JRE vs VOO
Janus Henderson US Real Estate ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. JRE delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JRE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $4M | $997.4B | |
| Dividend Yield | 4.65% | 1.08% | |
| Holdings | 25 | 509 | |
| YTD Return | +20.13% | +12.95% | |
| 1Y Return | +23.54% | +20.69% | |
| 3Y Return (annualized) | +11.02% | +22.09% | |
| 5Y Return (annualized) | +3.94% | +13.40% | |
| Volatility (annualized) | 18.5% | 14.1% | |
| Max Drawdown | -31.7% | -34.3% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 22, 2021 | Sep 7, 2010 |
JRE vs VOO Performance
Janus Henderson US Real Estate ETF (JRE) is a ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JRE returned +23.54% while VOO returned +20.69%. Year to date, JRE is up 20.13% versus a gain of 12.95% for VOO.
Over three years, JRE compounded at +11.02% per year against +22.09% for VOO; over five years the annualized figures are +3.94% and +13.40% respectively. Across the full 5-year window we track, VOO has the edge at +13.50% annualized vs +5.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JRE has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JRE charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, JRE currently yields 4.65% against 1.08% for VOO.
Holdings Overlap
JRE and VOO share 12 holdings out of 517 unique holdings combined, representing a 1.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JRE or VOO?
JRE has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, JRE or VOO?
Over the past year JRE returned +23.54% vs +20.69% for VOO, so JRE leads on 1-year performance. Over the longest common window we track (5 years), JRE annualized +5.11% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, JRE or VOO?
JRE has been the more volatile fund at 18.5% annualized versus 14.1% for VOO. Worst drawdown: JRE -31.7% vs VOO -34.3%.
Should I hold both JRE and VOO?
JRE and VOO have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JRE and VOO?
JRE and VOO share 12 common holdings with a 1.3% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, JRE or VOO?
JRE yields 4.65% while VOO yields 1.08%, so JRE currently pays the higher dividend yield.
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