- ISIN
- US74255Y7224
- Issuer
- Principal
- Inception Date
- May 18, 2022
- Region
- North America (U.S.)
- Category
- REIT
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $25M
Share Price Chart
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Performance
BYRE Performance Chart
Principal Real Estate Active Opportunities ETF (BYRE) is up 11.7% since the beginning of the year. BYRE is currently trading at $27 per share.
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Returns By Period
Principal Real Estate Active Opportunities ETF (BYRE) has returned 11.67% so far this year and 9.46% over the past 12 months.
Principal Real Estate Active Opportunities ETF
- 1D
- 0.81%
- 1M
- -1.35%
- YTD
- 11.67%
- 6M
- 12.32%
- 1Y
- 9.46%
- 3Y*
- 10.59%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BYRE Monthly Returns History
Based on dividend-adjusted daily data since May 19, 2022, BYRE's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 56% of months were positive and 44% 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% | 9.17% | 0.20% | -0.49% | 11.67% | ||||||
| 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 | 4.82% | -7.11% | 9.00% | -4.76% | -12.25% | 1.49% | 5.96% | -4.83% | -9.22% |
Benchmark Metrics
Principal Real Estate Active Opportunities ETF has an annualized alpha of -5.21%, beta of 0.66, and R2 of 0.37 versus S&P 500 Index. Calculated based on daily prices since May 19, 2022.
- This ETF participated in 100.19% of S&P 500 Index downside but only 58.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.66 may look defensive, but with R2 of 0.37 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 0.37 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
- -5.21%
- Beta
- 0.66
- R²
- 0.37
- Upside Capture
- 58.39%
- Downside Capture
- 100.19%
Expense Ratio
BYRE has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BYRE ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BYRE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.78 | -1.56 |
| Martin ratioReturn relative to average drawdown | 3.06 | 12.44 | -9.38 |
Dividends
Dividend History
Principal Real Estate Active Opportunities ETF provided a 2.46% dividend yield over the last twelve months, with an annual payout of $0.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.67 | $0.66 | $0.57 | $0.63 | $0.42 |
Dividend yield | 2.46% | 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 | $0.16 | $0.00 | $0.00 | $0.16 | ||||||
| 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 1.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -25.70%Oct 2023 | 1y 2mo | 10mo 3d | 2y 8dAug 2022 - Aug 2024 |
2025 selloff2025 | -15.13%Apr 2025 | 6mo 23d | 10mo 10d | 1y 4moSep 2024 - Feb 2026 |
Bear market2022 | -12.77%Jun 2022 | 16d | 1mo 24d | 2mo 10dMay 2022 - Aug 2022 |
2026 pullback2026 | -7.76%Mar 2026 | 27d | 17d | 1mo 14dMar 2026 - Apr 2026 |
2026 pullback2026 | -3.43%Jun 2026 | 7d | 9d | 16dMay 2026 - Jun 2026 |
Drawdown Indicators
| BYRE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -56.78% | +31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -9.10% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.20% | -18.90% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.91% | -1.80% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -10.71% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.03% | +1.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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