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
3.5 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) | $4 |
| 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
| PROLOGIS INC | 12.2 % |
| WELLTOWER, INC. | 8.9 % |
| EQUINIX INC | 8.4 % |
| DIGITAL REALTY TRUST INC | 7.3 % |
| VENTAS INC | 6.1 % |
| PUBLIC STORAGE | 5.8 % |
| AVALONBAY COMMUNITIES INC | 4.9 % |
| AMERICAN HOMES 4 RENT- A | 4.3 % |
| NETSTREIT CORP. | 3.8 % |
| CUBESMART | 3.6 % |
Constituent Breakdown
| Number of holdings | 23 |
| Herfindahl-Hirschman Index | 481 |
| Wgt avg mkt cap (mns) | $37,754 |
| Large cap (>$10bn) | 69.4% |
| Mid cap ($2-10bn) | 25.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 95.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.3 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.7% | -2.7% | 1.2% | 2.7% | -- | -- | -- | 1.5% |
| Dividend Yield | 1.1% | 1.1% | 1.7% | 2.1% | -- | -- | -- | 2.3% |
| Total Returns | -1.6% | -1.6% | 2.9% | 4.8% | -- | -- | -- | 3.8% | Ann. Volatility | 18.1% | 18.1% | 18.4% | 20.6% | -- | -- | -- | 23.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.54 | 34% |
| MSCI EAFE | 0.72 | 42% |
| MSCI Emg Mkts | 0.51 | 25% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| 30d moving avg. (EMA) | $23.79 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.23/-0.27 |
| Bollinger Bands (Upper/Lower) | $24.59/$22.70 |
| Short interest (% of AUM) | 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 | 46.3% | -32 bp | +8.4% |
| XLRE | Real Estate Select Sector SPDR Fund | 46.3% | -57 bp | +7.9% |
| RWR | State Street SPDR Dow Jones REIT ETF | 46.1% | -40 bp | +7.8% |
| FPRO | Fidelity Real Estate Investment ETF | 45.6% | -6 bp | +7.2% |
| JPRE | JPMorgan Realty Income ETF | 44.7% | -15 bp | +8.0% |
| IYR | iShares U.S. Real Estate ETF | 43.6% | -25 bp | +7.7% |
| USRT | iShares Core U.S. REIT ETF | 43.5% | -57 bp | +8.1% |
| FRI | First Trust S&P REIT Index Fund | 43.2% | -15 bp | +7.6% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 43.0% | -54 bp | +8.3% |
| VNQ | Vanguard Real Estate ETF | 40.8% | -52 bp | +7.6% |
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 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 1/12/2026
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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
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
JRE
7.0%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 1045 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.2%. JRE's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places JRE in the 75th 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