NURE vs. JRE

Last updated Aug 2, 2026

NURE (Nuveen Short-Term REIT ETF) and JRE (Janus Henderson U.S. Real Estate ETF) are both REIT funds. NURE is passively managed, while JRE is actively managed. Over the past 5 years, NURE returned 1.35%/yr vs 4.22%/yr for JRE. Their correlation of 0.89 means they have usually moved in the same direction. NURE charges 0.35%/yr vs 0.65%/yr for JRE.

Performance

NURE vs. JRE - Performance Comparison

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

Returns By Period

In the year-to-date period, NURE achieves a 18.24% return, which is significantly lower than JRE's 21.26% return.

NURE

• 1D: 0.15%
• 1M: -1.14%
• 6M: 17.18%
• YTD: 18.24%
• 1Y: 20.18%
• 3Y*: 6.66%
• 5Y*: 1.35%
• 10Y*: —
• ALL TIME*: 6.33%

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%

*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)
JRE Janus Henderson U.S. Real Estate ETF	$46.81K	$44.87K	$37.37K
NURE Nuveen Short-Term REIT ETF	$84.21K	$101.52K	$138.35K

NURE vs. JRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NURE Nuveen Short-Term REIT ETF	18.24%	-7.51%	6.65%	13.09%	-28.48%	19.03%
JRE Janus Henderson U.S. Real Estate ETF	21.26%	2.97%	7.65%	8.79%	-23.47%	16.20%

Correlation

The correlation between NURE and JRE is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021	0.89

The correlation between NURE and JRE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

NURE vs. JRE — Risk / Return Rank

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

NURE

NURE Risk / Return Rank: 52
NURE Sharpe Ratio Rank: 51
NURE Sortino Ratio Rank: 53
NURE Omega Ratio Rank: 48
NURE Calmar Ratio Rank: 62
NURE Martin Ratio Rank: 47

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

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.

NURE vs. JRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen Short-Term REIT ETF (NURE) and Janus Henderson U.S. Real Estate ETF (JRE). 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.

	NURE	JRE	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.87	-0.61
Sortino ratio: Return per unit of downside risk	1.87	2.59	-0.72
Omega ratio: Gain probability vs. loss probability	1.22	1.33	-0.11
Calmar ratio: Return relative to maximum drawdown	2.17	3.62	-1.44
Martin ratio: Return relative to average drawdown	5.37	11.81	-6.44

NURE vs. JRE - Sharpe Ratio Comparison

The current NURE Sharpe Ratio is 1.25, which is lower than the JRE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of NURE and JRE, 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

NURE vs. JRE - Drawdown Comparison

The maximum NURE drawdown since its inception was -46.05%, which is greater than JRE's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for NURE and JRE.

Drawdown Indicators

	NURE	JRE	Difference
Max Drawdown Largest peak-to-trough decline	-46.05%	-31.69%	-14.36%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-7.14%	-1.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.03%	-18.37%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-35.98%	-31.69%	-4.29%
Current Drawdown Current decline from peak	-6.78%	-2.97%	-3.81%
Average Drawdown Average peak-to-trough decline	-12.22%	-12.26%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.18%	+1.51%

Volatility

NURE vs. JRE - Volatility Comparison

Nuveen Short-Term REIT ETF (NURE) and Janus Henderson U.S. Real Estate ETF (JRE) have volatilities of 5.05% and 5.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NURE	JRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	5.05%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	11.02%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	13.93%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.68%	18.75%	+0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.73%	18.69%	+3.04%

NURE vs. JRE - Expense Ratio Comparison

NURE has a 0.35% expense ratio, which is lower than JRE's 0.65% expense ratio.

Dividends

NURE vs. JRE - Dividend Comparison

NURE's dividend yield for the trailing twelve months is around 4.04%, less than JRE's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JRE Janus Henderson U.S. Real Estate ETF	4.64%	5.81%	2.20%	2.77%	2.87%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%
NURE Nuveen Short-Term REIT ETF	4.04%	4.56%	3.51%	3.73%	2.80%	1.34%	3.41%	3.28%	4.11%	3.86%	0.48%

Frequently Asked Questions

Can I hold both NURE and JRE in my portfolio?

NURE and JRE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NURE or JRE?

JRE has higher volatility (5.05%) compared to NURE (5.05%). In terms of maximum drawdown, NURE dropped -46.05% vs JRE's -31.69%.

Which ETF is better, NURE or JRE?

On 5-year performance, JRE leads with 4.22% vs 1.35% for NURE. On fees, NURE is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NURE or JRE?

Over the 5-year period, JRE has performed better with a 4.22% return vs 1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NURE or JRE?

NURE is cheaper with a 0.35% expense ratio, compared with 0.65% for JRE.

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

JRE has the higher dividend yield at 4.64%, compared with 4.04% for NURE.

What is the main difference between NURE and JRE?

They also come from different issuers: Nuveen and Janus Henderson. Their fees differ too: 0.35% for NURE and 0.65% for JRE.

Which has better risk-adjusted returns?

JRE currently has the higher Sharpe Ratio (1.87 vs 1.25), 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.