Principal Real Estate Active Opportunities ETF (BYRE) Performance
BYRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.2% since Dec 31, 2025
- 1 year
- +6.9% total return
- 3 years
- +12.8% a year
- Since first price
- +3.9% a year since 2022
BYRE trailing returns vs SPY, QQQ, AGG
| Period | BYRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.4% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.7% | −5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.4% | −1.1% | +7.8% | +8.4% | −1.5% |
| YTD | +10.2% | +7.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +6.9% | +3.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +43.6%+12.8%/yr | +32.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMay 19, 2022 | +18.5%+3.9%/yr | +5.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BYRE vs SPY
From May 19, 2022: BYRE grew to $11,848, SPY to $20,726.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BYRE returns by calendar year
3 of 3 full years positive. Best 2023 (+10.8%), worst 2025 (+2.3%). 2026 is year to date.
BYRE annual returns table
| Year | BYRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.2% | −10.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.3% | −11.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.2% | −11.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.8% | −21.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BYRE largest drawdowns
Now 6.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 15, 2022 | −25.7% | Oct 25, 2023 | Aug 23, 2024 | 1.2 years | 2.0 years |
| Sep 16, 2024 | −15.1% | Apr 8, 2025 | Feb 12, 2026 | 7 months | 1.4 years |
| May 27, 2022 | −12.8% | Jun 16, 2022 | Aug 9, 2022 | 20 days | 2 months |
| Jul 24, 2026 | −10.6% | Oct 7, 2026 | not yet | 2 months | 3 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BYRE risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +9.8% | +2.0% |
| Volatility (annualized) | 15.8% | 17.8% |
| Sharpe ratio | 0.39 | -0.03 |
| Sortino ratio | 0.65 | -0.05 |
| Best month | +12.4% | +12.4% |
| Worst month | −7.8% | −12.3% |
| Best 12 months | +31.4% | +31.4% |
| Worst 12 months | −3.7% | −14.7% |
| Positive months | 61% | 56% |
| Beta vs S&P 500 | 0.76 | — |
| Correlation with S&P 500 | 0.60 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BYRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 42 | −14.7% | +5.6% | +31.4% | 69% |
| 3-year (a year) | 18 | +0.6% | +6.8% | +12.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
BYRE performance overview
Principal Real Estate Active Opportunities ETF (BYRE) returned +6.9% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +3.9% a year, turning $10,000 into about $11,848. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.7%, from Aug 15, 2022 to Oct 25, 2023, and it took 10 months to get back to the old high. BYRE finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+10.8%) and the worst 2025 (+2.3%). Volatility has been 17.8% a year.
Related: BYRE chart, BYRE holdings, BYRE dividends, BYRE valuation. See the BYRE overview for the latest quote and fund facts.
BYRE performance FAQ
What is the BYRE return over the past year?
BYRE returned +6.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.8%.
How much would $10,000 invested in BYRE be worth?
$10,000 invested in BYRE at its first recorded close on May 19, 2022 would be worth about $11,848 on October 23, 2026 with distributions reinvested.
What was the worst year for BYRE?
The worst calendar year was 2025, with a total return of +2.3%. The best was 2023 at +10.8%.
What is the biggest drawdown of BYRE?
The largest peak-to-trough decline was −25.7% between August 15, 2022 and October 25, 2023. It recovered to the old high on August 23, 2024, 10 months after the bottom.
How volatile is BYRE?
Over the past 3 years BYRE had an annualized volatility of 15.8% and a Sharpe ratio of 0.39 (excess return over 1–3 month T-bills per unit of risk).