SRHR vs. JRE

Last updated Aug 2, 2026

SRHR (SRH REIT Covered Call ETF) and JRE (Janus Henderson U.S. Real Estate ETF) are both REIT funds. Both are actively managed. Over the past year, SRHR returned 20.98% vs 25.57% for JRE. Their correlation of 0.91 means they have usually moved in the same direction. SRHR charges 0.75%/yr vs 0.65%/yr for JRE.

Performance

SRHR vs. JRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SRH REIT Covered Call ETF (SRHR) 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, SRHR achieves a 18.07% return, which is significantly lower than JRE's 21.26% return.

SRHR

• 1D: -0.71%
• 1M: 0.49%
• 6M: 14.77%
• YTD: 18.07%
• 1Y: 20.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.35%

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
SRHR SRH REIT Covered Call ETF	$23.71K	$13.02K	$7.09K

SRHR vs. JRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRHR SRH REIT Covered Call ETF	18.07%	-0.91%	3.94%	15.98%
JRE Janus Henderson U.S. Real Estate ETF	21.26%	2.97%	7.65%	16.61%

Correlation

The correlation between SRHR and JRE is 0.88, 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.	0.88
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.91

The correlation between SRHR and JRE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

SRHR vs. JRE — Risk / Return Rank

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

SRHR

SRHR Risk / Return Rank: 65
SRHR Sharpe Ratio Rank: 66
SRHR Sortino Ratio Rank: 67
SRHR Omega Ratio Rank: 60
SRHR Calmar Ratio Rank: 69
SRHR Martin Ratio Rank: 63

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.

SRHR vs. JRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) 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.

	SRHR	JRE	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.87	-0.34
Sortino ratio: Return per unit of downside risk	2.20	2.59	-0.39
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.44	3.62	-1.18
Martin ratio: Return relative to average drawdown	7.56	11.81	-4.25

SRHR vs. JRE - Sharpe Ratio Comparison

The current SRHR Sharpe Ratio is 1.53, which is comparable to the JRE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of SRHR 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

SRHR vs. JRE - Drawdown Comparison

The maximum SRHR drawdown since its inception was -18.68%, smaller than the maximum JRE drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for SRHR and JRE.

Drawdown Indicators

	SRHR	JRE	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-31.69%	+13.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.14%	-1.20%
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	-2.06%	-2.97%	+0.91%
Average Drawdown Average peak-to-trough decline	-4.67%	-12.26%	+7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.18%	+0.50%

Volatility

SRHR vs. JRE - Volatility Comparison

The current volatility for SRH REIT Covered Call ETF (SRHR) is 4.21%, while Janus Henderson U.S. Real Estate ETF (JRE) has a volatility of 5.05%. This indicates that SRHR experiences smaller price fluctuations and is considered to be less risky than JRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRHR	JRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	5.05%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	11.02%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	13.93%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	18.75%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	18.69%	-2.94%

SRHR vs. JRE - Expense Ratio Comparison

SRHR has a 0.75% expense ratio, which is higher than JRE's 0.65% expense ratio.

Dividends

SRHR vs. JRE - Dividend Comparison

SRHR's dividend yield for the trailing twelve months is around 6.07%, more than JRE's 4.64% yield.

Position	TTM	2025	2024	2023	2022	2021
JRE Janus Henderson U.S. Real Estate ETF	4.64%	5.81%	2.20%	2.77%	2.87%	0.90%
SRHR SRH REIT Covered Call ETF	6.07%	7.07%	6.90%	0.95%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRHR and JRE in my portfolio?

SRHR and JRE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRHR or JRE?

JRE has higher volatility (5.05%) compared to SRHR (4.21%). In terms of maximum drawdown, SRHR dropped -18.68% vs JRE's -31.69%.

Which ETF is better, SRHR or JRE?

On 1-year performance, JRE leads with 25.57% vs 20.98% for SRHR. On fees, JRE is cheaper at 0.65% per year. On volatility, SRHR has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRHR or JRE?

Over the 1-year period, JRE has performed better with a 25.57% return vs 20.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRHR or JRE?

JRE is cheaper with a 0.65% expense ratio, compared with 0.75% for SRHR.

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

SRHR has the higher dividend yield at 6.07%, compared with 4.64% for JRE.

What is the main difference between SRHR and JRE?

They also come from different issuers: SRH and Janus Henderson. Their fees differ too: 0.75% for SRHR and 0.65% for JRE.

Which has better risk-adjusted returns?

JRE currently has the higher Sharpe Ratio (1.87 vs 1.53), 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.