BYRE vs. BCHP

Last updated Jun 24, 2026

BYRE (Principal Real Estate Active Opportunities ETF) and BCHP (Principal Focused Blue Chip ETF) are both exchange-traded funds - BYRE is a REIT fund actively managed by Principal, while BCHP is a Large Cap Growth Equities fund actively managed by Principal. Both are actively managed. Over the past year, BYRE returned 9.19% vs 0.80% for BCHP. At a 0.32 correlation, their price movements are largely independent. BYRE charges 0.65%/yr vs 0.58%/yr for BCHP.

Performance

BYRE vs. BCHP - Performance Comparison

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

Returns By Period

In the year-to-date period, BYRE achieves a 13.03% return, which is significantly higher than BCHP's -4.91% return.

BYRE

• 1D: 1.22%
• 1M: -0.15%
• YTD: 13.03%
• 6M: 13.95%
• 1Y: 9.19%
• 3Y*: 11.04%
• 5Y*: —
• 10Y*: —

BCHP

• 1D: -0.86%
• 1M: -4.68%
• YTD: -4.91%
• 6M: -5.61%
• 1Y: 0.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BYRE vs. BCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BYRE Principal Real Estate Active Opportunities ETF	13.03%	2.35%	4.18%	5.85%
BCHP Principal Focused Blue Chip ETF	-4.91%	10.20%	20.55%	13.14%

Correlation

The correlation between BYRE and BCHP is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.32

The correlation between BYRE and BCHP shifts across timeframes, from 0.16 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BYRE vs. BCHP — Risk / Return Rank

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

BYRE

BYRE Risk / Return Rank: 22
BYRE Sharpe Ratio Rank: 22
BYRE Sortino Ratio Rank: 20
BYRE Omega Ratio Rank: 19
BYRE Calmar Ratio Rank: 26
BYRE Martin Ratio Rank: 24

BCHP

BCHP Risk / Return Rank: 9
BCHP Sharpe Ratio Rank: 9
BCHP Sortino Ratio Rank: 9
BCHP Omega Ratio Rank: 9
BCHP Calmar Ratio Rank: 9
BCHP Martin Ratio Rank: 10

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.

BYRE vs. BCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and Principal Focused Blue Chip ETF (BCHP). 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.

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	BCHP	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.05	+0.67
Sortino ratio: Return per unit of downside risk	1.04	0.18	+0.86
Omega ratio: Gain probability vs. loss probability	1.13	1.02	+0.11
Calmar ratio: Return relative to maximum drawdown	1.19	0.04	+1.15
Martin ratio: Return relative to average drawdown	2.98	0.14	+2.84

BYRE vs. BCHP - Sharpe Ratio Comparison

The current BYRE Sharpe Ratio is 0.72, which is higher than the BCHP Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of BYRE and BCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BYRE vs. BCHP - Drawdown Comparison

The maximum BYRE drawdown since its inception was -25.70%, which is greater than BCHP's maximum drawdown of -18.56%. Use the drawdown chart below to compare losses from any high point for BYRE and BCHP.

Drawdown Indicators

	BYRE	BCHP	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-18.56%	-7.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-18.12%	+10.36%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	—	—
Current Drawdown Current decline from peak	-0.72%	-7.62%	+6.90%
Average Drawdown Average peak-to-trough decline	-9.47%	-3.01%	-6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	5.76%	-2.66%

Volatility

BYRE vs. BCHP - Volatility Comparison

The current volatility for Principal Real Estate Active Opportunities ETF (BYRE) is 4.53%, while Principal Focused Blue Chip ETF (BCHP) has a volatility of 6.11%. This indicates that BYRE experiences smaller price fluctuations and is considered to be less risky than BCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BYRE	BCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	6.11%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	13.76%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	16.58%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	17.00%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	17.00%	+1.08%

BYRE vs. BCHP - Expense Ratio Comparison

BYRE has a 0.65% expense ratio, which is higher than BCHP's 0.58% expense ratio.

Dividends

BYRE vs. BCHP - Dividend Comparison

BYRE's dividend yield for the trailing twelve months is around 2.43%, while BCHP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BCHP Principal Focused Blue Chip ETF	0.00%	0.00%	1.02%	0.19%	0.00%
BYRE Principal Real Estate Active Opportunities ETF	2.43%	2.71%	2.31%	2.63%	1.86%

Frequently Asked Questions

Can I hold both BYRE and BCHP in my portfolio?

BYRE and BCHP have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BYRE or BCHP?

BCHP has higher volatility (6.11%) compared to BYRE (4.53%). In terms of maximum drawdown, BYRE dropped -25.70% vs BCHP's -18.56%.

Which ETF is better, BYRE or BCHP?

On 1-year performance, BYRE leads with 9.19% vs 0.80% for BCHP. On fees, BCHP is cheaper at 0.58% per year. On volatility, BYRE has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BYRE or BCHP?

Over the 1-year period, BYRE has performed better with a 9.19% return vs 0.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BYRE or BCHP?

BCHP is cheaper with a 0.58% expense ratio, compared with 0.65% for BYRE.

Which ETF pays a higher dividend yield, BYRE or BCHP?

BYRE has the higher dividend yield at 2.43%, compared with 0.00% for BCHP.

What is the main difference between BYRE and BCHP?

BYRE is categorized as REIT, while BCHP is Large Cap Growth Equities. Their fees differ too: 0.65% for BYRE and 0.58% for BCHP.

Which has better risk-adjusted returns?

BYRE currently has the higher Sharpe Ratio (0.72 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.