BYRE vs VOO
Principal Real Estate Active Opportunities ETF vs Vanguard S&P 500 ETF
Which is better, BYRE or VOO?
Small Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% 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 | VOO |
|---|---|---|
| Expense Ratio | 0.60% | 0.03%Best |
| AUM | $28M | $997.4B |
| Dividend Yield | 2.74% | 1.04% |
| Holdings | 53 | 509 |
| YTD Return | +10.00% | +11.01%Best |
| 1Y Return | +8.15% | +15.60%Best |
| 3Y Return (annualized) | +9.26% | +20.82%Best |
| 5Y Return (annualized) | - | +12.60% |
| Volatility (annualized) | 17.6% | 15.3%Best |
| Max Drawdown | -25.7% | -18.7%Best |
| $10,000 over 4.3 years | $11,817 | $20,479Best |
| Top 10 Weight | 52.2% | 37.6%Best |
| Fund Family | Principal Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | May 18, 2022 | Sep 7, 2010 |
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 VOO 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 VOO Performance
Principal Real Estate Active Opportunities ETF (BYRE) is an ETF from Principal Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year BYRE returned +8.15% while VOO returned +15.60%. Year to date, BYRE is up 10.00% versus a gain of 11.01% for VOO.
Over three years, BYRE compounded at +9.26% per year against +20.82% for VOO. Across the full 4-year window we track, VOO has the edge at +18.14% annualized vs +3.96%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BYRE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 15.3% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 2.74% against 1.04% for VOO.
Holdings Overlap
54.6% of BYRE's money is in holdings VOO also owns. 1.2% of VOO's money is in holdings BYRE also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 51 positions we hold weights for in BYRE and 494 in VOO, against full books of 53 and 509.
What only one of them owns
Our book lists 475 positions for VOO that do not appear in our book for BYRE (98.0% of the fund), and 23 for BYRE that do not appear in VOO (35.4%).
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.
Top Shared Holdings
| Stock | Weight in BYRE | Weight in VOO | Difference |
|---|---|---|---|
| WELLWelltower, Inc. | 8.43% | 0.26% | 8.17% |
| EQIXEquinix Inc. Real Estate Investment Trust | 8.29% | 0.16% | 8.13% |
| AMTAmerican Tower Corporation | 6.63% | 0.13% | 6.50% |
| VTRVentas Inc . | 4.63% | 0.07% | 4.56% |
| CCICrown Castle International Corp | 4.63% | 0.05% | 4.58% |
| PLDPrologis Inc | 4.39% | 0.21% | 4.18% |
| EXRExtra Space Storage Inc. | 3.58% | 0.05% | 3.53% |
| DLRDigital Realty Trust Inc. | 3.50% | 0.10% | 3.40% |
| IRMIron Mtn Inc New Com Npv | 3.51% | 0.06% | 3.45% |
| ESSEssex Property | 3.41% | 0.03% | 3.38% |
54.6% of BYRE is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $57 a year on a $10,000 investment.
Which performed better, BYRE or VOO?
Over the past year BYRE returned +8.15% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), BYRE annualized +3.96% vs +18.14% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BYRE or VOO?
BYRE has been the more volatile fund at 17.6% annualized versus 15.3% for VOO. Worst drawdown: BYRE -25.7% vs VOO -18.7%.
Should I hold both BYRE and VOO?
BYRE and VOO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BYRE and VOO?
54.6% of BYRE's money is in holdings VOO also owns. 1.2% of VOO's is in holdings BYRE also owns. They hold 12 positions in common, counted across the 51 positions we hold weights for in BYRE and 494 in VOO.
Which pays a higher dividend, BYRE or VOO?
BYRE yields 2.74% while VOO yields 1.04%, so BYRE currently pays the higher dividend yield.
Is VOO better than BYRE?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% 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.