PPTY vs. BYRE

Last updated Jun 3, 2026

PPTY (US Diversified Real Estate ETF) and BYRE (Principal Real Estate Active Opportunities ETF) are both REIT funds. PPTY is passively managed, while BYRE is actively managed. Over the past 3 years, PPTY returned 8.94%/yr vs 8.94%/yr for BYRE. Their correlation of 0.90 suggests significant overlap in exposure. PPTY charges 0.49%/yr vs 0.65%/yr for BYRE.

Performance

PPTY vs. BYRE - Performance Comparison

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

Returns By Period

In the year-to-date period, PPTY achieves a 9.21% return, which is significantly lower than BYRE's 10.39% return.

PPTY

• 1D: 0.63%
• 1M: 0.62%
• YTD: 9.21%
• 6M: 8.45%
• 1Y: 10.29%
• 3Y*: 8.94%
• 5Y*: 2.22%
• 10Y*: —

BYRE

• 1D: -0.10%
• 1M: -1.20%
• YTD: 10.39%
• 6M: 9.59%
• 1Y: 8.51%
• 3Y*: 8.94%
• 5Y*: —
• 10Y*: —

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

PPTY vs. BYRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PPTY US Diversified Real Estate ETF	9.21%	-3.47%	9.85%	12.66%	-10.48%
BYRE Principal Real Estate Active Opportunities ETF	10.39%	2.35%	4.18%	10.82%	-9.01%

Correlation

The correlation between PPTY and BYRE is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 20, 2022	0.90

The correlation between PPTY and BYRE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

PPTY vs. BYRE - Sectors Allocation Comparison

Sectors	PPTY	BYRE
Real Estate	93.6%	95.9%
Consumer Cyclical	5.6%	-
Financial Services	0.5%	2.3%
Healthcare	0.4%	0.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	0.3%
Technology	-	-
Utilities	-	-

Return for Risk

PPTY vs. BYRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PPTY

PPTY Risk / Return Rank: 23
PPTY Sharpe Ratio Rank: 22
PPTY Sortino Ratio Rank: 21
PPTY Omega Ratio Rank: 21
PPTY Calmar Ratio Rank: 26
PPTY Martin Ratio Rank: 26

BYRE

BYRE Risk / Return Rank: 21
BYRE Sharpe Ratio Rank: 20
BYRE Sortino Ratio Rank: 19
BYRE Omega Ratio Rank: 19
BYRE Calmar Ratio Rank: 23
BYRE Martin Ratio Rank: 22

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.

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 ratio Return per unit of total volatility	0.76	0.69	+0.07
Sortino ratio Return per unit of downside risk	1.12	1.00	+0.13
Omega ratio Gain probability vs. loss probability	1.14	1.13	+0.01
Calmar ratio Return relative to maximum drawdown	1.27	1.09	+0.17
Martin ratio Return relative to average drawdown	3.66	2.76	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PPTY vs. BYRE - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 0.76, which is comparable to the BYRE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of PPTY 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.

Sharpe Ratios by Period

	PPTY	BYRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	0.69	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.24	+0.07

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.

Drawdown Indicators

	PPTY	BYRE	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-25.70%	-15.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-7.76%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-15.20%	-5.86%
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	—	—
Current Drawdown Current decline from peak	-3.78%	-2.99%	-0.79%
Average Drawdown Average peak-to-trough decline	-11.35%	-9.59%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	3.07%	-0.27%

Volatility

PPTY vs. BYRE - Volatility Comparison

US Diversified Real Estate ETF (PPTY) has a higher volatility of 3.97% compared to Principal Real Estate Active Opportunities ETF (BYRE) at 3.50%. This indicates that PPTY'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

	PPTY	BYRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	3.50%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	9.39%	9.01%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	12.40%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	18.11%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	18.11%	+3.81%

PPTY vs. BYRE - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is lower than BYRE's 0.65% expense ratio.

Dividends

PPTY vs. BYRE - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.66%, more than BYRE's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BYRE Principal Real Estate Active Opportunities ETF	2.49%	2.71%	2.31%	2.63%	1.86%	0.00%	0.00%	0.00%	0.00%
PPTY US Diversified Real Estate ETF	2.66%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%

Frequently Asked Questions

Can I hold both PPTY and BYRE in my portfolio?

PPTY and BYRE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPTY or BYRE?

PPTY has higher volatility (3.97%) compared to BYRE (3.50%). In terms of maximum drawdown, PPTY dropped -41.69% vs BYRE's -25.70%.

Which ETF is better, PPTY or BYRE?

On 3-year performance, BYRE leads with 8.94% vs 8.94% for PPTY. On fees, PPTY is cheaper at 0.49% per year. On volatility, BYRE has been the lower-risk option at 3.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PPTY or BYRE?

Over the 3-year period, BYRE has performed better with a 8.94% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PPTY or BYRE?

PPTY is cheaper with a 0.49% expense ratio, compared with 0.65% for BYRE.

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

PPTY has the higher dividend yield at 2.66%, compared with 2.49% for BYRE.

What is the main difference between PPTY and BYRE?

They also come from different issuers: Vident and Principal. Their fees differ too: 0.49% for PPTY and 0.65% for BYRE.

Which has better risk-adjusted returns?

PPTY currently has the higher Sharpe Ratio (0.76 vs 0.69), 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.