USRT vs. JRE
USRT (iShares Core U.S. REIT ETF) and JRE (Janus Henderson U.S. Real Estate ETF) are both REIT funds. USRT is passively managed, while JRE is actively managed. Over the past 5 years, USRT returned 5.19%/yr vs 4.22%/yr for JRE. Their 0.97 correlation means they have historically moved very closely together. USRT charges 0.08%/yr vs 0.65%/yr for JRE.
Performance
USRT vs. JRE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with USRT having a 20.27% return and JRE slightly higher at 21.26%.
USRT
- 1D
- -0.54%
- 1M
- 0.64%
- 6M
- 16.77%
- YTD
- 20.27%
- 1Y
- 25.30%
- 3Y*
- 12.13%
- 5Y*
- 5.19%
- 10Y*
- 6.03%
- ALL TIME*
- 5.55%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $46.81K | $44.87K | $37.37K | |
| $30.77M | $33.55M | $34.12M |
USRT vs. JRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USRT iShares Core U.S. REIT ETF | 20.27% | 2.44% | 8.58% | 13.64% | -24.43% | 16.02% |
JRE Janus Henderson U.S. Real Estate ETF | 21.26% | 2.97% | 7.65% | 8.79% | -23.47% | 16.20% |
Correlation
The correlation between USRT and JRE is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021 | 0.97 |
The correlation between USRT and JRE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
USRT vs. JRE — Risk / Return Rank
USRT
JRE
USRT vs. JRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core U.S. REIT ETF (USRT) 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.
| USRT | JRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.62 | -0.53 |
| Martin ratioReturn relative to average drawdown | 10.42 | 11.81 | -1.38 |
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Drawdowns
USRT vs. JRE - Drawdown Comparison
The maximum USRT drawdown since its inception was -69.92%, which is greater than JRE's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for USRT and JRE.
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Drawdown Indicators
| USRT | JRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.92% | -31.69% | -38.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -7.14% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -18.37% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -31.69% | +0.66% |
Max Drawdown (10Y)Largest decline over 10 years | -44.38% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -2.97% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -12.88% | -12.26% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.18% | +0.19% |
Volatility
USRT vs. JRE - Volatility Comparison
The current volatility for iShares Core U.S. REIT ETF (USRT) is 4.64%, while Janus Henderson U.S. Real Estate ETF (JRE) has a volatility of 5.05%. This indicates that USRT 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.
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Volatility by Period
| USRT | JRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 5.05% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 11.02% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 13.93% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.93% | 18.75% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.34% | 18.69% | +2.65% |
USRT vs. JRE - Expense Ratio Comparison
USRT has a 0.08% expense ratio, which is lower than JRE's 0.65% expense ratio.
Dividends
USRT vs. JRE - Dividend Comparison
USRT's dividend yield for the trailing twelve months is around 2.51%, less than JRE's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
USRT iShares Core U.S. REIT ETF | 2.51% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
With a correlation of 0.96, USRT and JRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JRE has higher volatility (5.05%) compared to USRT (4.64%). In terms of maximum drawdown, USRT dropped -69.92% vs JRE's -31.69%.
On 5-year performance, USRT leads with 5.19% vs 4.22% for JRE. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USRT has performed better with a 5.19% return vs 4.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.65% for JRE.
JRE has the higher dividend yield at 4.64%, compared with 2.51% for USRT.
They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.08% for USRT and 0.65% for JRE.
JRE currently has the higher Sharpe Ratio (1.87 vs 1.80), 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.
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