JPRE vs. URE
JPRE (JPMorgan Realty Income ETF) and URE (ProShares Ultra Real Estate) are both REIT funds. JPRE is actively managed, while URE is passively managed. Over the past 3 years, JPRE returned 10.95%/yr vs 11.17%/yr for URE. Their 0.98 correlation means they have historically moved very closely together. JPRE charges 0.50%/yr vs 0.95%/yr for URE.
Performance
JPRE vs. URE - Performance Comparison
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Returns By Period
In the year-to-date period, JPRE achieves a 15.30% return, which is significantly lower than URE's 22.90% return.
JPRE
- 1D
- -0.37%
- 1M
- 0.47%
- 6M
- 13.44%
- YTD
- 15.30%
- 1Y
- 15.53%
- 3Y*
- 10.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.19%
URE
- 1D
- -0.36%
- 1M
- 1.54%
- 6M
- 21.03%
- YTD
- 22.90%
- 1Y
- 16.32%
- 3Y*
- 11.17%
- 5Y*
- -4.36%
- 10Y*
- 2.19%
- ALL TIME*
- -3.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.00M | $1.13M | $1.22M | |
| $586.29K | $396.60K | $255.65K |
JPRE vs. URE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 15.30% | 1.36% | 7.43% | 13.41% | -9.60% |
URE ProShares Ultra Real Estate | 22.90% | -3.65% | 0.35% | 11.58% | -23.01% |
Correlation
The correlation between JPRE and URE is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.98 |
The correlation between JPRE and URE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
JPRE vs. URE — Risk / Return Rank
JPRE
URE
JPRE vs. URE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) and ProShares Ultra Real Estate (URE). 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.
| JPRE | URE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.99 | +1.03 |
| Martin ratioReturn relative to average drawdown | 6.43 | 2.72 | +3.71 |
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Drawdowns
JPRE vs. URE - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum URE drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for JPRE and URE.
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Drawdown Indicators
| JPRE | URE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -97.16% | +73.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -16.50% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -33.77% | +17.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.49% | — |
Current DrawdownCurrent decline from peak | -2.93% | -48.97% | +46.04% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -64.38% | +56.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 6.01% | -3.59% |
Volatility
JPRE vs. URE - Volatility Comparison
The current volatility for JPMorgan Realty Income ETF (JPRE) is 4.34%, while ProShares Ultra Real Estate (URE) has a volatility of 8.50%. This indicates that JPRE experiences smaller price fluctuations and is considered to be less risky than URE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPRE | URE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 8.50% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 21.99% | -11.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 27.96% | -14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.23% | 37.52% | -19.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 40.68% | -22.45% |
JPRE vs. URE - Expense Ratio Comparison
JPRE has a 0.50% expense ratio, which is lower than URE's 0.95% expense ratio.
Dividends
JPRE vs. URE - Dividend Comparison
JPRE's dividend yield for the trailing twelve months is around 2.20%, more than URE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 2.20% | 2.62% | 2.21% | 3.26% | 10.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URE ProShares Ultra Real Estate | 1.98% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Frequently Asked Questions
With a correlation of 0.97, JPRE and URE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
URE has higher volatility (8.50%) compared to JPRE (4.34%). In terms of maximum drawdown, JPRE dropped -23.84% vs URE's -97.16%.
On 3-year performance, URE leads with 11.17% vs 10.95% for JPRE. On fees, JPRE is cheaper at 0.50% per year. On volatility, JPRE has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, URE has performed better with a 11.17% return vs 10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPRE is cheaper with a 0.50% expense ratio, compared with 0.95% for URE.
JPRE has the higher dividend yield at 2.20%, compared with 1.98% for URE.
They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.50% for JPRE and 0.95% for URE.
JPRE currently has the higher Sharpe Ratio (1.13 vs 0.59), 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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