SRHR vs. BYRE

Last updated Apr 2, 2026

Compare and contrast key facts about SRH REIT Covered Call ETF (SRHR) and Principal Real Estate Active Opportunities ETF (BYRE).

SRHR and BYRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRHR is an actively managed fund by SRH. It was launched on Nov 1, 2023. BYRE is an actively managed fund by Principal. It was launched on May 18, 2022.

Performance

SRHR vs. BYRE - Performance Comparison

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

SRHR vs. BYRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SRHR SRH REIT Covered Call ETF	0.87%	-0.91%	3.94%	15.82%
BYRE Principal Real Estate Active Opportunities ETF	3.28%	2.35%	4.18%	15.76%

Returns By Period

In the year-to-date period, SRHR achieves a 0.87% return, which is significantly lower than BYRE's 3.28% return.

SRHR

• 1D: -0.00%
• 1M: -6.31%
• YTD: 0.87%
• 6M: -1.98%
• 1Y: -0.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BYRE

• 1D: 0.67%
• 1M: -5.81%
• YTD: 3.28%
• 6M: 1.18%
• 1Y: 1.38%
• 3Y*: 5.85%
• 5Y*: —
• 10Y*: —

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

SRHR vs. BYRE - Expense Ratio Comparison

SRHR has a 0.75% expense ratio, which is higher than BYRE's 0.65% expense ratio.

SRHR

SRH REIT Covered Call ETF

BYRE

Principal Real Estate Active Opportunities ETF

Return for Risk

SRHR vs. BYRE — Risk / Return Rank

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

SRHR

SRHR Risk / Return Rank: 11
SRHR Sharpe Ratio Rank: 11
SRHR Sortino Ratio Rank: 10
SRHR Omega Ratio Rank: 11
SRHR Calmar Ratio Rank: 11
SRHR Martin Ratio Rank: 11

BYRE

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

SRHR vs. BYRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH REIT Covered Call ETF (SRHR) 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.

	SRHR	BYRE	Difference
Sharpe ratio Return per unit of total volatility	-0.03	0.09	-0.12
Sortino ratio Return per unit of downside risk	0.08	0.23	-0.15
Omega ratio Gain probability vs. loss probability	1.01	1.03	-0.02
Calmar ratio Return relative to maximum drawdown	-0.04	0.16	-0.20
Martin ratio Return relative to average drawdown	-0.14	0.52	-0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRHR vs. BYRE - Sharpe Ratio Comparison

The current SRHR Sharpe Ratio is -0.03, which is lower than the BYRE Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of SRHR 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

	SRHR	BYRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	0.09	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.15	+0.35

Correlation

The correlation between SRHR and BYRE is 0.88, 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

SRHR vs. BYRE - Dividend Comparison

SRHR's dividend yield for the trailing twelve months is around 6.91%, more than BYRE's 2.66% yield.

	TTM	2025	2024	2023	2022
SRHR SRH REIT Covered Call ETF	6.91%	7.07%	6.90%	0.95%	0.00%
BYRE Principal Real Estate Active Opportunities ETF	2.66%	2.71%	2.31%	2.63%	1.86%

Drawdowns

SRHR vs. BYRE - Drawdown Comparison

The maximum SRHR drawdown since its inception was -18.68%, smaller than the maximum BYRE drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for SRHR and BYRE.

Drawdown Indicators

	SRHR	BYRE	Difference
Max Drawdown Largest peak-to-trough decline	-18.68%	-25.70%	+7.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.34%	-10.82%	-2.52%
Current Drawdown Current decline from peak	-7.30%	-5.81%	-1.49%
Average Drawdown Average peak-to-trough decline	-5.15%	-9.95%	+4.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.30%	+0.31%

Volatility

SRHR vs. BYRE - Volatility Comparison

SRH REIT Covered Call ETF (SRHR) and Principal Real Estate Active Opportunities ETF (BYRE) have volatilities of 4.82% and 4.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRHR	BYRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.77%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.34%	8.77%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	15.01%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	18.28%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.97%	18.28%	-2.31%