JRE vs. VNQ
Compare and contrast key facts about Janus Henderson U.S. Real Estate ETF (JRE) and Vanguard Real Estate ETF (VNQ).
JRE and VNQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JRE is an actively managed fund by Janus Henderson. It was launched on Jun 22, 2021. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JRE or VNQ.
Key characteristics
| JRE | VNQ | |
|---|---|---|
| YTD Return | -5.92% | -6.24% |
| 1Y Return | -1.69% | 3.79% |
| 3Y Return (Ann) | 1.84% | -2.32% |
| 5Y Return (Ann) | 1.84% | 2.87% |
| 10Y Return (Ann) | 1.84% | 5.15% |
| Sharpe Ratio | -0.03 | 0.17 |
| Daily Std Dev | 17.74% | 18.76% |
| Max Drawdown | -41.30% | -73.07% |
| Current Drawdown | -21.68% | -22.66% |
Correlation
The correlation between JRE and VNQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JRE vs. VNQ - Performance Comparison
In the year-to-date period, JRE achieves a -5.92% return, which is significantly higher than VNQ's -6.24% return. Over the past 10 years, JRE has underperformed VNQ with an annualized return of 1.84%, while VNQ has yielded a comparatively higher 5.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JRE vs. VNQ - Expense Ratio Comparison
JRE has a 0.65% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Risk-Adjusted Performance
JRE vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson U.S. Real Estate ETF (JRE) and Vanguard Real Estate ETF (VNQ). 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.
Dividends
JRE vs. VNQ - Dividend Comparison
JRE's dividend yield for the trailing twelve months is around 2.99%, less than VNQ's 4.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JRE Janus Henderson U.S. Real Estate ETF | 2.99% | 2.77% | 2.87% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNQ Vanguard Real Estate ETF | 4.21% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
JRE vs. VNQ - Drawdown Comparison
The maximum JRE drawdown since its inception was -41.30%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for JRE and VNQ. For additional features, visit the drawdowns tool.
Volatility
JRE vs. VNQ - Volatility Comparison
The current volatility for Janus Henderson U.S. Real Estate ETF (JRE) is 5.52%, while Vanguard Real Estate ETF (VNQ) has a volatility of 6.11%. This indicates that JRE experiences smaller price fluctuations and is considered to be less risky than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.