AVRE vs DPRE

AVREAAvantis Real Estate ETF

DPRECVirtus Duff & Phelps Real Estate Income 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.

DPRE Most real estate ETFs buy REIT common stock and stop there. DPRE is actively run with income as the stated first goal, free to roam across REIT shares, preferred securities and property debt, in the US and abroad.

Stated mandate

AVRE The fund seeks long-term capital appreciation.

DPRE The Fund seeks high current income, with capital appreciation as a secondary objective.

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.

• DPRE Income leads the mandate: high current income is the primary objective, capital appreciation the secondary one, and the fund distributes quarterly.
• Works the whole capital stack, holding REIT equity, preferred securities and real estate debt rather than common stock alone.
• At 0.59%, the fee sits below the median for its active US equity peer group, unusual for a specialist active sleeve.
• The passport is open: global real estate companies, including emerging market issuers, sit inside the mandate alongside US property.

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.

• DPRE A small fund that trades thinly, which usually means wider bid-ask spreads than the giant index REIT funds.
• Launched in 2026 and actively managed, so there is little live history and outcomes ride on the managers' calls rather than an index.
• Roughly 60 positions, with rate-sensitive preferreds and debt in the mix, so single names and interest rates carry more weight than in a broad index.

Full AVRE profile⁠

Full DPRE profile⁠