JRS vs. IGR

Last updated Jun 13, 2026

JRS (Nuveen Real Estate Income Fund) is a stock, while IGR (CBRE Global Real Estate Income Fund) is REIT fund managed by CBRE. Over the past 10 years, JRS returned 5.70%/yr vs 5.75%/yr for IGR. A 0.61 correlation means they provide meaningful diversification when combined. JRS charges 1.53%/yr vs 0.04%/yr for IGR.

Performance

JRS vs. IGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen Real Estate Income Fund (JRS) and CBRE Global Real Estate Income Fund (IGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JRS having a 13.72% return and IGR slightly lower at 13.09%. Both investments have delivered pretty close results over the past 10 years, with JRS having a 5.70% annualized return and IGR not far ahead at 5.75%.

JRS

• 1D: 0.23%
• 1M: 3.52%
• YTD: 13.72%
• 6M: 14.62%
• 1Y: 15.37%
• 3Y*: 14.20%
• 5Y*: 2.51%
• 10Y*: 5.70%

IGR

• 1D: 0.22%
• 1M: -1.03%
• YTD: 13.09%
• 6M: 18.73%
• 1Y: 2.84%
• 3Y*: 9.91%
• 5Y*: 0.29%
• 10Y*: 5.75%

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

JRS vs. IGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JRS Nuveen Real Estate Income Fund	13.72%	-3.38%	19.74%	13.42%	-35.61%	62.86%	-12.66%	34.92%	-18.07%	14.38%
IGR CBRE Global Real Estate Income Fund	13.09%	5.24%	1.19%	15.91%	-35.51%	52.83%	-5.27%	41.04%	-15.51%	17.32%

Correlation

The correlation between JRS and IGR is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 25, 2004	0.61

The correlation between JRS and IGR shifts across timeframes, from 0.61 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JRS vs. IGR — Risk / Return Rank

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

JRS

JRS Risk / Return Rank: 72
JRS Sharpe Ratio Rank: 75
JRS Sortino Ratio Rank: 70
JRS Omega Ratio Rank: 68
JRS Calmar Ratio Rank: 69
JRS Martin Ratio Rank: 75

IGR

IGR Risk / Return Rank: 5
IGR Sharpe Ratio Rank: 5
IGR Sortino Ratio Rank: 5
IGR Omega Ratio Rank: 5
IGR Calmar Ratio Rank: 5
IGR Martin Ratio Rank: 5

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.

JRS vs. IGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Real Estate Income Fund (JRS) and CBRE Global Real Estate Income Fund (IGR). 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.

	JRS	IGR	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.15	+0.91
Sortino ratio: Return per unit of downside risk	1.64	0.35	+1.29
Omega ratio: Gain probability vs. loss probability	1.20	1.04	+0.16
Calmar ratio: Return relative to maximum drawdown	1.39	0.18	+1.21
Martin ratio: Return relative to average drawdown	4.52	0.44	+4.08

JRS vs. IGR - Sharpe Ratio Comparison

The current JRS Sharpe Ratio is 1.06, which is higher than the IGR Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of JRS and IGR, 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

JRS vs. IGR - Drawdown Comparison

The maximum JRS drawdown since its inception was -87.80%, roughly equal to the maximum IGR drawdown of -87.17%. Use the drawdown chart below to compare losses from any high point for JRS and IGR.

Drawdown Indicators

	JRS	IGR	Difference
Max Drawdown Largest peak-to-trough decline	-87.80%	-87.17%	-0.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.10%	-16.14%	+5.04%
Max Drawdown (3Y) Largest decline over 3 years	-25.33%	-29.54%	+4.21%
Max Drawdown (5Y) Largest decline over 5 years	-45.57%	-47.61%	+2.04%
Max Drawdown (10Y) Largest decline over 10 years	-54.64%	-54.29%	-0.35%
Current Drawdown Current decline from peak	-3.91%	-9.98%	+6.07%
Average Drawdown Average peak-to-trough decline	-19.05%	-24.48%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	6.54%	-3.12%

Volatility

JRS vs. IGR - Volatility Comparison

The current volatility for Nuveen Real Estate Income Fund (JRS) is 5.26%, while CBRE Global Real Estate Income Fund (IGR) has a volatility of 5.54%. This indicates that JRS experiences smaller price fluctuations and is considered to be less risky than IGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRS	IGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	5.54%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	11.27%	14.24%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	18.60%	-4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.93%	24.76%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.32%	24.46%	-0.14%

JRS vs. IGR - Expense Ratio Comparison

JRS has a 1.53% expense ratio, which is higher than IGR's 0.04% expense ratio.

Dividends

JRS vs. IGR - Dividend Comparison

JRS's dividend yield for the trailing twelve months is around 7.98%, less than IGR's 15.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGR CBRE Global Real Estate Income Fund	15.48%	16.44%	14.97%	15.38%	12.22%	6.13%	8.72%	7.48%	9.74%	7.58%	8.84%	7.46%
JRS Nuveen Real Estate Income Fund	7.98%	8.88%	7.88%	8.70%	11.06%	5.93%	9.00%	7.16%	9.99%	8.88%	9.10%	9.04%

Frequently Asked Questions

Can I hold both JRS and IGR in my portfolio?

JRS and IGR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRS or IGR?

IGR has higher volatility (5.54%) compared to JRS (5.26%). In terms of maximum drawdown, JRS dropped -87.80% vs IGR's -87.17%.

Which has better risk-adjusted returns?

JRS currently has the higher Sharpe Ratio (1.06 vs 0.15), 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.