JRI vs PAYR
Nuveen Real Asset Income and Growth Fund vs Federated Hermes Enhanced Income ETF
Which is better, JRI or PAYR?
PAYR has been ahead.
PAYR has a lower expense ratio. PAYR led over 1Y and the full window.
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 | JRI | PAYR |
|---|---|---|
| Expense Ratio | 3.97% | 0.40%Best |
| AUM | $442M | $82M |
| Dividend Yield | 13.27% | 8.32% |
| Holdings | 413 | 55 |
| YTD Return | -16.19% | +6.04%Best |
| 1Y Return | -16.30% | +9.06%Best |
| 3Y Return (annualized) | +12.67% | - |
| 5Y Return (annualized) | +2.11% | - |
| Volatility (annualized) | 15.9% | 12.7%Best |
| Max Drawdown | -21.8% | -8.8%Best |
| $10,000 over 1 years | $8,347 | $10,927Best |
| Fund Family | Nuveen | Federated Hermes Funds |
| Category | Allocation/Balanced | Allocation/Balanced |
| Style | Allocation/Balanced | Allocation/Balanced |
| Inception | Apr 25, 2012 | Oct 7, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 8, 2025 to Oct 14, 2026 (1 years).
JRI vs PAYR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
JRI vs PAYR Performance
Nuveen Real Asset Income and Growth Fund (JRI) is an ETF from Nuveen and Federated Hermes Enhanced Income ETF (PAYR) is an ETF from Federated Hermes Funds. Over the past year JRI returned -16.30% while PAYR returned +9.06%. Year to date, JRI is down 16.19% versus a gain of 6.04% for PAYR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JRI has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 12.7% for PAYR. 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 -21.8% for JRI and -8.8% for PAYR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JRI charges 3.97% per year while PAYR charges 0.40%. On a $10,000 position that is $397 vs $40 annually, a gap of $357 per year that compounds over a long holding period. On income, JRI currently yields 13.27% against 8.32% for PAYR.
Holdings Overlap
We hold position weights for 330 holdings in JRI and 46 in PAYR, totalling 83.4% and 91.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 8 positions appear in both.
The two holdings books were reported 63 days apart, JRI as of Jul 31, 2026 and PAYR as of Oct 2, 2026, so some of the difference between them is the time between the two reports rather than the funds.
8 positions in common, counted across the 330 positions we hold weights for in JRI and 46 in PAYR, against full books of 413 and 55.
Top Shared Holdings
| Stock | Weight in JRI | Weight in PAYR | Difference |
|---|---|---|---|
| ENB:CAEnbridge Inc. | 1.73% | 2.85% | 1.12% |
| NGGNational Grid Plc (adr) | 0.88% | 2.21% | 1.33% |
| AMTAmerican Tower Corporation | 1.04% | 2.00% | 0.96% |
| EVRGEvergy Inc. | 0.81% | 2.12% | 1.31% |
| KIMKimco Realty Corp. | 0.12% | 2.63% | 2.51% |
| TRP:CATc Energy Corp | 0.48% | 2.04% | 1.56% |
| DUKDuke Energy Corp | 0.22% | 1.83% | 1.61% |
| OKEOneok | 0.90% | 0.86% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of JRI and PAYR 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, JRI or PAYR?
JRI has an expense ratio of 3.97% while PAYR charges 0.40%. PAYR is the cheaper option, by $357 a year on a $10,000 investment.
Which performed better, JRI or PAYR?
Over the past year JRI returned -16.30% vs +9.06% for PAYR, so PAYR leads on 1-year performance. Over the longest common window we track (1 years), JRI annualized -16.53% vs +9.27% for PAYR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JRI or PAYR?
JRI has been the more volatile fund at 15.9% annualized versus 12.7% for PAYR. Worst drawdown: JRI -21.8% vs PAYR -8.8%.
Should I hold both JRI and PAYR?
JRI and PAYR have a monthly-return correlation of 0.59, 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, JRI or PAYR?
JRI yields 13.27% while PAYR yields 8.32%, so JRI currently pays the higher dividend yield.
Is PAYR better than JRI?
PAYR has a lower expense ratio. PAYR led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.