and FREL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BBRE and FREL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BBRE follows MSCI US REIT Custom Capped Index and FREL follows MSCI USA IMI Real Estate 25/25 Index.
- Holdings in common. 41% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BBRE returned +9.2% and FREL +4.6% with distributions reinvested, a gap of 4.6 points.
Data as of Oct 28, 2026.
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BBRE
BBRE tracks an index. Over the year to Oct 28, 2026 it returned +9.2% with distributions reinvested. The prospectus expense ratio is 0.11% a year. By its holdings published by its issuer for Oct 27, 2026, 69% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 51.6%. It sat 10.1% below its high of Jul 24, 2026 on Oct 28, 2026.
FREL
FREL tracks an index. Over the year to Oct 28, 2026 it returned +4.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jul 31, 2026, 73% of the fund by weight is stocks the S&P 500 also holds, across 122 positions, with the top ten at 47.5%. It sat 8.4% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BBRE or FREL?
- In the year to Oct 28, 2026, with distributions reinvested, BBRE returned +9.2% and FREL +4.6%.
- Which is cheaper, BBRE or FREL?
- FREL is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BBRE against FREL, data as of Oct 28, 2026. https://etfiq.com/compare/any/bbre-vs-frel
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[BBRE against FREL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bbre-vs-frel)
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