JPRE vs. NETL

Last updated Jun 4, 2026

JPRE (JPMorgan Realty Income ETF) and NETL (NETLease Corporate Real Estate ETF) are both REIT funds. JPRE is actively managed, while NETL is passively managed. Over the past 3 years, JPRE returned 9.52%/yr vs 7.12%/yr for NETL. Their correlation of 0.84 suggests significant overlap in exposure. JPRE charges 0.50%/yr vs 0.60%/yr for NETL.

Performance

JPRE vs. NETL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Realty Income ETF (JPRE) and NETLease Corporate Real Estate ETF (NETL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPRE achieves a 9.03% return, which is significantly lower than NETL's 10.34% return.

JPRE

• 1D: -0.12%
• 1M: -1.51%
• YTD: 9.03%
• 6M: 8.33%
• 1Y: 9.04%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —

NETL

• 1D: -1.14%
• 1M: -1.07%
• YTD: 10.34%
• 6M: 9.20%
• 1Y: 11.59%
• 3Y*: 7.12%
• 5Y*: 1.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPRE vs. NETL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPRE JPMorgan Realty Income ETF	9.03%	1.36%	7.43%	13.41%	-9.96%
NETL NETLease Corporate Real Estate ETF	10.34%	6.05%	-1.08%	2.69%	0.40%

Correlation

The correlation between JPRE and NETL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 24, 2022	0.84

The correlation between JPRE and NETL has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

JPRE vs. NETL - Sectors Allocation Comparison

Sectors	JPRE	NETL
Real Estate	98.1%	100.0%
Basic Materials	0.6%	-
Industrials	0.6%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Technology	-	-
Utilities	-	-

Return for Risk

JPRE vs. NETL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPRE

JPRE Risk / Return Rank: 22
JPRE Sharpe Ratio Rank: 20
JPRE Sortino Ratio Rank: 19
JPRE Omega Ratio Rank: 20
JPRE Calmar Ratio Rank: 24
JPRE Martin Ratio Rank: 25

NETL

NETL Risk / Return Rank: 25
NETL Sharpe Ratio Rank: 24
NETL Sortino Ratio Rank: 23
NETL Omega Ratio Rank: 22
NETL Calmar Ratio Rank: 26
NETL Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPRE vs. NETL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) and NETLease Corporate Real Estate ETF (NETL). 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.

	JPRE	NETL	Difference
Sharpe ratio: Return per unit of total volatility	0.70	0.86	-0.16
Sortino ratio: Return per unit of downside risk	1.01	1.26	-0.25
Omega ratio: Gain probability vs. loss probability	1.13	1.15	-0.02
Calmar ratio: Return relative to maximum drawdown	1.18	1.27	-0.09
Martin ratio: Return relative to average drawdown	3.24	3.99	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPRE vs. NETL - Sharpe Ratio Comparison

The current JPRE Sharpe Ratio is 0.70, which is comparable to the NETL Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of JPRE and NETL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPRE	NETL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.86	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.20	+0.07

Drawdowns

JPRE vs. NETL - Drawdown Comparison

The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum NETL drawdown of -51.48%. Use the drawdown chart below to compare losses from any high point for JPRE and NETL.

Drawdown Indicators

	JPRE	NETL	Difference
Max Drawdown Largest peak-to-trough decline	-23.84%	-51.48%	+27.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-9.16%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-19.30%	+3.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.74%	—
Current Drawdown Current decline from peak	-3.57%	-3.68%	+0.11%
Average Drawdown Average peak-to-trough decline	-8.16%	-11.65%	+3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.91%	-0.12%

Volatility

JPRE vs. NETL - Volatility Comparison

JPMorgan Realty Income ETF (JPRE) has a higher volatility of 3.86% compared to NETLease Corporate Real Estate ETF (NETL) at 3.66%. This indicates that JPRE's price experiences larger fluctuations and is considered to be riskier than NETL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPRE	NETL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.66%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	9.66%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	13.57%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.28%	17.94%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	25.92%	-7.64%

JPRE vs. NETL - Expense Ratio Comparison

JPRE has a 0.50% expense ratio, which is lower than NETL's 0.60% expense ratio.

Dividends

JPRE vs. NETL - Dividend Comparison

JPRE's dividend yield for the trailing twelve months is around 2.29%, less than NETL's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JPRE JPMorgan Realty Income ETF	2.29%	2.62%	2.21%	3.26%	10.60%	0.00%	0.00%	0.00%
NETL NETLease Corporate Real Estate ETF	4.83%	5.12%	5.08%	4.57%	4.47%	4.03%	3.98%	2.52%

Frequently Asked Questions

Can I hold both JPRE and NETL in my portfolio?

JPRE and NETL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPRE or NETL?

JPRE has higher volatility (3.86%) compared to NETL (3.66%). In terms of maximum drawdown, JPRE dropped -23.84% vs NETL's -51.48%.

Which ETF is better, JPRE or NETL?

On 3-year performance, JPRE leads with 9.52% vs 7.12% for NETL. On fees, JPRE is cheaper at 0.50% per year. On volatility, NETL has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPRE or NETL?

Over the 3-year period, JPRE has performed better with a 9.52% return vs 7.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPRE or NETL?

JPRE is cheaper with a 0.50% expense ratio, compared with 0.60% for NETL.

Which ETF pays a higher dividend yield, JPRE or NETL?

NETL has the higher dividend yield at 4.83%, compared with 2.29% for JPRE.

What is the main difference between JPRE and NETL?

They also come from different issuers: JPMorgan and Exchange Traded Concepts. Their fees differ too: 0.50% for JPRE and 0.60% for NETL.

Which has better risk-adjusted returns?

NETL currently has the higher Sharpe Ratio (0.86 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.