BYRE vs VOO
Principal Real Estate Active Opportunities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | BYRE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $28M | $997.4B | |
| Dividend Yield | 2.68% | 1.08% | |
| Holdings | 56 | 509 | |
| YTD Return | +14.49% | +13.20% | |
| 1Y Return | +13.17% | +21.62% | |
| 3Y Return (annualized) | +11.82% | +22.16% | |
| 5Y Return (annualized) | - | +13.42% | |
| Volatility (annualized) | 17.7% | 14.1% | |
| Max Drawdown | -25.7% | -34.3% | |
| Fund Family | Principal Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 18, 2022 | Sep 7, 2010 |
BYRE vs VOO Performance
Principal Real Estate Active Opportunities ETF (BYRE) is a ETF from Principal Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BYRE returned +13.17% while VOO returned +21.62%. Year to date, BYRE is up 14.49% versus a gain of 13.20% for VOO.
Over three years, BYRE compounded at +11.82% per year against +22.16% for VOO. Across the full 4-year window we track, VOO has the edge at +13.51% annualized vs +5.01%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
BYRE and VOO share 12 holdings out of 543 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BYRE or VOO?
BYRE has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, BYRE or VOO?
Over the past year BYRE returned +13.17% vs +21.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), BYRE annualized +5.01% vs +13.51% for VOO. Past performance does not guarantee future results.
Which is riskier, BYRE or VOO?
BYRE has been the more volatile fund at 17.7% annualized versus 14.1% for VOO. Worst drawdown: BYRE -25.7% vs VOO -34.3%.
Should I hold both BYRE and VOO?
BYRE and VOO 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 VOO?
BYRE and VOO share 12 common holdings with a 1.1% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, BYRE or VOO?
BYRE yields 2.68% while VOO yields 1.08%, so BYRE currently pays the higher dividend yield.
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