URE vs. BYRE
Compare and contrast key facts about ProShares Ultra Real Estate (URE) and Principal Real Estate Active Opportunities ETF (BYRE).
URE and BYRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (200%). It was launched on Jan 30, 2007. BYRE is an actively managed fund by Principal. It was launched on May 18, 2022.
Performance
URE vs. BYRE - Performance Comparison
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URE vs. BYRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.63% | -3.65% | 0.35% | 11.58% | -21.85% |
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, URE achieves a 1.63% return, which is significantly lower than BYRE's 2.60% return.
URE
- 1D
- 3.10%
- 1M
- -12.81%
- YTD
- 1.63%
- 6M
- -6.43%
- 1Y
- -6.73%
- 3Y*
- 3.31%
- 5Y*
- -2.68%
- 10Y*
- 1.86%
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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URE vs. BYRE - Expense Ratio Comparison
URE has a 0.95% expense ratio, which is higher than BYRE's 0.65% expense ratio.
Return for Risk
URE vs. BYRE — Risk / Return Rank
URE
BYRE
URE vs. BYRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
| URE | BYRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.21 | 0.07 | -0.28 |
Sortino ratioReturn per unit of downside risk | -0.07 | 0.20 | -0.27 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.15 | -0.35 |
Martin ratioReturn relative to average drawdown | -0.62 | 0.48 | -1.11 |
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
| URE | BYRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.21 | 0.07 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.14 | -0.21 |
Correlation
The correlation between URE and BYRE is 0.96, 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
URE vs. BYRE - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 2.30%, less than BYRE's 2.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 2.30% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
URE vs. BYRE - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than BYRE's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for URE and BYRE.
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Drawdown Indicators
| URE | BYRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -25.70% | -71.46% |
Max Drawdown (1Y)Largest decline over 1 year | -22.93% | -10.82% | -12.11% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | — | — |
Current DrawdownCurrent decline from peak | -57.80% | -6.43% | -51.37% |
Average DrawdownAverage peak-to-trough decline | -64.63% | -9.96% | -54.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 3.28% | +4.30% |
Volatility
URE vs. BYRE - Volatility Comparison
ProShares Ultra Real Estate (URE) has a higher volatility of 9.23% compared to Principal Real Estate Active Opportunities ETF (BYRE) at 4.70%. This indicates that URE'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.
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Volatility by Period
| URE | BYRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 4.70% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.05% | 8.77% | +10.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.54% | 15.00% | +17.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.26% | 18.29% | +18.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.50% | 18.29% | +22.21% |