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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Real Estate Active Opportunities ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Principal Real Estate Active Opportunities ETF (BYRE) has returned 2.60% so far this year and 1.04% over the past 12 months.
Principal Real Estate Active Opportunities ETF
- 1D
- 1.44%
- 1M
- -6.38%
- YTD
- 2.60%
- 6M
- 0.58%
- 1Y
- 1.04%
- 3Y*
- 5.62%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 19, 2022, BYRE's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +12.4%, while the worst month was Sep 2022 at -12.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BYRE closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +7.3%, while the worst single day was Jun 13, 2022 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.18% | 7.25% | -6.38% | 2.60% | |||||||||
| 2025 | -0.10% | 4.58% | -0.53% | 0.16% | 0.07% | 0.02% | -1.17% | 2.12% | -0.70% | -1.11% | 1.25% | -2.08% | 2.35% |
| 2024 | -5.21% | 1.50% | 1.71% | -7.79% | 6.59% | 1.39% | 7.09% | 5.34% | 2.70% | -3.17% | 2.60% | -7.19% | 4.18% |
| 2023 | 10.92% | -5.36% | -1.98% | 0.58% | -4.87% | 3.81% | 1.76% | -3.69% | -4.81% | -2.86% | 12.41% | 6.45% | 10.82% |
| 2022 | 5.07% | -7.11% | 9.00% | -4.76% | -12.25% | 1.49% | 5.96% | -4.83% | -9.01% |
Benchmark Metrics
Principal Real Estate Active Opportunities ETF has an annualized alpha of -5.66%, beta of 0.68, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since May 20, 2022.
- This ETF participated in 101.36% of S&P 500 Index downside but only 59.11% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.68 may look defensive, but with R² of 0.39 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.39 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -5.66%
- Beta
- 0.68
- R²
- 0.39
- Upside Capture
- 59.11%
- Downside Capture
- 101.36%
Expense Ratio
BYRE has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BYRE ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and compare them to a chosen benchmark (S&P 500 Index).
| BYRE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.07 | 0.90 | -0.83 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.39 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.40 | -1.25 |
Martin ratioReturn relative to average drawdown | 0.48 | 6.61 | -6.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BYRE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Principal Real Estate Active Opportunities ETF provided a 2.64% dividend yield over the last twelve months, with an annual payout of $0.66 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.66 | $0.66 | $0.57 | $0.63 | $0.42 |
Dividend yield | 2.64% | 2.71% | 2.31% | 2.63% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Real Estate Active Opportunities ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.13 | $0.00 | $0.20 | $0.66 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.00 | $0.18 | $0.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.18 | $0.63 |
| 2022 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.22 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Real Estate Active Opportunities ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Real Estate Active Opportunities ETF was 25.70%, occurring on Oct 25, 2023. Recovery took 208 trading sessions.
The current Principal Real Estate Active Opportunities ETF drawdown is 6.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.7% | Aug 16, 2022 | 301 | Oct 25, 2023 | 208 | Aug 23, 2024 | 509 |
| -15.13% | Sep 17, 2024 | 140 | Apr 8, 2025 | 213 | Feb 12, 2026 | 353 |
| -12.77% | May 31, 2022 | 13 | Jun 16, 2022 | 36 | Aug 9, 2022 | 49 |
| -7.76% | Mar 3, 2026 | 20 | Mar 30, 2026 | — | — | — |
| -1.68% | Feb 18, 2026 | 2 | Feb 19, 2026 | 7 | Mar 2, 2026 | 9 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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