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BYREvsFRELETF Comparison
Principal Real Estate Active Opportunities ETF (BYRE) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. Both ETFs have the same top 3 sector exposures: and Real Estate. BYRE is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.08% for FREL. BYRE is up 7.12% year-to-date (YTD) with +$2M in YTD flows. FREL performs worse with 5.82% YTD performance, and +$226M in YTD flows. Run a side-by-side ETF comparison of BYRE and FREL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
BYRE vs FREL performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BYRE FREL | +2.55%+1.12% | +7.94%+6.38% | +7.12%+5.82% | +6.20%+6.33% | +23.78%+26.40% | n/a+27.50% |
| Flows | BYRE FREL | +$1M-$3M | +$2M+$239M | +$2M+$226M | +$11M+$331M | +$17M-$213K | -+$126M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BYRE FREL | +10.99%+11.75% | +14.78%+16.41% | +16.28%+17.30% | n/a+18.87% |
| Max drawdown | BYRE FREL | -3.26%-3.47% | -10.64%-12.43% | -15.23%-17.46% | n/a-34.35% |
| Max drawdown duration | BYRE FREL | 18d21d | 29d79d | 130d441d | n/a1527d |
BYRE | FREL | |
Last sale 3/11/2026 at 1:30 PM | $26.00 | $28.11 |
| Previous close 03/10/2026 | $26.29 | $28.42 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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BYRE | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
BYRE | FREL | |
|---|---|---|
| Last price | $26.00 | $28.11 |
| 1D performance | -1.09% | -1.09% |
| AuM | $24.08 M | $1.38 B |
| E/R | 0.6% | 0.08% |
BYRE | FREL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Principal Global Investors | Fidelity |
| Benchmark | - | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 45 | 116 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2022 | February 2, 2015 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the BYRE and FREL ETFs performed in 2026?
As of March 9, 2026, BYRE is up 7.12% year-to-date (YTD), while FREL has returned 5.82%. That puts BYRE better performer ahead so far this year.
Which ETF is attracting more investor money: BYRE or FREL?
Year-to-date, the BYRE ETF saw +$2M in flows, compared to +$226M for FREL.
Which ETF is more volatile: BYRE or FREL?
Over the past year, BYRE had a volatility of 14.78%, while FREL experienced 16.41%.
Which ETF is bigger: BYRE or FREL?
As of March 9, 2026, BYRE holds $24.08 M in assets under management (AUM), while FREL manages $1.38 B.
What sectors do the BYRE and FREL ETFs invest in?
BYRE leans toward sectors like Real Estate. Meanwhile, FREL focuses on Real Estate.
What are the top holdings of the BYRE ETF and FREL ETF?
BYRE top holdings include WELLTOWER INC, EQUINIX INC COMMON STOCK REIT and AMERICAN TOWER CL A REIT. FREL holds in its top three: PROLOGIS REIT, WELLTOWER INC and AMERICAN TOWER CL A REIT.
Which ETF is more diversified: BYRE or FREL?
BYRE holds 47 securities with 68.65% of its assets in the top 15. FREL has 130 securities and a top 15 weight of 56.79%.
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