JRE
Janus Henderson U.S. Real Estate ETF
JRE is an actively managed fund of real-estate and real estate-related companies in the United States.
Fund Basics
Fund sponsor | Janus Henderson |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 22, 2021 |
Assets (mns) | $3 |
Expense ratio | 65 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
PROLOGIS INC | 10.8 % |
EQUINIX INC | 10.7 % |
WELLTOWER, INC. | 7.5 % |
AVALONBAY COMMUNITIES INC | 6.3 % |
EXTRA SPACE STORAGE INC | 6.1 % |
AMERICOLD REALTY TRUST | 4.8 % |
SABRA HEALTH CARE REIT INC | 4.6 % |
BRIXMOR PROPERTY GROUP INC | 4.1 % |
STAG INDUSTRIAL INC | 4.0 % |
UDR INC | 4.0 % |
Constituent Breakdown
Number of holdings | 25 |
Herfindahl-Hirschman Index | 578 |
Wgt avg mkt cap (mns) | $29,042 |
Large cap (>$10bn) | 55.6% |
Mid cap ($2-10bn) | 44.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 91.2 % | |
CANADA | 6.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-1.0% | 5.0% | -6.7% | -- | -- | -- | -4.6% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 70% |
MSCI EAFE | 0.97 | 71% |
MSCI Emg Mkts | 0.74 | 42% |
Liquidity Measures
Avg. volume (000) | 2 |
Turnover | 1.6% |
Avg. Bid/Ask (% of price) | 0.24% |
ADV of underlying (mns) | $2,256 |
Technical Indicators
Recent close | $20.79 |
30d moving avg. | $21.26 |
Annualized volatility | 21.6% |
Relative strength (RSI) | 70 |
Short interest (ETF) | 2.8% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. JRE |
Expenses vs. JRE |
ALTAR Score™ vs. JRE |
---|---|---|---|---|
FPRO | Fidelity Real Estate Investment ETF | 43.7% | -6 bp | -0.3% |
JPRE | JPMorgan Realty Income ETF | 41.2% | -15 bp | +0.5% |
RWR | SPDR Dow Jones REIT ETF | 38.0% | -40 bp | +0.8% |
BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 37.0% | -54 bp | +1.2% |
XLRE | Real Estate Select Sector SPDR Fund | 36.9% | -56 bp | +0.7% |
USRT | iShares Core U.S. REIT ETF | 36.6% | -57 bp | +1.2% |
ICF | iShares Cohen & Steers REIT ETF | 36.4% | -32 bp | +0.6% |
FRI | First Trust S&P REIT Index Fund | 36.4% | -15 bp | +0.7% |
IYR | iShares U.S. Real Estate ETF | 34.3% | -25 bp | +0.9% |
DFAR | Dimensional US Real Estate ETF | 34.2% | -46 bp | +1.1% |
Risk and Returns: JRE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JRE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
JRE
6.4%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.4% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. JRE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places JRE in the 58th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
JRE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
JRE | 65.0 | 24.2 | 89.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .