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ETFs

Principal Real Estate Active Opportunities ETF

BYRE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 18, 2022
Expense Ratio
0.65%
Type
US Equities
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$2,046
AUM
$5,104,821
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VTR
Ventas Inc
7.29%
AMT
American Tower Corp.
6.87%
INVH
Invitation Homes Inc
6.77%
REXR
Rexford Industrial Realty Inc
6.70%
EXR
Extra Space Storage Inc.
6.17%
SUI
Sun Communities, Inc.
5.78%
AMH
American Homes 4 Rent - Ordinary Shares - Class A
4.81%
DLR
Digital Realty Trust Inc
4.81%
VICI
VICI Properties Inc
4.75%
WELL
Welltower Inc.
4.75%
Invest with BYRE

What is BYRE?

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. A real estate company has at least 50% of its assets, income or profits derived from investments, products or services related to the real estate industry.

ETFs related toBYRE

ETFs correlated to BYRE include ICF, IYR, DFAR

BYRE
Principal Exchange-Traded Funds - Principal Real Estate Active Opportunities ETF
ICF
BlackRock Institutional Trust Company N.A. - iShares Cohen & Steers REIT ETF
IYR
BlackRock Institutional Trust Company N.A. - iShares U.S. Real Estate ETF
DFAR
Dimensional ETF Trust - Dimensional US Real Estate ETF
SCHH
Schwab Strategic Trust - Schwab U.S. REIT ETF
VNQ
Vanguard Group, Inc. - Vanguard Real Estate Index Fund ETF
FREL
Fidelity Covington Trust - Fidelity MSCI Real Estate Index ETF
DRN
Direxion Shares ETF Trust - Direxion Daily Real Estate Bull 3X Shares
XLRE
SSgA Active Trust - Real Estate Select Sector SPDR Fund (The)
BBRE
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders MSCI U.S. REIT ETF
RWR
SPDR Series Trust - SPDR DJ Wilshire REIT ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBYRE

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BYRE using Composer

News Related to BYRE

Extra Space Storage Shares Are Down As Weak Demand, Low Housing Churn Clouds Future

Aug 5, 2024 • by Lekha Gupta
Extra Space Storage Shares Are Down As Weak Demand, Low Housing Churn Clouds Future
Read

FAQ

BYRE is a US Equities ETF. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies principally engaged in the real estate industry at the time of purchase. A real estate company has at least 50% of its assets, income or profits derived from investments, products or services related to the real estate industry.

Yes, BYRE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BYRE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BYRE is -0.0224%. This is the percent change in the value of BYRE over the most recent 1-month period. The 3-month return on BYRE is -0.0304%. This is the percent change in the value of BYRE over the most recent 3-month period.

The standard deviation of BYRE for the past year is 0.2203%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BYRE include XLI, XLY, and XLV.

ETFs correlated to BYRE include ICF, IYR, and DFAR.

ETFs that are inversely correlated to BYRE include SRS, DRV, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.