BYRE vs QQQ
Principal Real Estate Active Opportunities ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BYRE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.18% | |
| AUM | $28M | $496.3B | |
| Dividend Yield | 2.68% | 0.44% | |
| Holdings | 56 | 108 | |
| YTD Return | +14.90% | +16.64% | |
| 1Y Return | +12.77% | +27.27% | |
| 3Y Return (annualized) | +11.73% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 17.7% | 30.6% | |
| Max Drawdown | -25.7% | -83.0% | |
| Fund Family | Principal Funds | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 18, 2022 | Mar 10, 1999 |
BYRE vs QQQ Performance
Principal Real Estate Active Opportunities ETF (BYRE) is a ETF from Principal Funds and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BYRE returned +12.77% while QQQ returned +27.27%. Year to date, BYRE is up 14.90% versus a gain of 16.64% for QQQ.
Over three years, BYRE compounded at +11.73% per year against +25.96% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.03% annualized vs +5.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.7% for BYRE. 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 -83.0% for QQQ. 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BYRE charges 0.60% per year while QQQ charges 0.18%. On a $10,000 position that is $60 vs $18 annually, a gap of $42 per year that compounds over a long holding period. On income, BYRE currently yields 2.68% against 0.44% for QQQ.
Holdings Overlap
BYRE and QQQ share 0 holdings out of 152 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BYRE or QQQ?
BYRE has an expense ratio of 0.60% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, BYRE or QQQ?
Over the past year BYRE returned +12.77% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), BYRE annualized +5.10% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BYRE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.7% for BYRE. Worst drawdown: BYRE -25.7% vs QQQ -83.0%.
Should I hold both BYRE and QQQ?
BYRE and QQQ have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BYRE and QQQ?
BYRE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 152 unique securities.
Which pays a higher dividend, BYRE or QQQ?
BYRE yields 2.68% while QQQ yields 0.44%, so BYRE currently pays the higher dividend yield.
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