BYRE vs. SRET

Last updated Jun 24, 2026

BYRE (Principal Real Estate Active Opportunities ETF) and SRET (Global X SuperDividend REIT ETF) are both REIT funds. BYRE is actively managed, while SRET is passively managed. Over the past 3 years, BYRE returned 11.04%/yr vs 11.33%/yr for SRET. A 0.77 correlation means they provide meaningful diversification when combined. BYRE charges 0.65%/yr vs 0.58%/yr for SRET.

Performance

BYRE vs. SRET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Principal Real Estate Active Opportunities ETF (BYRE) and Global X SuperDividend REIT ETF (SRET). 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 SRET's 5.98% return.

BYRE

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

SRET

• 1D: 0.56%
• 1M: -0.15%
• YTD: 5.98%
• 6M: 6.90%
• 1Y: 15.16%
• 3Y*: 11.33%
• 5Y*: 1.74%
• 10Y*: 1.13%

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

BYRE vs. SRET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	13.03%	2.35%	4.18%	10.82%	-9.22%
SRET Global X SuperDividend REIT ETF	5.98%	18.09%	-1.55%	9.85%	-9.60%

Correlation

The correlation between BYRE and SRET is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.77

The correlation between BYRE and SRET has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

Return for Risk

BYRE vs. SRET — 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

SRET

SRET Risk / Return Rank: 37
SRET Sharpe Ratio Rank: 39
SRET Sortino Ratio Rank: 37
SRET Omega Ratio Rank: 36
SRET Calmar Ratio Rank: 33
SRET Martin Ratio Rank: 42

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. SRET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and Global X SuperDividend REIT ETF (SRET). 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	SRET	Difference
Sharpe ratio: Return per unit of total volatility	0.72	1.32	-0.61
Sortino ratio: Return per unit of downside risk	1.04	1.83	-0.79
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	1.19	1.61	-0.42
Martin ratio: Return relative to average drawdown	2.98	6.61	-3.63

BYRE vs. SRET - Sharpe Ratio Comparison

The current BYRE Sharpe Ratio is 0.72, which is lower than the SRET Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of BYRE and SRET, 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. SRET - Drawdown Comparison

The maximum BYRE drawdown since its inception was -25.70%, smaller than the maximum SRET drawdown of -66.98%. Use the drawdown chart below to compare losses from any high point for BYRE and SRET.

Drawdown Indicators

	BYRE	SRET	Difference
Max Drawdown Largest peak-to-trough decline	-25.70%	-66.98%	+41.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-9.48%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-15.20%	-18.87%	+3.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.98%	—
Current Drawdown Current decline from peak	-0.72%	-22.59%	+21.87%
Average Drawdown Average peak-to-trough decline	-9.47%	-22.48%	+13.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.30%	+0.80%

Volatility

BYRE vs. SRET - Volatility Comparison

Principal Real Estate Active Opportunities ETF (BYRE) has a higher volatility of 4.53% compared to Global X SuperDividend REIT ETF (SRET) at 3.75%. This indicates that BYRE's price experiences larger fluctuations and is considered to be riskier than SRET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BYRE	SRET	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	3.75%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	9.14%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	11.53%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.08%	16.49%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	24.60%	-6.52%

BYRE vs. SRET - Expense Ratio Comparison

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

Dividends

BYRE vs. SRET - Dividend Comparison

BYRE's dividend yield for the trailing twelve months is around 2.43%, less than SRET's 7.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BYRE Principal Real Estate Active Opportunities ETF	2.43%	2.71%	2.31%	2.63%	1.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SRET Global X SuperDividend REIT ETF	7.95%	7.98%	8.72%	7.21%	8.30%	6.33%	8.88%	7.83%	8.54%	8.20%	8.08%	7.74%

Frequently Asked Questions

Can I hold both BYRE and SRET in my portfolio?

BYRE and SRET have a correlation of 0.72, 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 SRET?

BYRE has higher volatility (4.53%) compared to SRET (3.75%). In terms of maximum drawdown, BYRE dropped -25.70% vs SRET's -66.98%.

Which ETF is better, BYRE or SRET?

On 3-year performance, SRET leads with 11.33% vs 11.04% for BYRE. On fees, SRET is cheaper at 0.58% per year. On volatility, SRET has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BYRE or SRET?

Over the 3-year period, SRET has performed better with a 11.33% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BYRE or SRET?

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

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

SRET has the higher dividend yield at 7.95%, compared with 2.43% for BYRE.

What is the main difference between BYRE and SRET?

They also come from different issuers: Principal and Global X. Their fees differ too: 0.65% for BYRE and 0.58% for SRET.

Which has better risk-adjusted returns?

SRET currently has the higher Sharpe Ratio (1.32 vs 0.72), 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.