PPTY vs. BYRE
Compare and contrast key facts about US Diversified Real Estate ETF (PPTY) and Principal Real Estate Active Opportunities ETF (BYRE).
PPTY and BYRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PPTY is a passively managed fund by Vident that tracks the performance of the USREX - U.S. Diversified Real Estate Index. It was launched on Mar 24, 2018. BYRE is an actively managed fund by Principal. It was launched on May 18, 2022.
Performance
PPTY vs. BYRE - Performance Comparison
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PPTY vs. BYRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 0.01% | -3.47% | 9.85% | 12.66% | -10.48% |
BYRE Principal Real Estate Active Opportunities ETF | 2.60% | 2.35% | 4.18% | 10.82% | -9.01% |
Returns By Period
In the year-to-date period, PPTY achieves a 0.01% return, which is significantly lower than BYRE's 2.60% return.
PPTY
- 1D
- 1.25%
- 1M
- -5.37%
- YTD
- 0.01%
- 6M
- -1.88%
- 1Y
- -1.68%
- 3Y*
- 5.95%
- 5Y*
- 2.27%
- 10Y*
- —
BYRE
- 1D
- 1.44%
- 1M
- -6.38%
- YTD
- 2.60%
- 6M
- 0.58%
- 1Y
- 1.04%
- 3Y*
- 5.62%
- 5Y*
- —
- 10Y*
- —
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PPTY vs. BYRE - Expense Ratio Comparison
PPTY has a 0.49% expense ratio, which is lower than BYRE's 0.65% expense ratio.
Return for Risk
PPTY vs. BYRE — Risk / Return Rank
PPTY
BYRE
PPTY vs. BYRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) 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.
| PPTY | BYRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 0.07 | -0.17 |
Sortino ratioReturn per unit of downside risk | -0.01 | 0.20 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.15 | -0.23 |
Martin ratioReturn relative to average drawdown | -0.29 | 0.48 | -0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPTY | BYRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.07 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.14 | +0.12 |
Correlation
The correlation between PPTY and BYRE is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PPTY vs. BYRE - Dividend Comparison
PPTY's dividend yield for the trailing twelve months is around 3.04%, more than BYRE's 2.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PPTY US Diversified Real Estate ETF | 3.04% | 3.04% | 3.29% | 4.08% | 4.29% | 2.87% | 3.43% | 3.30% | 1.97% |
BYRE Principal Real Estate Active Opportunities ETF | 2.64% | 2.71% | 2.31% | 2.63% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PPTY vs. BYRE - Drawdown Comparison
The maximum PPTY drawdown since its inception was -41.69%, which is greater than BYRE's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for PPTY and BYRE.
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Drawdown Indicators
| PPTY | BYRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -25.70% | -15.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -10.82% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.37% | — | — |
Current DrawdownCurrent decline from peak | -11.89% | -6.43% | -5.46% |
Average DrawdownAverage peak-to-trough decline | -11.48% | -9.96% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.28% | +0.43% |
Volatility
PPTY vs. BYRE - Volatility Comparison
The current volatility for US Diversified Real Estate ETF (PPTY) is 4.39%, while Principal Real Estate Active Opportunities ETF (BYRE) has a volatility of 4.70%. This indicates that PPTY experiences smaller price fluctuations and is considered to be less risky than BYRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPTY | BYRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 4.70% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 8.77% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 15.00% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 18.29% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 18.29% | +3.77% |