WPS vs. BYRE
WPS (iShares International Developed Property ETF) and BYRE (Principal Real Estate Active Opportunities ETF) are both REIT funds. WPS is passively managed, while BYRE is actively managed. At a 0.49 correlation, their price movements are largely independent. WPS charges 0.48%/yr vs 0.65%/yr for BYRE.
Performance
WPS vs. BYRE - Performance Comparison
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Returns By Period
WPS
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BYRE
- 1D
- 0.12%
- 1M
- -0.03%
- YTD
- 13.17%
- 6M
- 13.31%
- 1Y
- 8.97%
- 3Y*
- 11.09%
- 5Y*
- —
- 10Y*
- —
WPS vs. BYRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WPS iShares International Developed Property ETF | 0.00% | 0.00% | -3.59% | 7.43% | -11.70% |
BYRE Principal Real Estate Active Opportunities ETF | 13.17% | 2.35% | 4.18% | 10.82% | -9.22% |
Correlation
The correlation between WPS and BYRE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | 0.49 |
The correlation between WPS and BYRE shifts across timeframes, from 0.38 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WPS vs. BYRE — Risk / Return Rank
WPS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BYRE
WPS vs. BYRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Property ETF (WPS) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WPS | BYRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.16 | — |
| Martin ratioReturn relative to average drawdown | — | 2.93 | — |
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Drawdowns
WPS vs. BYRE - Drawdown Comparison
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Drawdown Indicators
| WPS | BYRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -25.70% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.76% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.20% | — |
Current DrawdownCurrent decline from peak | — | -0.60% | — |
Average DrawdownAverage peak-to-trough decline | — | -9.46% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.10% | — |
Volatility
WPS vs. BYRE - Volatility Comparison
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Volatility by Period
| WPS | BYRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.66% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 12.88% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 18.07% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 18.07% | — |
WPS vs. BYRE - Expense Ratio Comparison
WPS has a 0.48% expense ratio, which is lower than BYRE's 0.65% expense ratio.
Dividends
WPS vs. BYRE - Dividend Comparison
WPS has not paid dividends to shareholders, while BYRE's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BYRE Principal Real Estate Active Opportunities ETF | 2.43% | 2.71% | 2.31% | 2.63% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPS iShares International Developed Property ETF | 0.00% | 0.00% | 2.48% | 2.38% | 2.63% | 4.36% | 2.31% | 6.81% | 4.45% | 4.31% | 5.73% | 3.20% |
Frequently Asked Questions
WPS and BYRE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WPS is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WPS is cheaper with a 0.48% expense ratio, compared with 0.65% for BYRE.
BYRE has the higher dividend yield at 2.43%, compared with 0.00% for WPS.
They also come from different issuers: iShares and Principal. Their fees differ too: 0.48% for WPS and 0.65% for BYRE.
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