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
24.8 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) | $25 |
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 | 9.0 % |
PUBLIC STORAGE | 7.8 % |
REALTY INCOME CORP | 7.0 % |
DIGITAL REALTY TRUST INC | 5.9 % |
PROLOGIS INC | 5.4 % |
AVALONBAY COMMUNITIES INC | 4.9 % |
WELLTOWER, INC. | 4.7 % |
VENTAS INC | 4.7 % |
EASTGROUP PROPERTIES INC | 4.6 % |
UDR INC | 4.3 % |
Constituent Breakdown
Number of holdings | 25 |
Herfindahl-Hirschman Index | 498 |
Wgt avg mkt cap (mns) | $30,079 |
Large cap (>$10bn) | 73.1% |
Mid cap ($2-10bn) | 26.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.4 % | |
CANADA | 2.8 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 3.0% | 12.1% | 5.6% | 0.6% | -- | -- | 5.6% | Volatility | 16.4% | 15.8% | 17.3% | 20.2% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.95 | 65% |
MSCI EAFE | 0.94 | 65% |
MSCI Emg Mkts | 0.73 | 39% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.24% |
ADV of underlying (mns) | $2,397 |
Technical Indicators
Recent close | $23.60 |
30d moving avg. | $24.13 |
Annualized volatility | 20.2% |
Relative strength (RSI) | 46 |
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 |
---|---|---|---|---|
ICF | iShares Cohen & Steers REIT ETF | 43.9% | -32 bp | +0.8% |
XLRE | Real Estate Select Sector SPDR Fund | 43.5% | -57 bp | +4.9% |
JPRE | JPMorgan Realty Income ETF | 43.3% | -15 bp | -0.2% |
BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 42.5% | -54 bp | +0.8% |
RWR | SPDR Dow Jones REIT ETF | 42.3% | -40 bp | +0.5% |
USRT | iShares Core U.S. REIT ETF | 42.3% | -57 bp | +0.8% |
FRI | First Trust S&P REIT Index Fund | 42.1% | -15 bp | +0.3% |
PSR | Invesco Active U.S. Real Estate Fund | 41.9% | -30 bp | +0.6% |
FPRO | Fidelity Real Estate Investment ETF | 41.5% | -6 bp | -0.1% |
DFAR | Dimensional US Real Estate ETF | 41.1% | -46 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
2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
---|---|---|---|---|---|---|---|---|
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
2024 | 2025E | Fwd Est | 2026E | |
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 4/3/2025
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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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
JRE
1.7%
Cat. Avg
6.0%
ALTAR Score™ Calculation
Category Overview
There are 952 funds in the US Equity category, with an average ALTAR Score™
of 6.0% and a standard deviation of
3.0%. JRE's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places JRE in the 7th 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. | 66.2 | 47.6 | 113.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .