JRE vs. JABS

Last updated Aug 2, 2026

JRE (Janus Henderson U.S. Real Estate ETF) and JABS (Janus Henderson Asset-Backed Securities ETF) are both exchange-traded funds - JRE is a REIT fund actively managed by Janus Henderson, while JABS is a Short-Term Bond fund actively managed by Janus Henderson. Both are actively managed. Over the past year, JRE returned 25.57% vs 4.09% for JABS. Their 0.11 correlation means their historical movements had little consistent relationship. JRE charges 0.65%/yr vs 0.33%/yr for JABS.

Performance

JRE vs. JABS - Performance Comparison

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

Returns By Period

In the year-to-date period, JRE achieves a 21.26% return, which is significantly higher than JABS's 1.90% return.

JRE

• 1D: -0.56%
• 1M: 1.57%
• 6M: 18.21%
• YTD: 21.26%
• 1Y: 25.57%
• 3Y*: 11.22%
• 5Y*: 4.22%
• 10Y*: —
• ALL TIME*: 5.28%

JABS

• 1D: 0.04%
• 1M: 0.23%
• 6M: 1.76%
• YTD: 1.90%
• 1Y: 4.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JABS Janus Henderson Asset-Backed Securities ETF	$348.60K	$222.13K	$311.75K
JRE Janus Henderson U.S. Real Estate ETF	$46.81K	$44.87K	$37.37K

JRE vs. JABS - Yearly Performance Comparison

	2026 (YTD)	2025
JRE Janus Henderson U.S. Real Estate ETF	21.26%	0.48%
JABS Janus Henderson Asset-Backed Securities ETF	1.90%	2.49%

Correlation

The correlation between JRE and JABS is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.11

Return for Risk

JRE vs. JABS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JRE

JRE Risk / Return Rank: 83
JRE Sharpe Ratio Rank: 81
JRE Sortino Ratio Rank: 80
JRE Omega Ratio Rank: 79
JRE Calmar Ratio Rank: 88
JRE Martin Ratio Rank: 85

JABS

JABS Risk / Return Rank: 92
JABS Sharpe Ratio Rank: 89
JABS Sortino Ratio Rank: 93
JABS Omega Ratio Rank: 90
JABS Calmar Ratio Rank: 93
JABS Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JRE vs. JABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson U.S. Real Estate ETF (JRE) and Janus Henderson Asset-Backed Securities ETF (JABS). 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	JABS	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.23	-0.36
Sortino ratio: Return per unit of downside risk	2.59	3.55	-0.96
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.62	4.62	-1.01
Martin ratio: Return relative to average drawdown	11.81	17.77	-5.96

JRE vs. JABS - Sharpe Ratio Comparison

The current JRE Sharpe Ratio is 1.87, which is comparable to the JABS Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of JRE and JABS, 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. JABS - Drawdown Comparison

The maximum JRE drawdown since its inception was -31.69%, which is greater than JABS's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for JRE and JABS.

Drawdown Indicators

	JRE	JABS	Difference
Max Drawdown Largest peak-to-trough decline	-31.69%	-0.97%	-30.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-0.97%	-6.17%
Max Drawdown (3Y) Largest decline over 3 years	-18.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.69%	—	—
Current Drawdown Current decline from peak	-2.97%	-0.19%	-2.78%
Average Drawdown Average peak-to-trough decline	-12.26%	-0.17%	-12.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	0.25%	+1.93%

Volatility

JRE vs. JABS - Volatility Comparison

Janus Henderson U.S. Real Estate ETF (JRE) has a higher volatility of 5.05% compared to Janus Henderson Asset-Backed Securities ETF (JABS) at 0.74%. This indicates that JRE's price experiences larger fluctuations and is considered to be riskier than JABS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRE	JABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	0.74%	+4.31%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	1.46%	+9.56%
Volatility (1Y) Calculated over the trailing 1-year period	13.93%	2.02%	+11.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	2.02%	+16.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.69%	2.02%	+16.67%

JRE vs. JABS - Expense Ratio Comparison

JRE has a 0.65% expense ratio, which is higher than JABS's 0.33% expense ratio.

Dividends

JRE vs. JABS - Dividend Comparison

JRE's dividend yield for the trailing twelve months is around 4.64%, less than JABS's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021
JABS Janus Henderson Asset-Backed Securities ETF	4.99%	2.19%	0.00%	0.00%	0.00%	0.00%
JRE Janus Henderson U.S. Real Estate ETF	4.64%	5.81%	2.20%	2.77%	2.87%	0.90%

Frequently Asked Questions

Can I hold both JRE and JABS in my portfolio?

JRE and JABS have a correlation of 0.13, 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 JABS?

JRE has higher volatility (5.05%) compared to JABS (0.74%). In terms of maximum drawdown, JRE dropped -31.69% vs JABS's -0.97%.

Which ETF is better, JRE or JABS?

On 1-year performance, JRE leads with 25.57% vs 4.09% for JABS. On fees, JABS is cheaper at 0.33% per year. On volatility, JABS has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JRE or JABS?

Over the 1-year period, JRE has performed better with a 25.57% return vs 4.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JRE or JABS?

JABS is cheaper with a 0.33% expense ratio, compared with 0.65% for JRE.

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

JABS has the higher dividend yield at 4.99%, compared with 4.64% for JRE.

What is the main difference between JRE and JABS?

JRE is categorized as REIT, while JABS is Short-Term Bond. Their fees differ too: 0.65% for JRE and 0.33% for JABS.

Which has better risk-adjusted returns?

JABS currently has the higher Sharpe Ratio (2.23 vs 1.87), 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.