JRE vs QQQ
Janus Henderson US Real Estate ETF vs Invesco QQQ Trust, Series 1
Which is better, JRE or QQQ?
All Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.1%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JRE | QQQ |
|---|---|---|
| Expense Ratio | 0.65% | 0.18%Best |
| AUM | $4M | $483.5B |
| Dividend Yield | 4.65% | 0.44% |
| Holdings | 25 | 107 |
| Volatility (annualized) | 18.5%Best | 20.8% |
| Max Drawdown | -31.7%Best | -35.1% |
| $10,000 over 5.1 years | $12,894 | $21,112Best |
| Top 10 Weight | 66.1% | 46.5%Best |
| Fund Family | Janus Henderson Investors | Invesco (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Growth |
| Inception | Jun 22, 2021 | Mar 10, 1999 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 36 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. JRE has data through Aug 6, 2026 and QQQ through Sep 11, 2026.
Volatility and max drawdown, and the $10,000 over 5.1 years row, are measured over the window both funds cover: Jun 23, 2021 to Aug 6, 2026 (5.1 years).
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.8% compared with 18.5% for JRE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.7% for JRE and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JRE charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, JRE currently yields 4.65% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 24 holdings in JRE and 102 in QQQ, totalling 99.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 97 days apart, JRE as of Apr 30, 2026 and QQQ as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 24 positions we hold weights for in JRE and 102 in QQQ, against full books of 25 and 107.
What only one of them owns
Our book lists 95 positions for QQQ that do not appear in our book for JRE (97.0% of the fund), and 24 for JRE that do not appear in QQQ (99.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of JRE and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JRE or QQQ?
JRE has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option, by $47 a year on a $10,000 investment.
Which is riskier, JRE or QQQ?
QQQ has been the more volatile fund at 20.8% annualized versus 18.5% for JRE. Worst drawdown: JRE -31.7% vs QQQ -35.1%.
Should I hold both JRE and QQQ?
JRE and QQQ have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JRE or QQQ?
JRE yields 4.65% while QQQ yields 0.44%, so JRE currently pays the higher dividend yield.
Is QQQ better than JRE?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 66.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.