JRE vs. FFUT

Last updated Jun 23, 2026

JRE (Janus Henderson U.S. Real Estate ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - JRE is a fund fund actively managed by Janus Henderson, while FFUT is a Systematic Trend fund actively managed by Fidelity. Both are actively managed. Over the past year, JRE returned 19.12% vs 18.91% for FFUT. At a correlation of -0.15, they often move in opposite directions. JRE charges 0.65%/yr vs 0.80%/yr for FFUT.

Performance

JRE vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson U.S. Real Estate ETF (JRE) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRE achieves a 16.53% return, which is significantly higher than FFUT's 9.23% return.

JRE

• 1D: 1.21%
• 1M: 0.80%
• YTD: 16.53%
• 6M: 16.75%
• 1Y: 19.12%
• 3Y*: 12.08%
• 5Y*: 4.60%
• 10Y*: —

FFUT

• 1D: -0.52%
• 1M: -2.34%
• YTD: 9.23%
• 6M: 9.36%
• 1Y: 18.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JRE vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
JRE Janus Henderson U.S. Real Estate ETF	16.53%	2.40%
FFUT Fidelity Managed Futures ETF	9.23%	8.58%

Correlation

The correlation between JRE and FFUT is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.15

Return for Risk

JRE vs. FFUT — Risk / Return Rank

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

JRE

JRE Risk / Return Rank: 45
JRE Sharpe Ratio Rank: 40
JRE Sortino Ratio Rank: 38
JRE Omega Ratio Rank: 39
JRE Calmar Ratio Rank: 56
JRE Martin Ratio Rank: 50

FFUT

FFUT Risk / Return Rank: 64
FFUT Sharpe Ratio Rank: 51
FFUT Sortino Ratio Rank: 51
FFUT Omega Ratio Rank: 54
FFUT Calmar Ratio Rank: 87
FFUT Martin Ratio Rank: 80

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.

JRE vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson U.S. Real Estate ETF (JRE) and Fidelity Managed Futures ETF (FFUT). 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.

	JRE	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.69	-0.30
Sortino ratio: Return per unit of downside risk	1.91	2.42	-0.51
Omega ratio: Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.69	4.77	-2.08
Martin ratio: Return relative to average drawdown	8.30	15.04	-6.74

JRE vs. FFUT - Sharpe Ratio Comparison

The current JRE Sharpe Ratio is 1.39, which is comparable to the FFUT Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of JRE and FFUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JRE vs. FFUT - Drawdown Comparison

The maximum JRE drawdown since its inception was -31.69%, which is greater than FFUT's maximum drawdown of -3.98%. Use the drawdown chart below to compare losses from any high point for JRE and FFUT.

Drawdown Indicators

	JRE	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-31.69%	-3.98%	-27.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-3.98%	-3.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	—	—
Current Drawdown Current decline from peak	-0.81%	-3.98%	+3.17%
Average Drawdown Average peak-to-trough decline	-12.51%	-0.94%	-11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.26%	+1.05%

Volatility

JRE vs. FFUT - Volatility Comparison

Janus Henderson U.S. Real Estate ETF (JRE) has a higher volatility of 5.35% compared to Fidelity Managed Futures ETF (FFUT) at 2.92%. This indicates that JRE's price experiences larger fluctuations and is considered to be riskier than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRE	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.35%	2.92%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	8.96%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	11.23%	+2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	11.03%	+7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	11.03%	+7.70%

JRE vs. FFUT - Expense Ratio Comparison

JRE has a 0.65% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

JRE vs. FFUT - Dividend Comparison

JRE's dividend yield for the trailing twelve months is around 4.85%, more than FFUT's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021
FFUT Fidelity Managed Futures ETF	1.91%	2.09%	0.00%	0.00%	0.00%	0.00%
JRE Janus Henderson U.S. Real Estate ETF	4.85%	5.81%	2.20%	2.77%	2.87%	0.90%

Frequently Asked Questions

Can I hold both JRE and FFUT in my portfolio?

JRE and FFUT have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRE or FFUT?

JRE has higher volatility (5.35%) compared to FFUT (2.92%). In terms of maximum drawdown, JRE dropped -31.69% vs FFUT's -3.98%.

Which ETF is better, JRE or FFUT?

On 1-year performance, JRE leads with 19.12% vs 18.91% for FFUT. On fees, JRE is cheaper at 0.65% per year. On volatility, FFUT has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JRE or FFUT?

Over the 1-year period, JRE has performed better with a 19.12% return vs 18.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JRE or FFUT?

JRE is cheaper with a 0.65% expense ratio, compared with 0.80% for FFUT.

Which ETF pays a higher dividend yield, JRE or FFUT?

JRE has the higher dividend yield at 4.85%, compared with 1.91% for FFUT.

What is the main difference between JRE and FFUT?

They also come from different issuers: Janus Henderson and Fidelity. Their fees differ too: 0.65% for JRE and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.69 vs 1.39), 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.