RIET vs. BYRE

Last updated Apr 1, 2026

Compare and contrast key facts about Hoya Capital High Dividend Yield ETF (RIET) and Principal Real Estate Active Opportunities ETF (BYRE).

RIET and BYRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RIET is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital High Dividend Yield Index. It was launched on Sep 21, 2021. BYRE is an actively managed fund by Principal. It was launched on May 18, 2022.

Performance

RIET vs. BYRE - Performance Comparison

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

RIET vs. BYRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RIET Hoya Capital High Dividend Yield ETF	-0.60%	2.43%	1.18%	13.04%	-14.00%
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, RIET achieves a -0.60% return, which is significantly lower than BYRE's 2.60% return.

RIET

• 1D: 1.12%
• 1M: -5.58%
• YTD: -0.60%
• 6M: -1.46%
• 1Y: -0.11%
• 3Y*: 6.00%
• 5Y*: —
• 10Y*: —

BYRE

• 1D: 1.44%
• 1M: -6.38%
• YTD: 2.60%
• 6M: 0.58%
• 1Y: 1.04%
• 3Y*: 5.62%
• 5Y*: —
• 10Y*: —

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

RIET vs. BYRE - Expense Ratio Comparison

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

BYRE

Principal Real Estate Active Opportunities ETF

RIET

Hoya Capital High Dividend Yield ETF

Return for Risk

RIET vs. BYRE — Risk / Return Rank

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

RIET

RIET Risk / Return Rank: 12
RIET Sharpe Ratio Rank: 12
RIET Sortino Ratio Rank: 11
RIET Omega Ratio Rank: 11
RIET Calmar Ratio Rank: 13
RIET Martin Ratio Rank: 13

BYRE

BYRE Risk / Return Rank: 14
BYRE Sharpe Ratio Rank: 13
BYRE Sortino Ratio Rank: 13
BYRE Omega Ratio Rank: 13
BYRE Calmar Ratio Rank: 15
BYRE Martin Ratio Rank: 15

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.

RIET vs. BYRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hoya Capital High Dividend Yield ETF (RIET) 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.

	RIET	BYRE	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.07	-0.08
Sortino ratio Return per unit of downside risk	0.10	0.20	-0.10
Omega ratio Gain probability vs. loss probability	1.01	1.03	-0.01
Calmar ratio Return relative to maximum drawdown	0.04	0.15	-0.10
Martin ratio Return relative to average drawdown	0.12	0.48	-0.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RIET vs. BYRE - Sharpe Ratio Comparison

The current RIET Sharpe Ratio is -0.01, which is lower than the BYRE Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of RIET and BYRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RIET	BYRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.07	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.14	-0.27

Correlation

The correlation between RIET and BYRE is 0.79, 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

RIET vs. BYRE - Dividend Comparison

RIET's dividend yield for the trailing twelve months is around 11.41%, more than BYRE's 2.64% yield.

	TTM	2025	2024	2023	2022	2021
RIET Hoya Capital High Dividend Yield ETF	11.41%	11.04%	10.17%	9.33%	9.33%	1.99%
BYRE Principal Real Estate Active Opportunities ETF	2.64%	2.71%	2.31%	2.63%	1.86%	0.00%

Drawdowns

RIET vs. BYRE - Drawdown Comparison

The maximum RIET drawdown since its inception was -34.61%, which is greater than BYRE's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for RIET and BYRE.

Drawdown Indicators

	RIET	BYRE	Difference
Max Drawdown Largest peak-to-trough decline	-34.61%	-25.70%	-8.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-10.82%	-1.27%
Current Drawdown Current decline from peak	-14.32%	-6.43%	-7.89%
Average Drawdown Average peak-to-trough decline	-16.72%	-9.96%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	3.28%	+1.06%

Volatility

RIET vs. BYRE - Volatility Comparison

Hoya Capital High Dividend Yield ETF (RIET) has a higher volatility of 5.11% compared to Principal Real Estate Active Opportunities ETF (BYRE) at 4.70%. This indicates that RIET'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

	RIET	BYRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	4.70%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	8.77%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	15.00%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.15%	18.29%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	18.29%	+0.86%