BYREvsFRIETF Comparison
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Principal Real Estate Active Opportunities ETF (BYRE) and First Trust S&P REIT Index Fund ETF (FRI) belong to the same industry segment: US Real Estate. BYRE's top 3 sector exposures are Finance, Non-Corporate and Technology. In contrast, FRI's top sector exposures are Finance. BYRE is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.49% for FRI. BYRE is up 11.57% year-to-date (YTD) with +$4M in YTD flows. FRI performs better with 14.61% YTD performance, and +$36M in YTD flows. Run a side-by-side ETF comparison of BYRE and FRI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BYRE vs FRI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BYRE FRI | +4.96%+4.51% | -3.02%-4.17% | +11.57%+14.61% | +10.74%+14.54% | +37.60%+48.44% | n/a+15.17% |
| Flows | BYRE FRI | +$506K+$13M | +$524K+$12M | +$4M+$36M | +$6M+$40M | +$16M+$56M | -+$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BYRE FRI | +12.37%+12.43% | +12.76%+13.30% | +15.17%+16.27% | n/a+18.82% |
| Max drawdown | BYRE FRI | -8.68%-9.52% | -10.62%-12.04% | -14.99%-18.74% | n/a-31.41% |
| Max drawdown duration | BYRE FRI | 69d91d | 99d99d | 507d434d | n/a1496d |
Trading data
BYRE | FRI | |
Last sale 11/3/2026 at 2:30 PM | $26.81 | $30.90 |
| Previous close 11/02/2026 | $26.71 | $30.85 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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BYRE
is actively managed and doesn’t replicate an indexBYRE | FRI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
BYRE | FRI | |
|---|---|---|
| Last price | $26.81 | $30.90 |
| 1D performance | +0.40% | +0.16% |
| AuM | $27.22 M | $203.47 M |
| E/R | 0.6% | 0.49% |
Characteristics
BYRE | FRI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Principal Global Investors | First Trust |
| Benchmark | - | S&P United States REIT Index |
| N° of holdings | 48 | 126 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 19, 2022 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
BYRE
USA
92.19%
Other
7.81%
FRI
USA
95.3%
Other
4.7%
Sectors
BYRE
Finance
97.19%
Other
2.81%
FRI
Finance
95.3%
Other
4.7%
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Diversification
BYRE
Total weight of top 15 holdings out of 15
67.67%
FRI
Total weight of top 15 holdings out of 15
60.63%
Top 15 holdings
Data as of September 30, 2026
BYRE
Equinix, Inc.
8.55%
Welltower, Inc.
8.50%
American Tower Corp.
6.72%
Crown Castle, Inc.
4.48%
Ventas, Inc.
4.43%
Sabra Health Care REIT, Inc.
4.37%
Prologis, Inc.
4.34%
Iron Mountain, Inc.
3.67%
Extra Space Storage, Inc.
3.61%
Gaming & Leisure Properties, Inc.
3.60%
Essex Property Trust, Inc.
3.46%
American Homes 4 Rent
3.36%
EastGroup Properties, Inc.
3.06%
Digital Realty Trust, Inc.
2.99%
Rexford Industrial Realty, Inc.
2.53%
FRI
Welltower, Inc.
12.70%
Prologis, Inc.
9.46%
Equinix, Inc.
4.66%
Simon Property Group, Inc.
4.54%
Digital Realty Trust, Inc.
4.53%
Realty Income Corp.
3.93%
Public Storage
3.71%
Equity Residential
3.36%
Ventas, Inc.
3.34%
Iron Mountain, Inc.
2.57%
Extra Space Storage, Inc.
2.18%
VICI Properties, Inc.
1.94%
Essex Property Trust, Inc.
1.35%
Host Hotels & Resorts, Inc.
1.20%
Kimco Realty Corp.
1.16%
Frequently asked questions about BYRE and FRI
How have the BYRE and FRI ETFs performed in 2026?
As of November 2, 2026, BYRE is up 11.57% year-to-date (YTD), while FRI has returned 14.61%. That puts FRI better performer ahead so far this year.
Which ETF is attracting more investor money: BYRE or FRI?
Year-to-date, the BYRE ETF saw +$4M in flows, compared to +$36M for FRI.
Which ETF is more volatile: BYRE or FRI?
Over the past year, BYRE had a volatility of 12.76%, while FRI experienced 13.3%.
Which ETF is bigger: BYRE or FRI?
As of November 2, 2026, BYRE holds $27.22 M in assets under management (AUM), while FRI manages $203.47 M.
What sectors do the BYRE and FRI ETFs invest in?
BYRE leans toward sectors like Finance. Meanwhile, FRI focuses on Finance.
What are the top holdings of the BYRE ETF and FRI ETF?
BYRE top holdings include Equinix, Inc., Welltower, Inc. and American Tower Corp.. FRI holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..
Which ETF is more diversified: BYRE or FRI?
BYRE holds 48 securities with 67.67% of its assets in the top 15. FRI has 126 securities and a top 15 weight of 60.63%.
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