JRE
Janus Henderson U.S. Real Estate ETF
JRE is an actively managed fund of real-estate and real estate-related companies in the United States.
US
EQUITY
Active
MANAGEMENT STYLE
26.5 M
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
Fund sponsor | Janus Henderson |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 22, 2021 |
Assets (mns) | $26 |
Expense ratio | 65 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
EQUINIX INC | 10.4 % |
REALTY INCOME CORP | 8.1 % |
WELLTOWER, INC. | 7.9 % |
PUBLIC STORAGE | 7.4 % |
PROLOGIS INC | 6.9 % |
AVALONBAY COMMUNITIES INC | 4.7 % |
CUBESMART | 4.7 % |
EASTGROUP PROPERTIES INC | 4.3 % |
FIRST INDUSTRIAL REALTY TR | 3.9 % |
KILROY REALTY CORP | 3.8 % |
Constituent Breakdown
Number of holdings | 24 |
Herfindahl-Hirschman Index | 548 |
Wgt avg mkt cap (mns) | $33,469 |
Large cap (>$10bn) | 66.5% |
Mid cap ($2-10bn) | 33.5% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 94.1 % | |
CANADA | 2.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 11.5% | 31.8% | 11.7% | -- | -- | -- | 0.2% | Volatility | 14.7% | 16.0% | 18.2% | 20.3% | 21.3% | 21.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.00 | 68% |
MSCI EAFE | 0.98 | 67% |
MSCI Emg Mkts | 0.76 | 39% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.24% |
ADV of underlying (mns) | $3,424 |
Technical Indicators
Recent close | $25.23 |
30d moving avg. | $25.60 |
Annualized volatility | 21.1% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JRE |
Expenses vs. JRE |
ALTAR Score™ vs. JRE |
---|---|---|---|---|
PSR | Invesco Active U.S. Real Estate Fund | 47.5% | -30 bp | +0.5% |
ICF | iShares Cohen & Steers REIT ETF | 43.0% | -32 bp | +0.2% |
FPRO | Fidelity Real Estate Investment ETF | 42.7% | -6 bp | -0.9% |
XLRE | Real Estate Select Sector SPDR Fund | 42.6% | -56 bp | +0.3% |
JPRE | JPMorgan Realty Income ETF | 40.6% | -15 bp | -0.2% |
RWR | SPDR Dow Jones REIT ETF | 40.3% | -40 bp | +0.5% |
USRT | iShares Core U.S. REIT ETF | 40.0% | -57 bp | +0.7% |
FRI | First Trust S&P REIT Index Fund | 39.8% | -15 bp | +0.3% |
IYR | iShares U.S. Real Estate ETF | 39.7% | -25 bp | +0.4% |
BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 38.4% | -54 bp | +0.7% |
Risk and Returns: JRE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JRE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
JRE
5.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. JRE's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places JRE in the 53rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JRESELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
JRE (65 bp) Percentile rank | 50 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JRE | 65.0 | 24.2 | 89.2 |
Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .