JERIX vs. XLRE
JERIX (Janus Henderson Global Real Estate Fund) and XLRE (Real Estate Select Sector SPDR Fund) are both REIT funds. Over the past 10 years, JERIX returned 6.13%/yr vs 6.92%/yr for XLRE. Their correlation of 0.84 suggests significant overlap in exposure. JERIX charges 1.03%/yr vs 0.13%/yr for XLRE.
Performance
JERIX vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, JERIX achieves a 9.11% return, which is significantly lower than XLRE's 12.35% return. Over the past 10 years, JERIX has underperformed XLRE with an annualized return of 6.13%, while XLRE has yielded a comparatively higher 6.92% annualized return.
JERIX
- 1D
- 0.61%
- 1M
- -0.68%
- YTD
- 9.11%
- 6M
- 9.20%
- 1Y
- 11.87%
- 3Y*
- 9.69%
- 5Y*
- 0.40%
- 10Y*
- 6.13%
XLRE
- 1D
- 1.41%
- 1M
- 1.06%
- YTD
- 12.35%
- 6M
- 12.83%
- 1Y
- 9.79%
- 3Y*
- 11.31%
- 5Y*
- 3.53%
- 10Y*
- 6.92%
JERIX vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JERIX Janus Henderson Global Real Estate Fund | 9.11% | 9.45% | 0.11% | 7.60% | -25.23% | 22.43% | 1.38% | 30.91% | -3.15% | 17.72% |
XLRE Real Estate Select Sector SPDR Fund | 12.35% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between JERIX and XLRE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.84 |
The correlation between JERIX and XLRE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
JERIX vs. XLRE — Risk / Return Rank
JERIX
XLRE
JERIX vs. XLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Real Estate Fund (JERIX) and Real Estate Select Sector SPDR Fund (XLRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JERIX | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.18 | +0.16 |
| Martin ratioReturn relative to average drawdown | 4.78 | 3.23 | +1.56 |
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Drawdowns
JERIX vs. XLRE - Drawdown Comparison
The maximum JERIX drawdown since its inception was -65.94%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for JERIX and XLRE.
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Drawdown Indicators
| JERIX | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.94% | -38.83% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -8.33% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -16.74% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.01% | -34.12% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -38.83% | -0.53% |
Current DrawdownCurrent decline from peak | -3.81% | -0.72% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -9.56% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.04% | -0.26% |
Volatility
JERIX vs. XLRE - Volatility Comparison
The current volatility for Janus Henderson Global Real Estate Fund (JERIX) is 3.78%, while Real Estate Select Sector SPDR Fund (XLRE) has a volatility of 5.35%. This indicates that JERIX experiences smaller price fluctuations and is considered to be less risky than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JERIX | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 5.35% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 10.63% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 14.17% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 19.13% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 20.45% | -3.49% |
JERIX vs. XLRE - Expense Ratio Comparison
JERIX has a 1.03% expense ratio, which is higher than XLRE's 0.13% expense ratio.
Dividends
JERIX vs. XLRE - Dividend Comparison
JERIX's dividend yield for the trailing twelve months is around 2.99%, less than XLRE's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JERIX Janus Henderson Global Real Estate Fund | 2.99% | 3.25% | 2.78% | 2.70% | 1.54% | 5.83% | 1.55% | 4.59% | 5.20% | 4.44% | 4.51% | 4.66% |
XLRE Real Estate Select Sector SPDR Fund | 3.15% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
JERIX and XLRE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLRE has higher volatility (5.35%) compared to JERIX (3.78%). In terms of maximum drawdown, JERIX dropped -65.94% vs XLRE's -38.83%.
JERIX currently has the higher Sharpe Ratio (1.13 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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