BYRE vs IVV
Principal Real Estate Active Opportunities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | BYRE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $28M | $907.0B | |
| Dividend Yield | 2.68% | 1.10% | |
| Holdings | 56 | 508 | |
| YTD Return | +15.11% | +12.28% | |
| 1Y Return | +12.82% | +20.94% | |
| 3Y Return (annualized) | +12.01% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 17.7% | 15.1% | |
| Max Drawdown | -25.7% | -56.5% | |
| Fund Family | Principal Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 18, 2022 | May 15, 2000 |
BYRE vs IVV Performance
Principal Real Estate Active Opportunities ETF (BYRE) is a ETF from Principal Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BYRE returned +12.82% while IVV returned +20.94%. Year to date, BYRE is up 15.11% versus a gain of 12.28% for IVV.
Over three years, BYRE compounded at +12.01% per year against +21.81% for IVV. Across the full 4-year window we track, IVV has the edge at +6.98% annualized vs +5.14%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BYRE has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.7% for BYRE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BYRE charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, BYRE currently yields 2.68% against 1.10% for IVV.
Holdings Overlap
BYRE and IVV share 12 holdings out of 543 unique holdings combined, representing a 1.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BYRE or IVV?
BYRE has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, BYRE or IVV?
Over the past year BYRE returned +12.82% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), BYRE annualized +5.14% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, BYRE or IVV?
BYRE has been the more volatile fund at 17.7% annualized versus 15.1% for IVV. Worst drawdown: BYRE -25.7% vs IVV -56.5%.
Should I hold both BYRE and IVV?
BYRE and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BYRE and IVV?
BYRE and IVV share 12 common holdings with a 1.2% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, BYRE or IVV?
BYRE yields 2.68% while IVV yields 1.10%, so BYRE currently pays the higher dividend yield.
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