BYRE vs. BLDG

Last updated Jun 5, 2026

BYRE (Principal Real Estate Active Opportunities ETF) and BLDG (Cambria Global Real Estate ETF) are both REIT funds. Both are actively managed. Over the past 3 years, BYRE returned 9.72%/yr vs 9.14%/yr for BLDG. A 0.80 correlation means they provide meaningful diversification when combined. BYRE charges 0.65%/yr vs 0.59%/yr for BLDG.

Performance

BYRE vs. BLDG - Performance Comparison

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

Returns By Period

In the year-to-date period, BYRE achieves a 11.65% return, which is significantly higher than BLDG's 6.82% return.

BYRE

• 1D: 1.61%
• 1M: 0.25%
• YTD: 11.65%
• 6M: 11.37%
• 1Y: 10.19%
• 3Y*: 9.72%
• 5Y*: —
• 10Y*: —

BLDG

• 1D: 0.82%
• 1M: 0.01%
• YTD: 6.82%
• 6M: 6.29%
• 1Y: 11.06%
• 3Y*: 9.14%
• 5Y*: 2.40%
• 10Y*: —

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

BYRE vs. BLDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	11.65%	2.35%	4.18%	10.82%	-9.01%
BLDG Cambria Global Real Estate ETF	6.82%	4.26%	8.18%	1.76%	-3.35%

Correlation

The correlation between BYRE and BLDG is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 20, 2022	0.80

The correlation between BYRE and BLDG has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

BYRE vs. BLDG - Sectors Allocation Comparison

Sectors	BYRE	BLDG
Real Estate	95.9%	98.6%
Financial Services	2.3%	1.4%
Industrials	0.3%	-
Healthcare	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BYRE vs. BLDG — Risk / Return Rank

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

BYRE

BYRE Risk / Return Rank: 24
BYRE Sharpe Ratio Rank: 24
BYRE Sortino Ratio Rank: 23
BYRE Omega Ratio Rank: 23
BYRE Calmar Ratio Rank: 28
BYRE Martin Ratio Rank: 25

BLDG

BLDG Risk / Return Rank: 27
BLDG Sharpe Ratio Rank: 28
BLDG Sortino Ratio Rank: 27
BLDG Omega Ratio Rank: 26
BLDG Calmar Ratio Rank: 24
BLDG Martin Ratio Rank: 28

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. BLDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and Cambria Global Real Estate ETF (BLDG). 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.

	BYRE	BLDG	Difference
Sharpe ratio: Return per unit of total volatility	0.82	1.00	-0.18
Sortino ratio: Return per unit of downside risk	1.17	1.45	-0.27
Omega ratio: Gain probability vs. loss probability	1.15	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	1.32	1.10	+0.22
Martin ratio: Return relative to average drawdown	3.32	3.88	-0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BYRE vs. BLDG - Sharpe Ratio Comparison

The current BYRE Sharpe Ratio is 0.82, which is comparable to the BLDG Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of BYRE and BLDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BYRE	BLDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.00	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.46	-0.20

Drawdowns

BYRE vs. BLDG - Drawdown Comparison

The maximum BYRE drawdown since its inception was -25.70%, smaller than the maximum BLDG drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for BYRE and BLDG.

Drawdown Indicators

	BYRE	BLDG	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-27.25%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-10.08%	+2.32%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-18.57%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.25%	—
Current Drawdown Current decline from peak	-1.88%	-1.96%	+0.08%
Average Drawdown Average peak-to-trough decline	-9.58%	-9.22%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.86%	+0.22%

Volatility

BYRE vs. BLDG - Volatility Comparison

Principal Real Estate Active Opportunities ETF (BYRE) has a higher volatility of 3.83% compared to Cambria Global Real Estate ETF (BLDG) at 3.58%. This indicates that BYRE's price experiences larger fluctuations and is considered to be riskier than BLDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BYRE	BLDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	3.58%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	8.26%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	11.09%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	15.27%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	15.54%	+2.57%

BYRE vs. BLDG - Expense Ratio Comparison

BYRE has a 0.65% expense ratio, which is higher than BLDG's 0.59% expense ratio.

Dividends

BYRE vs. BLDG - Dividend Comparison

BYRE's dividend yield for the trailing twelve months is around 2.46%, less than BLDG's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BLDG Cambria Global Real Estate ETF	5.68%	7.46%	7.97%	4.99%	3.99%	10.40%	0.59%
BYRE Principal Real Estate Active Opportunities ETF	2.46%	2.71%	2.31%	2.63%	1.86%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BYRE and BLDG in my portfolio?

BYRE and BLDG have a correlation of 0.73, 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 BLDG?

BYRE has higher volatility (3.83%) compared to BLDG (3.58%). In terms of maximum drawdown, BYRE dropped -25.70% vs BLDG's -27.25%.

Which ETF is better, BYRE or BLDG?

On 3-year performance, BYRE leads with 9.72% vs 9.14% for BLDG. On fees, BLDG is cheaper at 0.59% per year. On volatility, BLDG has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BYRE or BLDG?

Over the 3-year period, BYRE has performed better with a 9.72% return vs 9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BYRE or BLDG?

BLDG is cheaper with a 0.59% expense ratio, compared with 0.65% for BYRE.

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

BLDG has the higher dividend yield at 5.68%, compared with 2.46% for BYRE.

What is the main difference between BYRE and BLDG?

They also come from different issuers: Principal and Cambria. Their fees differ too: 0.65% for BYRE and 0.59% for BLDG.

Which has better risk-adjusted returns?

BLDG currently has the higher Sharpe Ratio (1.00 vs 0.82), 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.