BYRE vs. REET
BYRE (Principal Real Estate Active Opportunities ETF) and REET (iShares Global REIT ETF) are both REIT funds. BYRE is actively managed, while REET is passively managed. Over the past 3 years, BYRE returned 9.43%/yr vs 10.22%/yr for REET. Their correlation of 0.93 means they have usually moved in the same direction. BYRE charges 0.65%/yr vs 0.14%/yr for REET.
Performance
BYRE vs. REET - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BYRE having a 15.21% return and REET slightly lower at 15.12%.
BYRE
- 1D
- -0.57%
- 1M
- 1.50%
- 6M
- 12.75%
- YTD
- 15.21%
- 1Y
- 14.35%
- 3Y*
- 9.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.17%
REET
- 1D
- -0.60%
- 1M
- 1.43%
- 6M
- 11.89%
- YTD
- 15.12%
- 1Y
- 20.32%
- 3Y*
- 10.22%
- 5Y*
- 2.88%
- 10Y*
- 3.96%
- ALL TIME*
- 4.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.97K | $88.05K | $86.21K | |
| $83.60M | $81.13M | $68.88M |
BYRE vs. REET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BYRE Principal Real Estate Active Opportunities ETF | 15.21% | 2.35% | 4.18% | 10.82% | -9.22% |
REET iShares Global REIT ETF | 15.12% | 7.97% | 2.65% | 10.28% | -9.32% |
Correlation
The correlation between BYRE and REET is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | 0.93 |
The correlation between BYRE and REET has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
BYRE vs. REET — Risk / Return Rank
BYRE
REET
BYRE vs. REET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and iShares Global REIT ETF (REET). 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 | REET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.25 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.96 | 8.27 | -2.31 |
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Drawdowns
BYRE vs. REET - Drawdown Comparison
The maximum BYRE drawdown since its inception was -25.70%, smaller than the maximum REET drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for BYRE and REET.
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Drawdown Indicators
| BYRE | REET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -44.59% | +18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -9.04% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -18.02% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.59% | — |
Current DrawdownCurrent decline from peak | -2.57% | -1.77% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -9.66% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.46% | -0.02% |
Volatility
BYRE vs. REET - Volatility Comparison
Principal Real Estate Active Opportunities ETF (BYRE) has a higher volatility of 4.04% compared to iShares Global REIT ETF (REET) at 3.70%. This indicates that BYRE's price experiences larger fluctuations and is considered to be riskier than REET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRE | REET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.70% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 9.89% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 12.45% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 16.96% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 18.84% | -0.85% |
BYRE vs. REET - Expense Ratio Comparison
BYRE has a 0.65% expense ratio, which is higher than REET's 0.14% expense ratio.
Dividends
BYRE vs. REET - Dividend Comparison
BYRE's dividend yield for the trailing twelve months is around 2.67%, less than REET's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRE Principal Real Estate Active Opportunities ETF | 2.67% | 2.71% | 2.31% | 2.63% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REET iShares Global REIT ETF | 3.27% | 3.67% | 3.64% | 3.27% | 2.43% | 3.18% | 2.65% | 5.25% | 5.73% | 3.84% | 5.37% | 3.56% |
Frequently Asked Questions
BYRE and REET have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BYRE has higher volatility (4.04%) compared to REET (3.70%). In terms of maximum drawdown, BYRE dropped -25.70% vs REET's -44.59%.
On 3-year performance, REET leads with 10.22% vs 9.43% for BYRE. On fees, REET is cheaper at 0.14% per year. On volatility, REET has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, REET has performed better with a 10.22% return vs 9.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REET is cheaper with a 0.14% expense ratio, compared with 0.65% for BYRE.
REET has the higher dividend yield at 3.27%, compared with 2.67% for BYRE.
They also come from different issuers: Principal and iShares. Their fees differ too: 0.65% for BYRE and 0.14% for REET.
REET currently has the higher Sharpe Ratio (1.65 vs 1.15), 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.
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