BYRE vs QQQ
Principal Real Estate Active Opportunities ETF vs Invesco QQQ Trust, Series 1
Which is better, BYRE or QQQ?
Small Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BYRE | QQQ |
|---|---|---|
| Expense Ratio | 0.60% | 0.18%Best |
| AUM | $28M | $483.5B |
| Dividend Yield | 2.74% | 0.44% |
| Holdings | 53 | 107 |
| YTD Return | +10.00% | +15.21%Best |
| 1Y Return | +8.15% | +19.78%Best |
| 3Y Return (annualized) | +9.26% | +24.58%Best |
| 5Y Return (annualized) | - | +13.93% |
| Volatility (annualized) | 17.6%Best | 20.1% |
| Max Drawdown | -25.7% | -22.8%Best |
| $10,000 over 4.3 years | $11,817 | $24,836Best |
| Top 10 Weight | 52.2% | 46.5%Best |
| Fund Family | Principal Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Growth |
| Inception | May 18, 2022 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: May 19, 2022 to Sep 16, 2026 (4.3 years).
BYRE vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
BYRE vs QQQ Performance
Principal Real Estate Active Opportunities ETF (BYRE) is an ETF from Principal Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BYRE returned +8.15% while QQQ returned +19.78%. Year to date, BYRE is up 10.00% versus a gain of 15.21% for QQQ.
Over three years, BYRE compounded at +9.26% per year against +24.58% for QQQ. Across the full 4-year window we track, QQQ has the edge at +23.56% annualized vs +3.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 17.6% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.60. They move together some of the time, and apart the rest.
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 2.74% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 51 holdings in BYRE and 102 in QQQ, totalling 99.9% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 51 positions we hold weights for in BYRE and 102 in QQQ, against full books of 53 and 107.
What only one of them owns
Our book lists 96 positions for QQQ that do not appear in our book for BYRE (97.5% of the fund), and 35 for BYRE that do not appear in QQQ (90.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BYRE and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $42 a year on a $10,000 investment.
Which performed better, BYRE or QQQ?
Over the past year BYRE returned +8.15% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), BYRE annualized +3.96% vs +23.56% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BYRE or QQQ?
QQQ has been the more volatile fund at 20.1% annualized versus 17.6% for BYRE. Worst drawdown: BYRE -25.7% vs QQQ -22.8%.
Should I hold both BYRE and QQQ?
BYRE and QQQ have a monthly-return correlation of 0.60, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BYRE or QQQ?
BYRE yields 2.74% while QQQ yields 0.44%, so BYRE currently pays the higher dividend yield.
Is QQQ better than BYRE?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 52.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.