JPRE vs. BYRE

Last updated Aug 5, 2026

JPRE (JPMorgan Realty Income ETF) and BYRE (Principal Real Estate Active Opportunities ETF) are both REIT funds. Both are actively managed. Over the past 3 years, JPRE returned 10.95%/yr vs 10.58%/yr for BYRE. Their 0.97 correlation means they have historically moved very closely together. JPRE charges 0.50%/yr vs 0.65%/yr for BYRE.

Performance

JPRE vs. BYRE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with JPRE having a 15.30% return and BYRE slightly lower at 15.00%.

JPRE

• 1D: -0.37%
• 1M: 0.47%
• 6M: 13.44%
• YTD: 15.30%
• 1Y: 15.53%
• 3Y*: 10.95%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.19%

BYRE

• 1D: -0.12%
• 1M: 1.32%
• 6M: 13.62%
• YTD: 15.00%
• 1Y: 13.30%
• 3Y*: 10.58%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BYRE Principal Real Estate Active Opportunities ETF	$103.53K	$89.72K	$86.19K
JPRE JPMorgan Realty Income ETF	$1.00M	$1.13M	$1.22M

JPRE vs. BYRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPRE JPMorgan Realty Income ETF	15.30%	1.36%	7.43%	13.41%	-9.60%
BYRE Principal Real Estate Active Opportunities ETF	15.00%	2.35%	4.18%	10.82%	-9.77%

Correlation

The correlation between JPRE and BYRE is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.97
Correlation (All Time) Calculated using the full available price history since May 23, 2022	0.97

The correlation between JPRE and BYRE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

JPRE vs. BYRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPRE

JPRE Risk / Return Rank: 43
JPRE Sharpe Ratio Rank: 40
JPRE Sortino Ratio Rank: 39
JPRE Omega Ratio Rank: 38
JPRE Calmar Ratio Rank: 50
JPRE Martin Ratio Rank: 50

BYRE

BYRE Risk / Return Rank: 39
BYRE Sharpe Ratio Rank: 37
BYRE Sortino Ratio Rank: 36
BYRE Omega Ratio Rank: 35
BYRE Calmar Ratio Rank: 43
BYRE Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JPRE vs. BYRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) and Principal Real Estate Active Opportunities ETF (BYRE). 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.

	JPRE	BYRE	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.05	+0.08
Sortino ratio: Return per unit of downside risk	1.62	1.52	+0.11
Omega ratio: Gain probability vs. loss probability	1.20	1.19	+0.02
Calmar ratio: Return relative to maximum drawdown	2.03	1.72	+0.31
Martin ratio: Return relative to average drawdown	6.43	5.42	+1.01

JPRE vs. BYRE - Sharpe Ratio Comparison

The current JPRE Sharpe Ratio is 1.13, which is comparable to the BYRE Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of JPRE and BYRE, 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

JPRE vs. BYRE - Drawdown Comparison

The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum BYRE drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for JPRE and BYRE.

Drawdown Indicators

	JPRE	BYRE	Difference
Max Drawdown Largest peak-to-trough decline	-23.84%	-25.70%	+1.86%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-7.76%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.27%	-15.13%	-1.14%
Current Drawdown Current decline from peak	-2.93%	-2.74%	-0.19%
Average Drawdown Average peak-to-trough decline	-7.87%	-9.24%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.46%	-0.04%

Volatility

JPRE vs. BYRE - Volatility Comparison

JPMorgan Realty Income ETF (JPRE) has a higher volatility of 4.34% compared to Principal Real Estate Active Opportunities ETF (BYRE) at 3.88%. This indicates that JPRE's price experiences larger fluctuations and is considered to be riskier than BYRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPRE	BYRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.88%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	10.16%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	12.72%	+1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	17.97%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	17.97%	+0.26%

JPRE vs. BYRE - Expense Ratio Comparison

JPRE has a 0.50% expense ratio, which is lower than BYRE's 0.65% expense ratio.

Dividends

JPRE vs. BYRE - Dividend Comparison

JPRE's dividend yield for the trailing twelve months is around 2.20%, less than BYRE's 2.68% yield.

Position	TTM	2025	2024	2023	2022
BYRE Principal Real Estate Active Opportunities ETF	2.68%	2.71%	2.31%	2.63%	1.86%
JPRE JPMorgan Realty Income ETF	2.20%	2.62%	2.21%	3.26%	10.60%

Frequently Asked Questions

Can I hold both JPRE and BYRE in my portfolio?

With a correlation of 0.95, JPRE and BYRE 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.

Which is riskier, JPRE or BYRE?

JPRE has higher volatility (4.34%) compared to BYRE (3.88%). In terms of maximum drawdown, JPRE dropped -23.84% vs BYRE's -25.70%.

Which ETF is better, JPRE or BYRE?

On 3-year performance, JPRE leads with 10.95% vs 10.58% for BYRE. On fees, JPRE is cheaper at 0.50% per year. On volatility, BYRE has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPRE or BYRE?

Over the 3-year period, JPRE has performed better with a 10.95% return vs 10.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPRE or BYRE?

JPRE is cheaper with a 0.50% expense ratio, compared with 0.65% for BYRE.

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

BYRE has the higher dividend yield at 2.68%, compared with 2.20% for JPRE.

What is the main difference between JPRE and BYRE?

They also come from different issuers: JPMorgan and Principal. Their fees differ too: 0.50% for JPRE and 0.65% for BYRE.

Which has better risk-adjusted returns?

JPRE currently has the higher Sharpe Ratio (1.13 vs 1.05), 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.