AVRE vs BYRE

AVREAAvantis Real Estate ETF

BYRECPrincipal Real Estate Active Opportunities ETF

In short

AVRE Landlord exposure at index-fund pricing. AVRE holds roughly 300 REITs and property companies worldwide, measured against the S&P Global REIT Index, for 0.17% a year while the typical fund in its active-equity peer group charges far more.

BYRE Active US real estate: about 50 names hand-picked instead of a whole REIT index, priced under what the typical active equity fund charges. Small and thinly traded, so it's a niche tool rather than a crowd favorite.

Stated mandate

AVRE The fund seeks long-term capital appreciation.

BYRE The Fund seeks total return.

Why people hold it

• AVRE 0.17% a year, a fraction of the median expense ratio in its active-equity peer group. Fees are the one part of a real estate return you know in advance.avantisinvestors.com
• Global by design: US and developed-market property owners across roughly 300 names, so no single office tower or mall operator sets the tone.avantisinvestors.com
• Rent shows up on a schedule. The fund distributes quarterly, and its stated objective is long-term capital appreciation rather than a yield target.avantisinvestors.com
• On cost and structure it sits among the strongest implementations in its peer group, with a clean record: no structural flags, no scoring caps.

• BYRE Roughly 50 US real estate stocks, actively chosen rather than index-assigned. A concentrated way to own the sector, aimed at total return: income plus price.
• 0.60% a year, which undercuts what the typical active US equity fund charges. Lean pricing for single-sector stock picking.
• Plain 1940 Act fund wrapper with quarterly distributions. A 1099 at tax time, not a K-1.

Worth knowing

• AVRE One sector, one story. Real estate reacts hard to interest rates and credit conditions, so this moves on its own schedule versus a broad stock fund.
• Global reach means foreign-currency property markets ride along, adding exchange-rate movement on top of the underlying real estate returns.avantisinvestors.com
• Launched in 2021, so its live history is short next to REIT funds that have been through multiple property cycles.

• BYRE Small asset base and light volume. Spreads can widen and larger orders can move the price more than in a heavily traded fund.
• One sector, one country, about 50 names. Rate moves and property cycles hit the whole basket at once, with no diversification cushion.
• Launched in 2022, so the track record is short, and it sits in the lower half of our active US equity coverage.

Full AVRE profile⁠

Full BYRE profile⁠