ETF Evaluator:
Janus Henderson US Real Estate ETF ()
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Best Performing in Real Estate Over the Last Year
| 46.1% | Global X Data Center & Dgtl Infrs ETF (DTCR) |
| 31.7% | Invesco KBW Premium Yield Eq REIT ETF (KBWY) |
| 25.7% | State Street® SPDR® Dow Jones® REIT ETF (RWR) |
| 25.5% | Janus Henderson US Real Estate ETF (JRE) |
| 25.3% | ALPS REIT Dividend Dogs ETF (RDOG) |
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ETF Details
Janus Henderson US Real Estate ETF Overview
Janus Henderson US Real Estate ETF (JRE) is an actively managed Sector Equity Real Estate exchange-traded fund (ETF). Janus Henderson launched the ETF in 2021.
The investment seeks total return through a combination of capital appreciation and current income.
The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. real estate-related companies. Such companies may include those in the real estate industry or real estate-related industries. It may also invest up to 15% of its net assets in securities of Canadian issuers. The fund is non-diversified.
About Janus Henderson US Real Estate ETF (JRE)
There are 2 members of the management team with an average tenure of 5.11 years: Greg Kuhl (2021) and Daniel Greenberger (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and FTSE Nareit Equity REITs TR USD index with a weighting of 100%. Janus Henderson US Real Estate ETF has 25 securities in its portfolio. The top 10 holdings constitute 66.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Janus Henderson US Real Estate ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Janus Henderson US Real Estate ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Janus Henderson US Real Estate ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $4 million in total assets, which is below the $1 billion average for the Real Estate category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JRE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Janus Henderson US Real Estate ETF expense ratio is above average compared to funds in the Real Estate category. Janus Henderson US Real Estate ETF has an expense ratio of 0.65%, which is 33% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Janus Henderson US Real Estate ETF has a portfolio turnover rate of 65%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Real Estate category.
Recently, in the month of July 2026, Janus Henderson US Real Estate ETF returned 2.7%, which earned it a grade of A, as the Real Estate category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Janus Henderson US Real Estate ETF has a trailing yield of 4.65%, which is above the 4.13% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Janus Henderson US Real Estate ETF Grades
Year to date, the ETF has returned 21.0%, 6.3 percentage points better than the category, which translates into a grade of A. The fund has returned 25.5% over the past year (grade of A), 11.1% over the past three years (grade of A) and 4.2% per year over the past five years (grade of B).
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JRE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JRE Return (NAV) | 2.7% | 5.3% | 25.5% | 11.1% | 4.2% | na |
| JRE Return (Price) | 0.9% | 7.0% | 22.0% | 11.2% | 4.2% | na |
| NAV +/- Price Return | 1.728% | -1.718% | 3.496% | -0.087% | -0.023% | na |
| Real Estate Avg | 1.2% | 3.6% | 17.3% | 9.2% | 2.8% | 4.3% |
| JRE Grade (NAV) | A | B | A | A | B | na |
| +/- Category (NAV) | 1.5% | 1.6% | 8.2% | 1.8% | 1.4% | na |
| JRE Tax-Cost Ratio | na | na | 2.2% | 1.4% | 1.2% | na |
JRE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JRE Return (NAV) | 21.0% | 3.0% | 7.6% | 8.7% | -23.3% | na | na | na | na | na | na |
| JRE Return (Price) | 21.3% | 3.8% | 6.7% | 8.8% | -23.5% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.011% | 0.270% | -0.118% | 0.009% | 0.008% | na | na | na | na | na | na |
| Real Estate Avg | 14.7% | 2.2% | 5.1% | 11.8% | -25.5% | 37.6% | -8.2% | 26.9% | -4.5% | 8.2% | 10.1% |
| JRE Grade (NAV) | A | B | B | F | A | na | na | na | na | na | na |
| +/- Category | 6.3% | 0.8% | 2.5% | -3.1% | 2.2% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.90 |
| R-Squared: | 52% |
| Standard Deviation: | 15.8% |
| Category Risk Index: | 0.92 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.29 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 4.7% |
| Total Assets: | $ 4 Mil |
| Share Class Assets: | $ 4 Mil |
| Turnover: | 65.0% |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.1 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Kuhl Greg (2021), Greenberger Daniel (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 25 |
| % in Top 10 Holdings: | 66.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Janus Henderson |
| Phone Number: | 800-668-0434 |
| Website: | janusetfs.com |
| Inception Date: | June 22, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.49% |
