BYRE vs. USRT
BYRE (Principal Real Estate Active Opportunities ETF) and USRT (iShares Core U.S. REIT ETF) are both REIT funds. BYRE is actively managed, while USRT is passively managed. Over the past 3 years, BYRE returned 11.04%/yr vs 14.08%/yr for USRT. Their correlation of 0.95 suggests significant overlap in exposure. BYRE charges 0.65%/yr vs 0.08%/yr for USRT.
Performance
BYRE vs. USRT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BYRE achieves a 13.03% return, which is significantly lower than USRT's 17.49% return.
BYRE
- 1D
- 1.22%
- 1M
- -0.15%
- YTD
- 13.03%
- 6M
- 13.95%
- 1Y
- 9.19%
- 3Y*
- 11.04%
- 5Y*
- —
- 10Y*
- —
USRT
- 1D
- 1.30%
- 1M
- 1.84%
- YTD
- 17.49%
- 6M
- 17.97%
- 1Y
- 18.57%
- 3Y*
- 14.08%
- 5Y*
- 5.53%
- 10Y*
- 6.53%
BYRE vs. USRT - 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% |
USRT iShares Core U.S. REIT ETF | 17.49% | 2.44% | 8.58% | 13.64% | -8.86% |
Correlation
The correlation between BYRE and USRT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | 0.95 |
The correlation between BYRE and USRT has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BYRE vs. USRT — Risk / Return Rank
BYRE
USRT
BYRE vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and iShares Core U.S. REIT ETF (USRT). 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 | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.32 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.98 | 7.44 | -4.47 |
Loading charts...
Drawdowns
BYRE vs. USRT - Drawdown Comparison
The maximum BYRE drawdown since its inception was -25.70%, smaller than the maximum USRT drawdown of -69.92%. Use the drawdown chart below to compare losses from any high point for BYRE and USRT.
Loading charts...
Drawdown Indicators
| BYRE | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -69.92% | +44.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -8.04% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.20% | -18.70% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.38% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.25% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -12.94% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.50% | +0.60% |
Volatility
BYRE vs. USRT - Volatility Comparison
The current volatility for Principal Real Estate Active Opportunities ETF (BYRE) is 4.53%, while iShares Core U.S. REIT ETF (USRT) has a volatility of 5.19%. This indicates that BYRE experiences smaller price fluctuations and is considered to be less risky than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BYRE | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 5.19% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 10.06% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 13.89% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.08% | 18.93% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 21.33% | -3.25% |
BYRE vs. USRT - Expense Ratio Comparison
BYRE has a 0.65% expense ratio, which is higher than USRT's 0.08% expense ratio.
Dividends
BYRE vs. USRT - Dividend Comparison
BYRE's dividend yield for the trailing twelve months is around 2.43%, less than USRT's 2.57% 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% |
USRT iShares Core U.S. REIT ETF | 2.57% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
With a correlation of 0.91, BYRE and USRT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
USRT has higher volatility (5.19%) compared to BYRE (4.53%). In terms of maximum drawdown, BYRE dropped -25.70% vs USRT's -69.92%.
On 3-year performance, USRT leads with 14.08% vs 11.04% for BYRE. On fees, USRT is cheaper at 0.08% 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.
Over the 3-year period, USRT has performed better with a 14.08% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.65% for BYRE.
USRT has the higher dividend yield at 2.57%, compared with 2.43% for BYRE.
They also come from different issuers: Principal and iShares. Their fees differ too: 0.65% for BYRE and 0.08% for USRT.
USRT currently has the higher Sharpe Ratio (1.35 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.
Find the right allocation for BYRE and USRT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer