BYREvsFRELETF Comparison
VS
Principal Real Estate Active Opportunities ETF (BYRE) and Fidelity MSCI Real Estate Index ETF (FREL) belong to the same industry segment: US Real Estate. BYRE's top 3 sector exposures are Finance and Non-Corporate. In contrast, FREL's top sector exposures are Finance and Technology. BYRE is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.084% for FREL. BYRE is up 15.06% year-to-date (YTD) with +$4M in YTD flows. FREL performs worse with 13.88% YTD performance, and +$261M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
BYRE vs FREL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BYRE FREL | +2.18%+1.63% | +1.78%+4.79% | +15.06%+13.88% | +13.20%+14.15% | +35.13%+34.14% | n/a+13.25% |
| Flows | BYRE FREL | +$1M+$1M | +$2M+$19M | +$4M+$261M | +$9M+$339M | +$18M+$283M | --$73M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BYRE FREL | +13.77%+15.80% | +12.64%+13.89% | +15.71%+16.91% | n/a+18.96% |
| Max drawdown | BYRE FREL | -3.46%-3.32% | -7.99%-8.45% | -14.99%-17.46% | n/a-34.35% |
| Max drawdown duration | BYRE FREL | 16d16d | 57d44d | 507d441d | n/a1621d |
Trading data
BYRE | FREL | |
Last sale 8/4/2026 at 7:59 PM | $27.69 | $29.98 |
| Previous close 08/04/2026 | $27.72 | $30.07 |
| Consolidated volume 08/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
BYRE
is actively managed and doesn’t replicate an indexBYRE | FREL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 8/4/2026 at 7:59 PM
Live
Closed
BYRE | FREL | |
|---|---|---|
| Last price | $27.69 | $29.98 |
| 1D performance | -0.12% | -0.30% |
| AuM | $27.67 M | $1.49 B |
| E/R | 0.6% | 0.084% |
Characteristics
BYRE | FREL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Principal Global Investors | Fidelity |
| Benchmark | - | MSCI USA IMI Real Estate 25/25 Index |
| N° of holdings | 51 | 124 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2022 | February 2, 2015 |
| ESG | No | No |
Advertisement
Exposure
Countries
BYRE
USA
89.78%
Other
10.22%
FREL
USA
99.19%
Other
0.81%
Sectors
BYRE
Finance
98.13%
Other
1.87%
FREL
Finance
98.23%
Other
1.77%
Advertisement
Diversification
BYRE
Total weight of top 15 holdings out of 15
67.45%
FREL
Total weight of top 15 holdings out of 15
56.98%
Top 15 holdings
Data as of June 30, 2026
BYRE
Equinix, Inc.
8.39%
Welltower, Inc.
7.87%
American Tower Corp.
6.43%
Crown Castle, Inc.
4.88%
Prologis, Inc.
4.42%
Ventas, Inc.
4.39%
Sabra Health Care REIT, Inc.
4.33%
Iron Mountain, Inc.
4.22%
Extra Space Storage, Inc.
4.07%
Gaming & Leisure Properties, Inc.
3.93%
American Homes 4 Rent
3.41%
Equity Residential
3.29%
EastGroup Properties, Inc.
2.95%
Healthpeak Properties, Inc.
2.64%
Digital Realty Trust, Inc.
2.23%
FREL
Welltower, Inc.
8.75%
Prologis, Inc.
7.79%
Equinix, Inc.
5.64%
Simon Property Group, Inc.
4.65%
Digital Realty Trust, Inc.
4.06%
American Tower Corp.
4.03%
Realty Income Corp.
3.56%
Public Storage
3.21%
Ventas, Inc.
2.56%
CBRE Group, Inc.
2.54%
Iron Mountain, Inc.
2.47%
Crown Castle, Inc.
2.20%
Extra Space Storage, Inc.
2.00%
VICI Properties, Inc.
1.82%
AvalonBay Communities, Inc.
1.70%
Frequently asked questions about BYRE and FREL
How have the BYRE and FREL ETFs performed in 2026?
As of August 4, 2026, BYRE is up 15.06% year-to-date (YTD), while FREL has returned 13.88%. 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 +$4M in flows, compared to +$261M for FREL.
Which ETF is more volatile: BYRE or FREL?
Over the past year, BYRE had a volatility of 12.64%, while FREL experienced 13.89%.
Which ETF is bigger: BYRE or FREL?
As of August 4, 2026, BYRE holds $27.67 M in assets under management (AUM), while FREL manages $1.49 B.
What sectors do the BYRE and FREL ETFs invest in?
BYRE leans toward sectors like Finance. Meanwhile, FREL focuses on Finance.
What are the top holdings of the BYRE ETF and FREL ETF?
BYRE top holdings include Equinix, Inc., Welltower, Inc. and American Tower Corp.. FREL holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: BYRE or FREL?
BYRE holds 52 securities with 67.45% of its assets in the top 15. FREL has 125 securities and a top 15 weight of 56.98%.
Advertisement
Latest news about BYRE & FREL
Two Ways to Get Real Estate Income with ETFs
August 2, 2024
FREL
Real Estate Sector Declines on Fed Minutes
May 27, 2024
FREL
Real Estate Sector Suffers Third Weekly Loss Amid Rising Treasury Yields
April 22, 2024
FREL
Real Estate Sector Gains Momentum After Dovish Fed Comments
December 19, 2023
FREL
Advertisement
Advertisement
