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BYREvsFRIETF Comparison

ETF 1

BYRE

Principal Real Estate Active Opportunities ETF

This fund is part of

US Real Estate

-0.89%

Full BYRE fund page

VS

ETF 2

FRI

First Trust S&P REIT Index Fund ETF

This fund is part of

US Real Estate

-0.89%

Full FRI fund page

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, Technology and Non-Corporate. 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 9.23% year-to-date (YTD) with +$4M in YTD flows. FRI performs better with 12.92% YTD performance, and +$24M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	BYRE FRI	-4.13%-4.20%	-1.36%-0.50%	+9.23%+12.92%	+7.56%+12.52%	+29.28%+37.18%	n/a+20.30%
Flows	BYRE FRI	+$18K+$146K	+$2M+$17M	+$4M+$24M	+$7M+$21M	+$19M+$38M	-+$13M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	BYRE FRI	+12.12%+12.95%	+12.53%+13.16%	+15.60%+16.71%	n/a+18.83%
Max drawdown	BYRE FRI	-7.54%-8.57%	-7.99%-8.57%	-14.99%-18.74%	n/a-31.41%
Max drawdown duration	BYRE FRI	54d53d	57d53d	507d434d	n/a1496d

Trading data

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	BYRE	FRI
Last sale 9/18/2026 at 1:30 PM	$26.28	$30.28
Previous close 09/17/2026	$26.49	$30.56
Consolidated volume 09/17/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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BYRE

is actively managed and doesn’t replicate an index

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	BYRE	FRI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/18/2026 at 1:30 PM

Live

Closed

	BYRE	FRI
Last price	$26.28	$30.28
1D performance	-0.79%	-0.92%
AuM	$26.27 M	$189.58 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	50	121
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 19, 2022	May 8, 2007
ESG	No	No

More BYRE data on Trackinsight

More FRI data on Trackinsight

Exposure

Countries

BYRE

USA

91.16%

Other

8.84%

FRI

USA

95.67%

Other

4.33%

Sectors

BYRE

Finance

98.28%

Other

1.72%

FRI

Finance

95.67%

Other

4.33%

Diversification

BYRE

Total weight of top 15 holdings out of 15

67.37%

FRI

Total weight of top 15 holdings out of 15

61.1%

Top 15 holdings

Data as of July 31, 2026

BYRE

Welltower, Inc.

8.17%

Equinix, Inc.

8.06%

American Tower Corp.

6.40%

Ventas, Inc.

4.53%

Crown Castle, Inc.

4.52%

Sabra Health Care REIT, Inc.

4.50%

Prologis, Inc.

4.46%

Gaming & Leisure Properties, Inc.

3.83%

Iron Mountain, Inc.

3.73%

Extra Space Storage, Inc.

3.65%

Digital Realty Trust, Inc.

3.51%

American Homes 4 Rent

3.33%

Essex Property Trust, Inc.

3.31%

EastGroup Properties, Inc.

2.99%

Rexford Industrial Realty, Inc.

2.38%

FRI

Welltower, Inc.

12.17%

Prologis, Inc.

9.53%

Equinix, Inc.

4.65%

Digital Realty Trust, Inc.

4.61%

Simon Property Group, Inc.

4.46%

Realty Income Corp.

4.28%

Public Storage

3.93%

Equity Residential

3.45%

Ventas, Inc.

3.27%

Iron Mountain, Inc.

2.66%

Extra Space Storage, Inc.

2.26%

VICI Properties, Inc.

2.11%

Essex Property Trust, Inc.

1.34%

Invitation Homes, Inc.

1.20%

Kimco Realty Corp.

1.18%

Frequently asked questions about BYRE and FRI

How have the BYRE and FRI ETFs performed in 2026?

As of September 18, 2026, BYRE is up 9.23% year-to-date (YTD), while FRI has returned 12.92%. 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 +$24M for FRI.

Which ETF is more volatile: BYRE or FRI?

Over the past year, BYRE had a volatility of 12.53%, while FRI experienced 13.16%.

Which ETF is bigger: BYRE or FRI?

As of September 18, 2026, BYRE holds $26.27 M in assets under management (AUM), while FRI manages $189.58 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 Welltower, Inc., Equinix, Inc. and American Tower Corp.. FRI holds in its top three: Welltower, Inc., Prologis, Inc. and Equinix, Inc..

BYREvsFRIETF Comparison

Principal Real Estate Active Opportunities ETF

First Trust S&P REIT Index Fund ETF

BYRE vs FRI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the BYRE and FRI ETFs performed in 2026?

As of September 18, 2026, BYRE is up 9.23% year-to-date (YTD), while FRI has returned 12.92%. 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 +$24M for FRI.

Which ETF is more volatile: BYRE or FRI?

Over the past year, BYRE had a volatility of 12.53%, while FRI experienced 13.16%.

Which ETF is bigger: BYRE or FRI?

As of September 18, 2026, BYRE holds $26.27 M in assets under management (AUM), while FRI manages $189.58 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 Welltower, Inc., Equinix, 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 50 securities with 67.37% of its assets in the top 15. FRI has 121 securities and a top 15 weight of 61.1%.

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