BYRE vs. XLRI
BYRE (Principal Real Estate Active Opportunities ETF) and XLRI (State Street Real Estate Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BYRE is a REIT fund actively managed by Principal, while XLRI is a Derivative Income fund actively managed by State Street. Both are actively managed. Over the past year, BYRE returned 14.35% vs 10.59% for XLRI. Their correlation of 0.89 means they have usually moved in the same direction. BYRE charges 0.65%/yr vs 0.35%/yr for XLRI.
Performance
BYRE vs. XLRI - Performance Comparison
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Returns By Period
In the year-to-date period, BYRE achieves a 15.21% return, which is significantly higher than XLRI's 8.45% return.
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%
XLRI
- 1D
- 0.16%
- 1M
- 1.35%
- 6M
- 6.08%
- YTD
- 8.45%
- 1Y
- 10.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.97K | $88.05K | $86.21K | |
| $84.19K | $69.65K | $65.16K |
BYRE vs. XLRI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BYRE Principal Real Estate Active Opportunities ETF | 15.21% | -3.42% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 8.45% | -0.57% |
Correlation
The correlation between BYRE and XLRI is 0.88, 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. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.89 |
The correlation between BYRE and XLRI has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
BYRE vs. XLRI — Risk / Return Rank
BYRE
XLRI
BYRE vs. XLRI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Real Estate Active Opportunities ETF (BYRE) and State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI). 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 | XLRI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.48 | +0.40 |
| Martin ratioReturn relative to average drawdown | 5.96 | 5.18 | +0.79 |
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Drawdowns
BYRE vs. XLRI - Drawdown Comparison
The maximum BYRE drawdown since its inception was -25.70%, which is greater than XLRI's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for BYRE and XLRI.
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Drawdown Indicators
| BYRE | XLRI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.70% | -7.12% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -7.12% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -0.62% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -1.54% | -7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.03% | +0.41% |
Volatility
BYRE vs. XLRI - Volatility Comparison
Principal Real Estate Active Opportunities ETF (BYRE) has a higher volatility of 4.04% compared to State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) at 3.42%. This indicates that BYRE's price experiences larger fluctuations and is considered to be riskier than XLRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYRE | XLRI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 3.42% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 8.72% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.77% | 11.09% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 11.11% | +6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 11.11% | +6.88% |
BYRE vs. XLRI - Expense Ratio Comparison
BYRE has a 0.65% expense ratio, which is higher than XLRI's 0.35% expense ratio.
Dividends
BYRE vs. XLRI - Dividend Comparison
BYRE's dividend yield for the trailing twelve months is around 2.67%, less than XLRI's 13.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BYRE Principal Real Estate Active Opportunities ETF | 2.67% | 2.71% | 2.31% | 2.63% | 1.86% |
XLRI State Street Real Estate Select Sector SPDR Premium Income ETF | 13.52% | 6.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BYRE and XLRI have a correlation of 0.88, 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 XLRI (3.42%). In terms of maximum drawdown, BYRE dropped -25.70% vs XLRI's -7.12%.
On 1-year performance, BYRE leads with 14.35% vs 10.59% for XLRI. On fees, XLRI is cheaper at 0.35% per year. On volatility, XLRI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BYRE has performed better with a 14.35% return vs 10.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLRI is cheaper with a 0.35% expense ratio, compared with 0.65% for BYRE.
XLRI has the higher dividend yield at 13.52%, compared with 2.67% for BYRE.
BYRE is categorized as REIT, while XLRI is Derivative Income. They also come from different issuers: Principal and State Street. Their fees differ too: 0.65% for BYRE and 0.35% for XLRI.
BYRE currently has the higher Sharpe Ratio (1.15 vs 0.96), 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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