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JREvsFRELETF Comparison

ETF 1
JRE

Janus Henderson U.S. Real Estate ETF

This fund is part of
US Real Estate
-0.99%
Full JRE fund page
VS
ETF 2
FREL

Fidelity MSCI Real Estate Index ETF

This fund is part of
US Real Estate
-0.99%
Full FREL fund page

Janus Henderson U.S. Real Estate ETF (JRE) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. JRE's top 3 sector exposures are Real Estate and Consumer Discretionary. In contrast, FREL's top sector exposures are Real Estate and Industrials. JRE is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.08% for FREL. JRE is up 9.07% year-to-date (YTD) with - in YTD flows. FREL performs worse with 5.65% YTD performance, and +$264M in YTD flows. Run a side-by-side ETF comparison of JRE and FREL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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JRE vs FREL performance and flow charts

Performance

-1.00.01.02.03.0%Feb 10Feb 18Feb 25Mar 4

Cumulative Flows

0 M10 M20 M30 M40 MFeb 10Feb 18Feb 25Mar 4

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Historic performance and flows
Data as of 03/10/2026
1M3MYTD1Y3Y5Y
Perf.
JRE
FREL
+1.19%-0.36%
+9.66%+5.83%
+9.07%+5.65%
+12.06%+6.16%
+31.79%+30.55%
n/a+25.96%
Flows
JRE
FREL
-+$35M
-+$276M
-+$264M
-$22M+$369M
-$4M+$43M
-+$163M
Volatility and drawdown
3M1Y3Y5Y
Volatility
JRE
FREL
+11.61%+11.75%
+16.56%+16.37%
+16.73%+17.19%
n/a+18.86%
Max drawdown
JRE
FREL
-3.38%-3.47%
-12.61%-12.43%
-18.38%-17.46%
n/a-34.35%
Max drawdown duration
JRE
FREL
17d21d
43d79d
140d441d
n/a1528d
Trading data

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JRE
FREL
Last sale
3/12/2026 at 1:30 PM
$24.98
$27.92
Previous close
03/11/2026
$25.11
$28.11
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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JRE
is actively managed and doesn’t replicate an index

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JRE
FREL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/12/2026 at 1:30 PM
Live
Closed
JRE
FREL
Last price
$24.98
$27.92
1D performance
-0.52%
-0.68%
AuM$3.81 M$1.41 B
E/R0.65%0.08%
Characteristics
JRE
FREL
Management strategyActivePassive
ProviderJanus Henderson InvestorsFidelity
Benchmark-MSCI USA IMI Real Estate 25/25 Index
N° of holdings22116
Asset class-Equities
Trailing 12m distribution yield
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Inception dateJune 23, 2021February 2, 2015
ESGNoNo
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Exposure

Countries

JRE
USA
99.14%
Other
0.86%
FREL
USA
99.48%
Other
0.52%

Sectors

JRE
Real Estate
92.93%
Other
7.07%
FREL
Real Estate
95.22%
Other
4.78%
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Diversification

JRE

Total weight of top 15 holdings out of 15

83.18%
FREL

Total weight of top 15 holdings out of 15

56.79%

Top 15 holdings

Data as of January 31, 2026
JRE
PROLOGIS REIT
11.94%
WELLTOWER INC
11.58%
EQUINIX INC COMMON STOCK REIT
8.81%
DIGITAL REALTY REIT
7.92%
VENTAS REIT
6.02%
PUBLIC STORAGE REIT
4.73%
CUBESMART REIT
4.19%
MID AMERICA APARTMENT COMMUNITI REIT
4.15%
AVALONBAY COMMUNITIES REIT
4.01%
NETSTREIT CORP
3.96%
CBRE GROUP
3.67%
THE MACERICH COMPANY REIT
3.23%
SABRA HEALTH CARE REIT
3.16%
FEDERAL REIT
2.97%
AGREE REALTY REIT
2.85%
FREL
PROLOGIS REIT
8.09%
WELLTOWER INC
7.79%
AMERICAN TOWER CL A REIT
5.69%
EQUINIX INC COMMON STOCK REIT
4.56%
SIMON PROPERTY GROUP REIT
4.14%
DIGITAL REALTY REIT
3.74%
REALTY INCOME REIT
3.64%
CBRE GROUP
3.50%
PUBLIC STORAGE REIT
2.99%
CROWN CASTLE INTERNATIONAL
2.56%
VENTAS REIT
2.20%
VICI PROPERTIES INC
2.04%
EXTRA SPACE STORAGE REIT
2.03%
COSTAR GROUP
1.92%
IRON MOUNTAIN
1.90%
Frequently asked questions about JRE and FREL

How have the JRE and FREL ETFs performed in 2026?

As of March 10, 2026, JRE is up 9.07% year-to-date (YTD), while FREL has returned 5.65%. That puts JRE better performer ahead so far this year.

Which ETF is attracting more investor money: JRE or FREL?

Year-to-date, the JRE ETF saw - in flows, compared to +$264M for FREL.

Which ETF is more volatile: JRE or FREL?

Over the past year, JRE had a volatility of 16.56%, while FREL experienced 16.37%.

Which ETF is bigger: JRE or FREL?

As of March 10, 2026, JRE holds $3.81 M in assets under management (AUM), while FREL manages $1.41 B.

What sectors do the JRE and FREL ETFs invest in?

JRE leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.

What are the top holdings of the JRE ETF and FREL ETF?

JRE top holdings include PROLOGIS REIT, WELLTOWER INC and EQUINIX INC COMMON STOCK REIT. FREL holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.

Which ETF is more diversified: JRE or FREL?

JRE holds 22 securities with 83.18% of its assets in the top 15. FREL has 130 securities and a top 15 weight of 56.79%.

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