AVRE vs. BYRE

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis Real Estate ETF (AVRE) and Principal Real Estate Active Opportunities ETF (BYRE).

AVRE and BYRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVRE is an actively managed fund by Avantis. It was launched on Sep 29, 2021. BYRE is an actively managed fund by Principal. It was launched on May 18, 2022.

Performance

AVRE vs. BYRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Real Estate ETF (AVRE) and Principal Real Estate Active Opportunities ETF (BYRE). The values are adjusted to include any dividend payments, if applicable.

AVRE vs. BYRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVRE Avantis Real Estate ETF	1.21%	8.34%	0.54%	9.10%	-7.93%
BYRE Principal Real Estate Active Opportunities ETF	2.60%	2.35%	4.18%	10.82%	-9.01%

Returns By Period

In the year-to-date period, AVRE achieves a 1.21% return, which is significantly lower than BYRE's 2.60% return.

AVRE

• 1D: 1.87%
• 1M: -7.36%
• YTD: 1.21%
• 6M: 0.30%
• 1Y: 6.20%
• 3Y*: 5.83%
• 5Y*: —
• 10Y*: —

BYRE

• 1D: 1.44%
• 1M: -6.38%
• YTD: 2.60%
• 6M: 0.58%
• 1Y: 1.04%
• 3Y*: 5.62%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVRE vs. BYRE - Expense Ratio Comparison

AVRE has a 0.17% expense ratio, which is lower than BYRE's 0.65% expense ratio.

BYRE

Principal Real Estate Active Opportunities ETF

AVRE

Avantis Real Estate ETF

Return for Risk

AVRE vs. BYRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVRE

AVRE Risk / Return Rank: 27
AVRE Sharpe Ratio Rank: 26
AVRE Sortino Ratio Rank: 25
AVRE Omega Ratio Rank: 25
AVRE Calmar Ratio Rank: 28
AVRE Martin Ratio Rank: 30

BYRE

BYRE Risk / Return Rank: 14
BYRE Sharpe Ratio Rank: 13
BYRE Sortino Ratio Rank: 13
BYRE Omega Ratio Rank: 13
BYRE Calmar Ratio Rank: 15
BYRE Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVRE vs. BYRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Real Estate ETF (AVRE) and Principal Real Estate Active Opportunities ETF (BYRE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AVRE	BYRE	Difference
Sharpe ratio Return per unit of total volatility	0.43	0.07	+0.36
Sortino ratio Return per unit of downside risk	0.69	0.20	+0.49
Omega ratio Gain probability vs. loss probability	1.09	1.03	+0.07
Calmar ratio Return relative to maximum drawdown	0.63	0.15	+0.48
Martin ratio Return relative to average drawdown	2.44	0.48	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVRE vs. BYRE - Sharpe Ratio Comparison

The current AVRE Sharpe Ratio is 0.43, which is higher than the BYRE Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of AVRE and BYRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVRE	BYRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	0.07	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.14	-0.09

Correlation

The correlation between AVRE and BYRE is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVRE vs. BYRE - Dividend Comparison

AVRE's dividend yield for the trailing twelve months is around 3.72%, more than BYRE's 2.64% yield.

	TTM	2025	2024	2023	2022	2021
AVRE Avantis Real Estate ETF	3.72%	4.30%	3.99%	3.33%	3.78%	0.61%
BYRE Principal Real Estate Active Opportunities ETF	2.64%	2.71%	2.31%	2.63%	1.86%	0.00%

Drawdowns

AVRE vs. BYRE - Drawdown Comparison

The maximum AVRE drawdown since its inception was -32.52%, which is greater than BYRE's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for AVRE and BYRE.

Drawdown Indicators

	AVRE	BYRE	Difference
Max Drawdown Largest peak-to-trough decline	-32.52%	-25.70%	-6.82%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-10.82%	+0.19%
Current Drawdown Current decline from peak	-8.22%	-6.43%	-1.79%
Average Drawdown Average peak-to-trough decline	-15.26%	-9.96%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	3.28%	-0.55%

Volatility

AVRE vs. BYRE - Volatility Comparison

Avantis Real Estate ETF (AVRE) and Principal Real Estate Active Opportunities ETF (BYRE) have volatilities of 4.76% and 4.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVRE	BYRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	4.70%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	8.77%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	15.00%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	18.29%	-1.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	18.29%	-1.58%