BYRE vs. IG

Last updated Jun 4, 2026

BYRE (Principal Real Estate Active Opportunities ETF) and IG (Principal Investment Grade Corporate Active ETF) are both exchange-traded funds - BYRE is a REIT fund actively managed by Principal, while IG is a Corporate Bonds fund actively managed by Principal. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. BYRE charges 0.65%/yr vs 0.26%/yr for IG.

Performance

BYRE vs. IG - Performance Comparison

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

Returns By Period

BYRE

• 1D: -0.46%
• 1M: -1.03%
• YTD: 9.88%
• 6M: 9.41%
• 1Y: 8.56%
• 3Y*: 8.77%
• 5Y*: —
• 10Y*: —

IG

• 1D: -0.23%
• 1M: 0.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BYRE vs. IG - Yearly Performance Comparison

	2026 (YTD)
BYRE Principal Real Estate Active Opportunities ETF	1.34%
IG Principal Investment Grade Corporate Active ETF	-0.22%

Correlation

The correlation between BYRE and IG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.40

BYRE vs. IG - Sectors Allocation Comparison

Sectors	BYRE	IG
Real Estate	95.9%	-
Financial Services	2.3%	2.9%
Industrials	0.3%	-
Healthcare	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BYRE vs. IG — Risk / Return Rank

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

BYRE

BYRE Risk / Return Rank: 21
BYRE Sharpe Ratio Rank: 21
BYRE Sortino Ratio Rank: 20
BYRE Omega Ratio Rank: 20
BYRE Calmar Ratio Rank: 24
BYRE Martin Ratio Rank: 23

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. IG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and Principal Investment Grade Corporate Active ETF (IG). 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	IG	Difference
Sharpe ratio: Return per unit of total volatility	0.69	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	1.11	—	—
Martin ratio: Return relative to average drawdown	2.79	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BYRE	IG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	-0.40	+0.63

Drawdowns

BYRE vs. IG - Drawdown Comparison

The maximum BYRE drawdown since its inception was -25.70%, which is greater than IG's maximum drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for BYRE and IG.

Drawdown Indicators

	BYRE	IG	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-1.75%	-23.95%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	—	—
Current Drawdown Current decline from peak	-3.43%	-0.32%	-3.11%
Average Drawdown Average peak-to-trough decline	-9.59%	-0.53%	-9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	BYRE	IG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	4.90%	+7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	4.90%	+13.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	4.90%	+13.20%

BYRE vs. IG - Expense Ratio Comparison

BYRE has a 0.65% expense ratio, which is higher than IG's 0.26% expense ratio.

Dividends

BYRE vs. IG - Dividend Comparison

BYRE's dividend yield for the trailing twelve months is around 2.50%, more than IG's 0.84% yield.

Position	TTM	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	2.50%	2.71%	2.31%	2.63%	1.86%
IG Principal Investment Grade Corporate Active ETF	0.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BYRE and IG in my portfolio?

BYRE and IG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BYRE or IG?

On fees, IG is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BYRE or IG?

IG is cheaper with a 0.26% expense ratio, compared with 0.65% for BYRE.

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

BYRE has the higher dividend yield at 2.50%, compared with 0.84% for IG.

What is the main difference between BYRE and IG?

BYRE is categorized as REIT, while IG is Corporate Bonds. Their fees differ too: 0.65% for BYRE and 0.26% for IG.